Nigeria Deposit Insurance Corporation Archives

NDIC increases Maximum Deposit Insurance coverage from N500k to N5m

Editor4May 2, 202406 views

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…

NDIC boss assures above 97% depositors of coverage in event of bank failure

Editor2October 26, 202100 views

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…