NDIC Raises Deposit Cover, Fully Protects 99% of Depositors
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has announced that nearly 99 per cent of bank depositors in the country are now fully protected following a significant increase in deposit insurance coverage aimed at strengthening confidence in the banking sector. The Managing Director and Chief Executive Officer of the NDIC, Thompson Oludare Sunday, […]
NDIC Boosts Deposit Funds to Protect Depositors
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) says it is intensifying efforts to strengthen its Deposit Insurance Funds (DIFs) as part of measures to safeguard Nigeria’s financial system and protect bank depositors. The Managing Director and Chief Executive of the NDIC, Thompson Sunday, disclosed this during a courtesy visit to the Director-General of […]