Round and about Nigeria
NDIC verifies 2.3 million Heritage Bank depositors to receive payout

The Nigerian Deposit Insurance Corporation (NDIC) has certified 2.3 million Heritage Bank depositors to receive payout. The NDIC’s Managing Director, Bello Hassan, made the announcement on Wednesday during a media conference in Abuja about Heritage Bank’s liquidation after the Central…

Round and about Nigeria
NDIC increases Maximum Deposit Insurance coverage from N500k to N5m

The Nigeria Deposit Insurance Corporation (NDIC) on Thursday increased the maximum deposit insurance coverage levels for Deposit Money Banks from N500,000 to N5 million. The Managing Director of NDIC, Bello Hassan, announced this in Abuja at a press conference, stating…

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