Nigeria Deposit Insurance Corporation (NDIC)

NDIC begins verification of depositors in 3 failed Micro-finance Banks from May 9

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...

Banking sector well positioned to support monetary, fiscal recovery efforts, says Emefiele

Economy3 years ago

CBN expects 2.38% GDP growth in Q4

…As FG says $22.7 loan request meant for infrastructure*** The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth...

FG, States, LGCs share N601bn for Nov, says Perm Sec

Economy4 years ago

FG, states, LGs got over N6tn in nine months – FAAC

…As Foreign investors, govt divest from banks*** Revenue disbursements by the Federation Account Allocation Committee to the three tiers of the government hit N6.226tn in the...

Economy4 years ago

NDIC saved N949bn depositors’ funds in failed Skye Bank – MD

The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank. Managing Director of the Corporation, Alhaji Umaru Ibrahim,...

Economy4 years ago

NDIC restates commitment to deepen financial inclusion, protect bank depositors

…As Oil rises towards $90, and Asia stocks slip, with NAFTA lift fading*** The Nigeria Deposit Insurance Corporation (NDIC) has reiterated its commitment to deepen financial...

Economy5 years ago

SEC targets increased financial inclusion by 2020

The Securities and Exchange Commission (SEC) says it aims to achieve increased financial inclusion of Nigerians by the year 2020. Acting Director General, Dr Abdul Zubair,...

Banking & Finance5 years ago

Bank Directors with bad loans to go

…As FG targets $1bn from tax amnesty scheme*** Bank directors with non-performing loans (NPLs) are to quit or be sacked, according to a new Code of...

Banking & Finance6 years ago

No Nigerian Bank Is Near Distress, NDIC Says

As NAPTIP says 5,500 trafficked Nigerians are to be deported, from Mali, Libya Every Nigerian bank is currently healthy and on sound footing, the Managing Director,...

Economy6 years ago

CBN, NDIC struggle for control of dormant accounts’ fund

The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) tried to convince the House of Representatives Committee on Banking and Currency that...

Economy6 years ago

‘Three million Nigerians lost N18b to MMM’

As Nestle Nigeria profit drops by 67% The Nigeria Deposit Insurance Corporation (NDIC) has said three million Nigerians lost N18 billion in the Ponzi scheme, popularly...