NDIC Seeks Exemption from 50% Cost-to-Income Policy
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) says it is seeking an exemption from the Federal Government’s 50 per cent cost-to-income ratio policy. The NDIC cited its impact on the Corporation’s ability to build a strong Deposit Insurance Fund and respond effectively to bank failures. The Managing Director and Chief Executive of NDIC, […]
NDIC’s New Management Vows to Protect Depositors, Strengthen System Stability
By Oluwakemi Kindness The newly inaugurated leadership of the Nigeria Deposit Insurance Corporation (NDIC) has pledged to carry out its responsibilities effectively in line with the agency’s mandate to protect depositors and contribute to financial system stability. The newly appointed Managing Director and Chief Executive Officer of the NDIC, Thompson Sunday, gave the assurance in […]