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Deposit Insurance Newsletter
  • Nigeria’s Deposit Insurance Funds Currently Over N2 Trillion – NDIC 03 May 2024 12:40 GMT

    … s Deposit Insurance Fund has exceeded N2 trillion, enabling the Nigeria Deposit Insurance Corporation … consists of balances from four deposit insurance funds maintained by NDIC, which … NDIC has increased the maximum deposit insurance coverage for DMBs from …

  • Ndic Increases Bank Deposit Insurance Coverage To N5m 03 May 2024 10:36 GMT

    … the increase of the maximum deposit insurance coverage for deposit money banks … three increase in the maximum deposit insurance coverage levels for all licensed … system, Bello said the revised deposit insurance coverage has balanced the NDIC …

  • NDIC jerks deposit insurance cover for banks to N5m, MFBs N2m 03 May 2024 08:10 GMT

    … said that Microfinance Banks (MFBs):  deposit insurance coverage has been from N200 …  maximum deposit coverage pass-through deposit insurance coverage from N500, 000 to … . These adjustments to the maximum deposit insurance coverage reflect our dedication to …

  • NDIC increases deposit insurance coverage for depositors 03 May 2024 04:37 GMT

    … Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in deposit insurance … , stating that, “by increasing deposit insurance coverage, we are ensuring that … will enjoy maximum Pass-through deposit insurance coverage of N5,000, …

  • NDIC raises maximum bank deposit insurance coverage to N5m 03 May 2024 03:17 GMT

    … The Nigeria Deposit Insurance Corporation (NDIC) has raised the maximum deposit insurance coverage … fully insured under the maximum deposit insurance coverage levels across the … emphasised that the revised deposit insurance coverage has balanced the NDIC …

  • NDIC increases banks deposit insurance coverage 02 May 2024 15:30 GMT

    … Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage levels … of the updated maximum deposit insurance coverage is backed by … , including balances in different Deposit Insurance Funds (DIFs), projected annual …

  • NDIC increases deposit insurance coverage to safeguard depositors 02 May 2024 15:23 GMT

    … Deposit Insurance Corporation (NDIC) has announced a substantial increase in deposit insurance … stating that, “by increasing deposit insurance coverage, we are ensuring that … unlicensed entities. The enhanced deposit insurance coverage levels take effect …

  • NDIC increases maximum deposit insurance coverage for failed banks 02 May 2024 15:18 GMT

    … Nigeria Deposit Insurance Corporation (NDIC), has reviewed upward the maximum deposit insurance coverage … of the revised maximum deposit insurance coverage would be supported … financial institutions. ”The revised deposit insurance coverage has balanced the …

  • BREAKING: NDIC Raises Deposit Insurance Coverage From N500,000 to N5m 02 May 2024 14:27 GMT

    … ) on Thursday raised the maximum deposit insurance coverage for Deposit Money Banks … stability of the financial system. Deposit insurance is the government’s guarantee … fully insured under the maximum deposit insurance coverage levels across different bank …

  • Deposit Insurance Corporation Raises Depositors’ Coverage For Banks From N500,00 02 May 2024 12:34 GMT

    … coverage has increased the maximum deposit insurance coverage of Deposit Money Banks … . “For Microfinance bank, the maximum deposit insurance coverage was increased from N200 … ): The increase of the maximum deposit insurance coverage from N500,000 to …

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