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…
NDIC boss assures above 97% depositors of coverage in event of bank failure
Mr Bello Hassan, Managing Director of 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. Hassan gave the…
