Defunct Heritage Bank’s depositors with N5 million minimum balance have described as unacceptable the announcement by the Nigeria Deposit Insurance Corporation’s (NDIC) that they will receive ...

Bank deposit insurance is a foundational safety net designed to protect depositors—the primary providers of capital to banks. It plays a crucial role in maintaining public trust and ensuring ...

The Nigeria Deposit Insurance Corporation has announced that the first tranche of liquidation dividends for uninsured depositors of the defunct Heritage Bank will be declared in April 2025. The ...

Depositors of scam-hit New India Co-operative Bank met RBI-appointed advisors and senior officials of the apex bank, demanding a concrete roadmap for the bank's revival or merger and better ...

According to him, NDIC has a proven track record of managing bank failures effectively, having successfully declared full liquidation dividends to depositors of 20 previously failed banks. Hassan ...

The bill stipulates that gold and silver currency cannot be used for loans or investments and remain the depositor's property. The bill aims to be cost-neutral to the state's general fund.

The Managing Director/Chief Executive, Bello Hassan, who disclosed this on Wednesday at the NDIC's Special Day at the ongoing 36th Enugu International Trade Fair, explained that the corporation ...

The aggrieved depositors made the appeal in a petition to the legislature, saying their livelihoods and businesses are in distress due to non-payment of their money. According to them, despite ...

The Deposit Insurance Fund was established in the late 1990s following the collapse of Gulf Union Bank (Bahamas), which left many small local - as well as large - depositors exposed to life ...

Depositors in collapsed banks will receive compensation faster in proposed changes that seek to compel the Kenya Deposit Insurance Corporation (KDIC) to shorten the payout window after the ...

ENUGU, Nigeria – The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will pay a 100% liquidation dividend to depositors of 20 previously failed banks, marking a major ...