MFBs

MFB deposits surge by 168%, as assets value hits N2.795trn

• National News

MFB deposits surge by 168%, as assets value hits N2.795trn

Admin July 29, 2024

July 29, 2024 The Microfinance Banks (MFB) have recorded impressive performance in all key assessment parameters with...

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NDIC increases maximum deposit insurance coverage for failed banks

• National News

NDIC increases maximum deposit insurance coverage for failed banks

Admin May 2, 2024

May 2, 2024 The Nigeria Deposit Insurance Corporation (NDIC), has reviewed upward the maximum deposit insurance coverage...

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NDIC declares 100% dividend to pay depositors of 20 liquidated banks

• Business & Economy
• National News

NDIC declares 100% dividend to pay depositors of 20 liquidated banks

Admin November 28, 2022

Nov. 28, 2022 Mr. Bello Hassan, Managing Director, Nigeria Deposit Insurance Corporation (NDIC), said the corporation in...

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Payment of liquidation dividends to depositors of failed banks ongoing – NDIC

• Business & Economy
• National News

Payment of liquidation dividends to depositors of failed banks ongoing – NDIC

Admin October 22, 2021

Oct. 22, 2021 The Nigeria Deposit Insurance Corporation (NDIC) is currently settling the liquidation dividends of depositors...

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Liquidation: NDIC to begin payment of liquidation dividends to uninsured depositors in 14 banks

• National News

Liquidation: NDIC to begin payment of liquidation dividends to uninsured depositors in 14 banks

Admin June 28, 2021

June 28, 2021  The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation...

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relief for depositors of closed micro finance banks, PMBs as NDIC begins claims verification 

• Business & Economy
• National News

relief for depositors of closed micro finance banks, PMBs as NDIC begins claims verification 

Admin February 2, 2020

The Nigeria Deposit Insurance Corporation (NDIC) says it will on Feb. 3, commence claims verification for depositors...

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CBN sets 64 new customers per month target for MfBs to help meet 2020 Financial Inclusion goal

• National News

CBN sets 64 new customers per month target for MfBs to help meet 2020 Financial Inclusion goal

Admin July 3, 2019

CBN boss, Godwin Emefiele   As part of efforts to help meet the country’s 2020 financial inclusion...

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Senate Expresses Commitment to Amend NDIC Act…Resolves to Assist in the Investigation and Prosecution of all Involved in the Collapse of Defunct Skye Bank

• National News

Senate Expresses Commitment to Amend NDIC Act…Resolves to Assist in the Investigation and Prosecution of all Involved in the Collapse of Defunct Skye Bank

Admin November 23, 2018

  Umaru Ibrahim, MD/CEO NDIC   The Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions,...

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