NDIC invigorates failed banks’ liquidation activities, debt recovery rate – MD
Nov. 29, 2023 The Nigeria Deposit Insurance Corporation (NDIC) says it has invigorated its banks’ liquidation activities and increased debt recovery rate, leading to 100 per cent liquidation dividend payments…
NDIC declares 100% dividend to pay depositors of 20 liquidated banks
Nov. 28, 2022 Mr. Bello Hassan, Managing Director, Nigeria Deposit Insurance Corporation (NDIC), said the corporation in September, declared 100 per cent liquidation dividend in 20 institutions. The dividends were…
Above 97% of depositors would be covered in event of bank failure – NDIC assures
Oct. 26, 2021 … N128.4m in DMBs as at 2019 Mr Bello Hassan, Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), has assured depositors that in the event of…
Revoked licenses: NDIC successfully closes 325 MFBs, 50 PMBs, 49 DMBs
Oct. 22, 2021 The Nigeria Deposit Insurance Corporation (NDIC) says it has successfully closed 325 MFBs, 50 PMBs and 49 DMBs whose licenses were revoked by the CBN with minimal…
Non-performing loan sees improvement from 6.58% to 5.9 % in August 2021
Oct. 22, 2021 … CBN reiterates banks remain stable, resilient The Central Bank of Nigeria (CBN) says banks in the country have remained stable, robust and resilient in spite of…
Payment of liquidation dividends to depositors of failed banks ongoing – NDIC
Oct. 22, 2021 The Nigeria Deposit Insurance Corporation (NDIC) is currently settling the liquidation dividends of depositors of banks whose licenses were revoked by the Central Bank of Nigeria (CBN)….
NDIC begins review of approach to the determination of premium by banks – MD
Oct. 20, 2021 …Insured financial institutions now to pay premium based on assessed risks The Nigeria Deposit Insurance Corporation (NDIC) says the payment of premium by financial institutions insured by…
Refund to bank customers stands at over N76bn, $20.9m – CBN
The Central Bank of Nigeria (CBN) says the refund to bank customers as at Nov. 30 stood at N76.75 billion and 20.90 million dollars. Mr Kofo-Abdulsalam Alada, the Director, Consumer…
Electronic Fraud in Nigeria’s Banking Sector Projected to Hit N6.1trn by 2021— CBN Director
The Central Bank of Nigeria (CBN) has projected that electronic fraud loses in the country’s banking system would reach N6.1 trillion by 2021. CBN Director of Consumer Protection, Mr…