30 results
- 4 Nov 2014
NDIC Bags 2014 IADI Award
Nigeria Deposit Insurance Corporation (NDIC) has won the 2014 International Association of Deposit Insurers (IADI) award as the Best Deposit Insurance Organisation of the Year under Category 2 of the…
- 4 Jun 2025
NDIC Calls for Inputs to IADI Core Principles for Effective Deposit Insurance
Nigeria Deposit Insurance Corporation (NDIC) has called for comments from financial services industry stakeholders in the country, policy makers and the general public towards the ongoing revision of…
- 21 Aug 2019
NDIC Signs MOU with Korea Deposit Insurance Corporation
The Nigeria Deposit Insurance Corporation (NDIC) has signed a Memorandum of Understanding (MOU) with the Korea Deposit Insurance Corporation (KDIC) on a wide range of issues intended to facilitate…
- 25 Sept 2018
NDIC Hosts IADI Africa Regional Committee Workshop
The Nigeria Deposit Insurance Corporation (NDIC) is hosting the International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) Annual General Meeting and Technical Assistance…
- 9 Nov 2016
Ibrahim, NDIC Boss Re-Elected into IADI Exco
Alh. Umaru Ibrahim, managing director/chief executive of the Nigeria Deposit Insurance Corporation (NDIC), has been re-elected into the Executive Committee of the International Association of Deposit…
- 31 Dec 2025
NDIC Reinforces Full Oversight Compliance to Safeguard Depositors
Mr. Thompson Sunday, the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the Corporation’s strict compliance with fiscal and financial…
- 18 Aug 2008
Ogunleye, NDIC Boss Commends DIS in Banking
Nigeria Deposit Insurance Corporation (NDIC), has said that functional Deposit Insurance Scheme (DIS) as a essential instrument of generating depositors’ confidence in the banking system as…
- 16 Jul 2014
NDIC, Poland Sign MoU on Capacity Building
The Nigeria Deposit Insurance Corporation (NDIC) said it had signed a Memorandum of Understanding with Bank Guarantee Fund of Poland to promote capacity building on deposit insurance law and…
- 22 Jul 2026
NDIC Begins Payment to Depositors of 46 Failed Microfinance Banks
Nigeria Deposit Insurance Corporation (NDIC) has begun paying insured deposits to customers of the 46 recently failed microfinance banks. Mr Thompson Sunday, managing director and chief executive,…
- 24 Jul 2015
World Bank Commends NDIC for Robust Target Funding
The World Bank has commended Nigeria Deposit Insurance Corporation (NDIC) for its robust Target Fund Ratio Framework which enables the Corporation to meet its obligation to depositors. Headed by Mr…
- 30 Sept 2018
Ibrahim NDIC Boss Emerges IADI Africa Regional Committee Chair
Umaru Ibrahim, the managing director of the Nigeria Deposit Insurance Corporation (NDIC), has been elected the new Chairperson of the Africa Regional Committee (ARC) of the International Association…
- 28 Sept 2020
CIBN Recertifies NDIC Academy as Bankers Training Provider
Council of the Chartered Institute of Bankers of Nigeria (CIBN) has recertified the Nigeria Deposit Insurance Corporation (NDIC) Academy as a training service provider for various professionals in…
- 26 Sept 2024
BVN Enabled Us in Timely Payment of 85 Percent of Heritage Bank Depositors — NDIC
Mr Bello Hassan, managing director/CEO, Nigeria Deposit Insurance Corporation (NDIC), has said that the use of Bank Verification Numbers (BVN) facilitated the successful reimbursement of 84.98 per…
- 16 Apr 2013
NDIC Moves to Protect Investors in Capital Market
Alhaji Umaru Ibrahim, managing director, Nigeria Deposit Insurance Corporation (NDIC) has said that the agency is seeking for the establishment of an explicit investor protection scheme to protect…
- 13 Sept 2018
NDIC Calls for Stronger Ethical Standard in Banking Industry
Umaru Ibrahim, managing director of the Nigeria Deposit Insurance Corporation (NDIC), has stressed the need for effective collaboration between regulators and operators in the banking system for the…
- 16 Sept 2018
NDIC Seeks Sound Corporate Governance in Banking Sector
Nigeria Deposit Insurance Corporation (NDIC) has emphasised the need for effective collaboration between regulators and operators in the banking system for the establishment of sound ethics and…
- 22 Jul 2026
FG Says Rumours, Fear, Can Crash Banks
Mr Taiwo Oyedele, minister of Finance and Coordinating Minister of the Economy, has warned that fear, rumours and misinformation could trigger instability in the banking sector if not properly…
- 13 Sept 2018
NDIC Chides Banks for Abuse of Ethics
Alhaji Umaru Ibrahim, managing director and chief executive, Nigeria Deposit Insurance Corporation (NDIC), has decried instances of abuse of extant regulations and ethical standards by deposit money…
- 27 Mar 2026
NDIC Insures 99 Percent of Bank Customers
Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to protecting depositors and sustaining confidence in the nation’s banking system, declaring that its insurance framework…
- 11 Dec 2018
NDIC Joins Islamic Financial Services Board
The Nigeria Deposit Insurance Corporation (NDIC) has become a full member of the board of the Council of the Islamic Financial Services Board (IFSB) which has its headquarters in Kuala Lumpur,…
- 8 Oct 2018
Ex Skye Bank Directors Panic as FG Mulls Punishment for Banking Collapse
Former directors of the defunct Skye Bank Plc are reportedly seeking for soft-landing, following a directive by federal government last week that the former bankers would be used as scapegoat to stop…
- 26 Nov 2017
FG Lists Dangers of Digital Currencies as Bitcoin Hits $8,000
Nigerian Deposit Insurance Corporation (NDIC), the country’s financial sector insurance regulator, has again warned Nigerians against the risk of trading with digital currencies not issued by the…
- 2 Oct 2018
NDIC Paid N11.5bn to Depositors of Financial Institutions in 2017
Umaru Ibrahim, Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), has revealed that about N11.50 billion has been paid to financial institutions. The payment, he…
- 21 Jul 2026
Senate Passes Landmark Insurance Reform Bill, Replaces 1997 NAICOM Act
The Senate yesterday recorded two major milestones in Nigeria’s financial sector, passing a landmark Insurance Regulatory Commission Bill to replace the nearly three-decade-old National Insurance…
- 23 Feb 2020
NDIC Liquidates 425 Banks in 22 Years
Nigeria Deposit Insurance Corporation (NDIC) at the weekend said it participated in the liquidation processes of 425 financial institutions in the country since it was established in 1988. A…
- 23 Oct 2015
CBN to License Super Mobile Money Agents
Central Bank of Nigeria (CBN), has disclosed that a framework to license super agents mobile money operators is on its final stage. However, three major telecommunications firm in the country have…
- 25 May 2018
Concerns as NDIC Warns of Another Bank Failure
Another bank failure is imminent in the country on the back of weak corporate governance culture and weak internal control, according to Alhaji Umaru Ibrahim, managing director, NDIC, Nigeria Deposit…
- 7 Mar 2016
CBN to Stop Forex Sales to Banks not Issuing LCs
Any bank in Nigeria that deliberately refuses to issue Letters of Credit (LCs) to manufacturers would be denied access to the official foreign exchange window, according to a report by New Telegraph.…
- 2 Jul 2017
Fraudsters Steal N16.5Bn from Nigerian Banks
Nigerian banks lost some N16.5 billion in 31,736 fraud cases between January 2014 and December 2016, according to Punch which quoted figures it obtained from the Central Bank of Nigeria (CBN). The…
- 15 Jun 2025
Fidelity Bank ED, Kevin Ugwuoke takes over as President of Risk Managers Association
Kevin Ugwuoke, Executive Director and Chief Risk Officer of Fidelity Bank Plc, has formally assumed office as President of the Chartered Risk Management Institute of Nigeria (CRMI). L-R:…