Depositors’ funds

We Secured N949bn Depositors’ Funds In Failed Skye Bank – NDIC

November 14, 2018November 14, 2018

BY COBHAM NSA, BENIN – The Nigeria Deposit Insurance Corporation (NDIC) says its timely intervention in the failed Skye Bank saved depositors from losing funds totaling about N949.6 billion in…

Banking and Finance Latest News

NDIC Assures Depositors, Explains Revocation of 154 MFBs, 6 PMBs’ Licences

November 7, 2018November 7, 2018

BY CHINYERE OBIORA, LAGOS – The Managing Director of Nigeria Deposit Insurance Corporation (NDIC) Alhaji Umaru Ibrahim says insolvency accounted for the revocation of operating licences issued to 154 Micro-finance…