NDIC Raises Deposit Cover, Fully Protects 99% of Depositors

A Nigerian bank customer conducts a transaction as the NDIC announces expanded deposit insurance coverage for 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, […]

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