The Nigeria Deposit Insurance Corporation (NDIC) has formally begun the liquidation of the 46 Microfinance Banks (MFBs) whose operating licences were revoked by the Central Bank of Nigeria (CBN) and has announced the commencement of…

 The Nigeria Deposit Insurance Corporation (NDIC) announced it will approach different judicial divisions of the Federal High Court to seek dissolution orders for 89 Microfinance Banks and Primary Mortgage Banks that were acquired by new…

The Federal Government has commended the Nigeria Deposit Insurance Corporation ( NDIC) and the Central Bank of Nigeria (CBN) for keeping Nigeria's economy afloat despite economic challenges. The Minister of finance, budget and national…

Nigeria’s vice president, Yemi Osinbajo, on Tuesday asked the management of the Nigerian Deposit Insurance Corporation (NDIC) to come up with a sustainable framework to empower millions of poor Nigerians through the extension of credit to…

1.0 Following a study on coverage levels conducted by the NDIC in 2015, it reviewed upwards the coverage level for depositors of PMBs from N200,000 to N500,000 in 2015. The current coverage levels ofN500,000 per depositor per DMB and …