30 results
- 15 Mar 2021
NDIC Begins Hunt for Debtors of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) is to go tough on debtors of failed banks, according to Mr. Bello Hassan, new managing director of the organization. Hassan,who stated this at his…
- 6 Feb 2022
NDIC to Strengthen Capacity in Procurement Processes
Mr Bello Hassan, managing director/chief executive, Nigeria Deposit Insurance Corporation (NDIC), has said the corporation will continue to build capacity in procurement processes. Hassan spoke at a…
- 6 Jul 2021
NDIC Seeks Partnership with BPSR on Innovation in Service Delivery
Mr. Bello Hassan, managing director/chief executive, Nigeria Deposit Insurance Corporation (NDIC), has said it is ready to partner the Bureau of Public Service Reforms (BPSR) towards enhancing…
- 8 Oct 2023
NDIC Pays 29,573 Depositors of Closed MFBs, PMBs
Mr Bello Hassan, managing director, Nigeria Deposit Insurance Corporation (NDIC), has said it has paid about N1.084 billion to 29,573 depositors of recently-closed microfinance banks and Primary…
- 8 Feb 2023
NDIC Reiterates Commitment to Protecting Mfbs Customers
Mr. Bello Hassan, the Managing Director/ Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), has said the corporation is working assiduously to ensure more Microfinance Banks…
- 12 Jun 2022
NDIC Says Banks Stable despite COVID-19 Challenges
Mr Bello Hassan, managing director/chief executive, Nigeria Deposit Insurance Corporation (NDIC), has said that Nigerian banks maintained stability despite challenges brought about by the COVID-19…
- 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…
- 5 Oct 2021
NDIC Warns Bank Customers to be Careful of Ponzi Schemes
The Nigeria Deposit Insurance Corporation (NDIC) has warned bank depositors against falling into Ponzi schemes’ traps due to promises of very high returns in. Mr. Bello Hassan, Managing Director (MD)…
- 12 Jul 2024
NDIC, EFCC Begin Investigation of Directors, Staff of Heritage Bank
Nigeria Deposit Insurance Corporation (NDIC) has said it will, in conjunction with law enforcement agencies, commence investigation of directors, managers and staff of the defunct Heritage Bank…
- 29 Nov 2022
Stakeholders Converge at the Maiden International Financial Inclusion Conference, Lead Conversations on Financial Inclusion
Nigeria, on 24th and 25th November 2022 hosted the largest convening of the global Financial Inclusion ecosystem since the launch of its National Financial Inclusion Strategy in 2012. L-R: Lai…
- 10 Oct 2016
NES22: Nigeria’s Real Sector Under Spotlight as Accenture Leads Discussion
As Nigerians, both in the public and private sector, turn their attention to the 2016 Nigerian Economic Summit, which is focused on achieving sustainable growth by promoting ‘Made-in-Nigeria’ goods…
- 25 Mar 2024
NDIC Reports 10 High-Profile Banking Infractions to EFCC
Nigeria Deposit Insurance Corporation (NDIC) said it has reported 10 high-profile banking infractions to the Economic and Financial Crimes Commission (EFCC) for investigations. The NDIC also said it…
- 29 Nov 2023
NDIC to Recover N400Bn Debts Owed Failed Banks
Nigeria Deposit Insurance Corporation (NDIC), is prepared to wield the big stick in its ongoing efforts to recover over N400 billion owed by debtors of failed banks which are now in liquidation,…
- 25 Apr 2024
NDIC Inaugurates Anti-Corruption and Transparency Unit
Nigeria Deposit Insurance Corporation (NDIC) has inaugurated an Anti-Corruption and Transparency Unit (ACTU) at its headquarters in Abuja. Speaking at the inauguration which was conducted by…
- 8 Sept 2021
NDIC Pays N118.71Bn to Bank Depositors — MD
Nigeria Deposit Insurance Corporation (NDIC) said it has paid N118.71 billion to both the insured and uninsured depositors of failed banks as of June this year. Bello Hassan, managing director/chief…
- 19 Nov 2021
Emefiele to Provide Economic Insight into 2022 @ the 56th Annual Bankers Dinner
The Chartered Institute of Bankers of Nigeria has concluded arrangement to host the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele at the 56th Annual Bankers Dinner on Friday,…
- 1 Mar 2024
Savannah Bank not Liquidated, Still Licensed - NDIC
Nigeria Deposit Insurance Corporation (NDIC), has said that Savannah Bank is not liquidated. It consequently urged depositors of the bank to keep their account documents, as their bank is still…
- 21 Aug 2013
Nigeria’s New Freight Rates on Import, Export Begins Oct. 1
Nigerian importers and exporters can now trade cheaper, as the Nigerian Shippers' Council (NSC) has assured its readiness to begin implementation of the reviewed three per cent levy collected by the…
- 29 Nov 2023
NDIC Mulls Increase of Insurance Coverage Payment to Depositors Of DMBs, MFBs, PMIs
Depositors of liquidated Deposit Money Banks ( DMBs), Primary Mortgage Institutions ( PMIs), and Microfinance Banks ( MFBs) are to, enjoy a new threshold of maximum deposit insurance coverage…
- 30 Sept 2024
BOI Urges FG to Boost Production to Achieve $1tn Economy
The Bank of Industry has emphasised that Nigeria must enhance its production capacity to achieve a one trillion-dollar economy by 2026. Isa Omagu, the Divisional Head of Services, BoI, stated this on…
- 8 Sept 2021
CIBN Urges Banks, Employees to Leverage Technology
The Chartered Institute of Bankers of Nigeria has urged banks and their employees to leverage technology more to deliver products and services to their customers. According to a statement by the…
- 2 May 2024
NDIC Increases Deposits Coverage Levels for Financial Institutions
The Nigeria Deposit Insurance Corporation (NDIC) Thursday announced increase in the maximum deposit insurance coverage levels for all licensed deposit-taking financial institutions with immediate…
- 8 Apr 2022
NDIC Deploys SCV to Fast-Track Depositors’ Reimbursement by MFBs
Nigeria Deposit Insurance Corporation (NDIC) said it has developed a Single Customer View (SCV) platform to be deployed to microfinance banks (MFBs) to eliminate delays often experienced in…
- 23 May 2023
Closed Banks: NDIC Assures Depositors of Prompt Payment
Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) whose licenses were revoked by the Central Bank of Nigeria (CBN)…
- 11 Oct 2021
Why EFCC is Pressing ahead with Directive to Bankers on Asset Declaration– Bawa
Abdulrasheed Bawa, chairman, Economic and Financial Crimes Commission (EFCC), has said that the anti-graft agency’s directive to bankers to declare their assets was not to witch-hunt them but to save…
- 20 Oct 2021
NDIC Begins Review of Deposit Premium Payment for Banks
Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of reviewing deposit insurance premiums for Nigerian banks. According to NDIC, the move is part of efforts to be able to…
- 21 Nov 2021
NCC Partners ABU, Zaria, on Copyright
The Nigerian Copyright Commission has indicated commitment to partnership with the Ahmadu Bello University, Zaria to boost copyright knowledge and development of creativity. Dr. John O. Asein,…
- 26 Mar 2018
UBA Identifies with Youth, Unveils 30 Campus Ambassadors
United Bank for Africa (UBA) Plc has launched the second edition of its Campus Ambassador Programme with the induction of 30 new brand ambassadors. The UBA Campus Ambassador Programme is an…
- 8 Dec 2014
MARAN Inaugurates New Executives
The Maritime Reporters’ Association of Nigeria (MARAN), has inaugurated its newly elected executives to pilot the affairs of the association for the next three years, with Ify Obi stepping-in as…
- 15 Jul 2016
Freight Forwarders Seek Participation During Customs Policy Formulation
CRFFN Accredited Freight Forwarding Associations representatives have risen from a crucial meeting with a call on the Nigeria Customs Service to always carry stakeholders along before implementing…