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NDIC Justifies Upwards Review of Deposit Insurance Coverage Level

By Tony Obiechina In most countries, banks are the most important financial institutions for intermediating between savers and borrowers, assessing risks, executing monetary policy, and providing payment services. At the same time, the configuration of their portfolios makes them especially vulnerable to illiquidity and insolvency. In particular, by law, bank deposits have to be repaid ....

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NDIC raises DMBs', MFBs' insurance cover for depositors to N5m, N2m – The Sun Nigeria

NDIC raises DMBs', MFBs' insurance cover for depositors to N5m, N2m – The Sun Nigeria
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Amid Inflation, Naira Depreciation, Others, NDIC Reviews Deposits Coverage for Financial Institutions

Amid Inflation, Naira Depreciation, Others, NDIC Reviews Deposits Coverage for Financial Institutions
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NDIC Increases Depositors Insurance Cover From N500,000 To N5m

NDIC Increases Depositors Insurance Cover From N500,000 To N5m
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Abiru Calls For Patience With CBN Over Forex Policies

The chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Tokunbo Abiru, has urged Nigerians to be patient with the ....

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