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NDIC

Banking and Finance

Why over 17% of Heritage bank’s depositors remain unpaid – NDIC

THE Nigeria Deposit Insurance Corporation (NDIC) has explained the delay of payment to 17.6 per cent of the defunct...
Ehime ALEX -
Banking and Finance

CBN refutes plans to revoke Unity, Polaris, Keystone banks’ licences

THE Central Bank of Nigeria (CBN) has refuted a report claiming it has set to revoke the licences of...
Ehime ALEX -
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Banking and Finance

What Heritage Bank’s licence revocation means for customers, investing public

THE revocation of Heritage Bank Plc's licence would not have come as a surprise to industry watchers, following the...
Ehime ALEX -
Banking and Finance

NDIC raises insurance coverage for bank customers by 900‬%

THE Nigeria Deposit Insurance Corporation (NDIC) has increased bank customers' maximum deposit insurance coverage to N5 million. The NDIC's managing...
Ehime ALEX -
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Business and Economy

Board Chairman accuses ‘CBN cabals’ of doctoring new NDIC Act, risking depositors funds

THE new chairperson of the governing board of the Nigerian Deposit Insurance Corporation (NDIC), Abdulhakeem Abdullateef, has raised concerns...
Harrison EDEH -
Featured News

Microfinance bank CEO sentenced to 4 year jail term over $167 million fraud

THE Federal High Court, Lagos, on Thursday, sentenced a former managing director of the defunct Integrated Microfinance Bank Ltd, Simon...
Amos ABBA -
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