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Aim To Boost Public Confidence - MD..Welcome Development- Uwaleke By Tony Obiechina, Abuja In its determination to enhance depositors’ protection and public confidence, the Nigerian Insurance Deposit Corporation (NDIC) on Thursday raised the maximum deposit insurance coverage for Deposit Money Banks from N500,000 to N5m. The Managing Director of NDIC, Mr Hassan Bello who
May 2, (THEWILL) - The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage of all deposit-taking financial institutions in the country. In a statement on Thursday, NDIC Managing Director, Hassan Bello, said the maximum deposit insurance coverage of Deposit Money Banks (DMBs) has been increased from N500,000 to N5 million, which
Maritime experts have said that Nigeria is losing a sum of $9.2bn annually to foreign shipping lines that are handling cargo that a national fleet is supposed to handle.