The Nigeria Deposit Insurance Corporation (NDIC), says it will commence the claims verification of depositors of the three Micro-finance Banks (MFBs) whose licences were revoked by the Central Bank of Nigeria (CBN). The NDIC said on...
Senate has confirmed nominees of President Muhammadu Buhari as National Commissioners for the Nigerian Electricity Regulatory Commission (NERC) and the National Population Commission (NPC). The confirmation of four NERC nominees on Wednesday at plenary followed the...
The Central Bank of Nigeria, CBN, has approved the appointment of Ahmad Abdullahi as non-executive director of First Bank Holding Plc and chairman of the company to replace Mr Remi Balalola. Babalola resigned yesterday for reasons...
The Nigeria Deposit Insurance Corporation (NDIC) says it has saved over 12,667 jobs and secured N1.021 trillion deposits through its interventions in the banking sector. The Managing Director and Chief Executive Officer (MD/CEO) of NDIC, Mr...
The Nigeria Deposit Insurance Corporation says 467 banks have either been liquidated or undergoing the process of complete liquidation by the corporation. The Chairman of NDIC, Mrs Ronke Sokefun, said this on Thursday during the 2021...
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors that in the event of failure of a bank, above 97 per cent of depositors would be fully covered by the corporation. NDIC Managing Director, Mr Bello...
The Nigeria Deposit Insurance Corporation says it has liquidated at least 500 deposit money, microfinance, and primary mortgage banks whose licences were revoked by the Central Bank of Nigeria. The corporation also disclosed that it was...
His Royal Majesty the Alake and Paramount ruler of Egbaland, Oba Adedotun Aremu Gbadebo has observed that the Nigeria Deposit Insurance Corporation (NDIC) has been consistent in its Corporate Social Responsibility at the grassroots which...
The National Deposit Insurance Corporation (NDIC) has declared that despite the devastating effects of the COVID-19 pandemic and other challenges, Nigeria’s banking system remains safe and sound. Managing Director and Chief Executive of NDIC, Mr. Bello...
The Economic and Financial Crimes Commission (EFCC) on Monday explained that its directive to bankers to declare their assets was not a “witch hunt” but aimed sanitizing the banking sector. EFCC Chairman, Abdulrasheed Bawa, made the...