Nigeria Deposit Insurance Corporation

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…

Those staking money on Fund Managers are to blame themselves following disclosure by the Nigeria Deposit Insurance Corporation (NDIC) distancing self from deposit insurance to such ventures. The corporation noted the increase in…

AMINA HUSSAINI About 37 microfinance banks (MFBs) in the country have been identified to be in a distressed position and may forfeit their operating licences. The Chairman of the Nigeria Deposit Insurance…

AMINA HUSSAINI The Senate, on Wednesday, passed the Bill to repeal the Banks and Other Financial Institutions Act (BOFIA) CAP B3 Laws of the Federation of Nigeria 2004 and to re-enact Banks and Other Financial…

President Muhammadu Buhari has approved the appointment of Mr. Sunday Thomas as the substantive Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM). It will be recalled that Mr. Thomas replaced…

AMINA HUSSAINI, Abuja Nigeria Deposit Insurance Corporation (NDIC) has donated N1billion Naira to the COVID-19 Relief Fund pooled to fight the Corona Virus pandemic in Nigeria. The Bankers Committee led by the Central Bank of Nigeria…

A Federal High Court sitting in Lagos on Monday heard that Nigeria Deposit Insurance Corporation (NDIC) examiners did not recommend the sack of Intercontinental Bank’s former Managing Director, Dr Erastus Akingbola, in 2009. An Economic…

AMINA HUSSAINI, Abuja Nigeria Deposit Insurance Corporation, (NDIC) has secured a judgment against Jolimair Nigeria Limited and three other debtors who owed the defunct Gulf Bank Plc a total of N1.4bn. Justice Ibrahim Buba ruled…

UMORU ABDULKADIR Bank Customers across the country get a total  sum of N76.75 billion and $20.90 million refund from their various banks after the intervention of the Central Bank of Nigeria (CBN) in several complaints to the apex bank…

The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year. Dr Hassan Mahmoud, the Deputy Director, Financial Policy and Regulation Department in CBN,…