The Nigeria Deposit Insurance Corporation (NDIC) has requested the Economic and Financial Crimes Commission (EFCC) to return funds recovered from banks’ fraudsters to its coffers. In...
The new Board Chairman of the Nigeria Deposit Insurance Corporation (NDIC), Abdulhakeem Abdullateef, has condemned the passage of the NDIC Act, 2023. Naija News recalls that...
President Muhammadu Buhari has written to the Nigerian Senate seeking for the screening and subsequent confirmation of new members of the board of the Nigeria Deposit...
The Nigeria Deposit Insurance Corporation (NDIC) has explained how financial institutions, especially commercial banks, surmounted the economic disaster brought about by the emergence of the COVID-19...
The Nigerian Deposit Insurance Corporation (NDIC) has promised to refund depositors of 23 distressed banks in the country. Naija News reports that the corporation’s Managing Director,...
Emily Chidinma Osuji has been confirmed as Executive Director of the Nigerian Deposit Insurance Corporation (NDIC) by the Nigerian Senate. The Senate confirmed Osuji’s nomination on...
President Muhammadu Buhari has written three letters to the Senate to seek the confirmation of nominees for three government agencies. Naija News reports that the three...
The Nigeria Deposit Insurance Corporation, NDIC, has explained that over ninety-seven per cent of depositors’ accounts are fully covered by insurance in a case of bank...
The Nigeria Deposit Insurance cooperation had revealed that 99.4% of Nigeria bank accounts contains less than N500,000. The managing director of the NDIC, Mr Bello Hassan...
President of the Senate Ahmed Lawan on Wednesday tackled legislative aide for failing to wear facemask inside the National Assembly complex. Naija News reports that this...
The Nigerian Senate has okayed President Muhammadu Buhari’s nomination of Ahmed Lawan Kuru for reappointment as the Managing Director of the Asset Management Corporate of Nigeria (AMCON)....
The Central Bank of Nigeria (CBN) has announced the revoking of the operating licences of 42 microfinance banks in the country. Naija News reports that this...
President Muhammadu Buhari on Monday made fresh appointments for the Nigeria Deposit Insurance Corporation (NDIC). Naija News reports that the new appointments were made known in...
The Kwara state government has applauded the Nigeria Deposit Insurance Corporation for protecting depositors and safeguarding the banking sector. The State Deputy Governor, Mr. Kayode Alabi,...
Zainab Ahmed, minister of finance, has assured that all those responsible for the failure of Skye Bank will be prosecuted. The minister made this known on...
-50 banks shut down between 1994 and 2011 due to non-performing loans. NDIC moves against non-performing bank loans. The Nigerian Deposit Insurance Corporation (NDIC), reveals that...