The Nigeria Deposit Insurance Corporation (NDIC) and the House of Representatives Committee on Insurance and Actuarial Matters are intensifying efforts to strengthen Nigeria’s financial safety net following the completion of bank recapitalization.

The Nigeria Deposit Insurance Corporation (NDIC) has launched a financial literacy campaign for students in Ebonyi State, aiming to improve their personal finance knowledge and raise awareness about bank deposit protection.

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the takeover of assets belonging to 46 delicensed microfinance banks. The public has been warned against engaging in any dealings with these failed institutions.

The President of Nigeria's National Industrial Court has emphasized that the Nigeria Deposit Insurance Corporation (NDIC) must prioritize the interests of depositors in failed banks, citing the NDIC Act 2023.

The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday, has clarified how the corporation compensates depositors when banks fail, stating that insured sums are pegged at N5 million and N2 million depending on the category of financial institution. The post NDIC explains deposit payout process for failed banks, pegs coverage at N5m, N2m appeared first on Vanguard News.

The Nigeria Deposit Insurance Corporation (NDIC) has commenced payment to depositors of 46 microfinance banks whose operating licenses were revoked by the Central Bank of Nigeria, including over 700,000 Heritage Bank depositors.

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment process for depositors of 46 failed microfinance banks. This initiative aims to provide relief to those affected by the closure of these financial institutions.

The Nigeria Deposit Insurance Corporation (NDIC) has trained 200 students in Yobe State on financial literacy, emphasizing the importance of savings, discipline, and prudent money management for a secure future.

The Nigeria Deposit Insurance Corporation (NDIC) has filed a lawsuit against Wema Bank concerning N125 billion worth of Banana Island properties and a N401 million disputed payment, as part of efforts to recover assets from a defunct bank.

The Nigeria Deposit Insurance Corporation (NDIC) announced a 97% budget execution rate for 2025 and has proposed a N589.89 billion budget for the 2026 fiscal year.

The Nigeria Deposit Insurance Corporation (NDIC) is encouraging young Nigerians to pursue legitimate wealth creation through savings and to steer clear of fraudulent Ponzi schemes, emphasizing financial literacy.

The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to continuously strengthening its Deposit Insurance Funds (DIFs) to promote the stability and resilience of the nation’s financial sector.

The Nigeria Deposit Insurance Corporation (NDIC) has initiated the final stages of liquidation for 89 microfinance and primary mortgage banks. This move aims to conclude the winding-up process for these financial institutions.