Avoid Unlicensed Banks, Ponzi Schemes, NDIC urges Nigerians
The Nigeria Deposit Insurance Corporation (NDIC) has issued a stern warning to the public to steer clear of financial institutions ...
Tag: NDIC
FinTechNGR Unveils Theme and Next-Level Experience for Nigeria Fintech Week 2025
The organizers of Nigeria Fintech Week (NFW25), Africa’s largest fintech gathering, have announced a bold vision for the event’s eighth ...
Wale Edun Inaugurates New NDIC Leadership
Wale Edun, minister of Finance and coordinating minister of the Economy, has inaugurated the new managing director/Chief Executive Officer of ...
NDIC Begins N46.6 Billion Disbursement to Depositors of Defunct Heritage Bank
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the disbursement of funds to depositors of the defunct Heritage Bank, whose ...
Bank Customers: NDIC Stresses Need for Up-to-Date KYC
Nigeria Deposit Insurance Corporation (NDIC) has reminded bank customers in the country to ensure their Know Your Customer (KYC) details ...
MultiChoice Writes Off N31.6 Billion Following Heritage Bank’s Liquidation
The South African pay-TV operator disclosed this loss in its financial results for the six months ending September 30, 2024
NDIC Initiates Process of Debt Recovery
The Nigeria Deposit Insurance Corporation, (NDIC), remains steadfast in its mission to protect depositors through sustainable debt recovery processes and ...
NDIC Pays 82.3% Insured Depositors of Liquidated Heritage Bank
The Nigeria Deposit Insurance Corporation (NDIC) said, in the discharge of its deposit guarantee mandate, it has paid the insured ...
How PalmPay Business Platform is Empowering Businesses and Enriching Lives
The banking sector is experiencing a significant and positive shift, with PalmPay leading the charge. As a prominent fintech innovator, ...
Heritage Bank: NDIC Moves to Recover N700bn from Loan Defaulters
The Nigeria Deposit Insurance Corporation has announced that it will pay out insured deposits to depositors of the defunct Heritage ...
Heritage Bank: NDIC Hints on Requirements, Steps to Recover Your Fund
It is no more news that the Nigeria Deposit Insurance Corporation (NDIC), in exercise of its statutory power as the official ...
CBN Revokes Operating License of Heritage Bank, NDIC Steps in
The Central Bank of Nigeria has revoked the banking license of Heritage Bank Plc with immediate effect. The apex bank, ...
NDIC Raises Bank Deposit Insurance Coverage to N5m
The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various ...
Senator asks CBN to Engage N’Assembly, others on Banks’ Recapitalization
Tokunbo Abiru, the chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, has called on the Central Bank of ...
NDIC Assures Swift Payment to Depositors of Closed Microfinance Banks
The Nigeria Deposit Insurance Corporation (NDIC) has pledged to expedite the payment process for depositors of 179 Microfinance Banks and ...