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, […]
Nigeria Launches Fund to Protect Insurance Customers
By Oluwakemi Kindness Millions of Nigerian insurance policyholders are set to benefit from a new protection fund designed to ensure they are not left stranded if insurers fail. The development on friday followed the inauguration of the Insurance Policyholders Protection Fund (IPPF) Committee. The IPPF is a statutory initiative under Nigeria’s insurance reform framework aimed […]
CBN Raises Alarm Over Digital Scams Targeting Nigerians
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has raised the alarm over the circulation of fraudulent messages, emails, and online communications falsely claiming to originate from or be associated with the Bank, warning that the activities are aimed at misleading the public and compromising personal security. The Bank said the fake messages often […]