Home Topics NDIC

NDIC

HURIWA: Suspension of NBET boss illegal

The Human Rights Writers Association of Nigeria (HURIWA) has declared the Minister of Power, Saleh Mamman, does not have power under the laws to suspend the Managing Director of the Nigeria Bulk Electricity Trading (Plc), Dr. Marilyn Amobi.

NDIC warns operators against disclosing customers’ financial data, status

The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission.

Central bank: 40 per cent of foreign credits in Nigeria’s economy dangerous

The Central Bank of Nigeria (CBN) has revealed that 40 per cent of the total credits available in the economy, especially in the capital and money markets are from foreign holdings.

Central bank moves to tackle bank debtors

The Central Bank of Nigeria (CBN) said on Tuesday that it has put in place new policy initiatives and strategies to ensure that bank debtors no longer escape from sanctions.

Central bank expects 2.38% GDP growth by Q4

The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year.

Umaru Ibrahim: NDIC to reposition agric sector

Managing Director of the Nigerian Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has said the corporation is determined to reposition the nation’s agricultural sector as a critical pillar and driver of the economy.
The Speaker of the House of Representatives, Femi Gbajabiamila, has called for an improved welfare package for teachers in Nigerian as they join their colleagues globally to mark this year’s World Teachers’ Day. 3

Budget defence: House of Reps accuses NDIC boss of flouting presidential directive

The House of Representatives has refused to consider the 2020 budget estimates of Nigerian Deposit Insurance Corporation (NDIC).

NDIC paid N100 billion liquidation dividends in 30 years – chief

The Nigeria Deposit Insurance Corporation has said it has paid over N100bn as liquidation dividends to depositors of closed Deposit Money Banks in the last 30 years. It said the amount was in excess of the insured deposits.
Umaru Ibrahim Kurfi

NDIC has zero tolerance for corruption – chief

The Nigeria Deposit Insurance Corporation (NDIC) says it has zero tolerance for corruption and all forms of malpractices within the Corporation and in the implementation of its mandate.

FEC approves N5.72 billion for NDIC projects, 12 consultancy services

The Federal Executive Council (FEC) has approved N5.72 billion for the construction of Nigeria Deposit Insurance Corporation’s (NDIC) zonal office in Bauchi and for 12 consultancy services for development of NDIC’s offices.

Minister: Arik Air not suitable for national carrier

The Federal Government on Wednesday dismissed calls that Arik Air be converted into a national carrier rather than establishing a new one.

NDIC to adopt cost-effective bank failure resolution method

The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of its drive to adopt cost effective method of bank failure resolution to protect depositors.
National Assembly

Senator Lawan: National Assembly to give accelerated hearing to NDIC Act

The National Assembly will give an ‘accelerated hearing’ to the Nigeria Deposit Insurance Corporation (NDIC) amendment act, Senate President Ahmed Lawan has said.

NDIC: Savannah Bank remains licensed to operate

The Nigeria Deposit Insurance Corporation (NDIC) has insisted that the defunct Savannah Bank remains a bank with operational licence even though it is currently not in operation.
The Vice President, Prof. Yemi Osinbajo, on Saturday reiterated the commitment of the Federal Government towards free and compulsory education of the first nine years of a child school life across the country.

VP Osinbajo charges NDIC to invest in ICT, research

Vice President, Prof Yemi Osinbajo, on Monday charged the management of the Nigeria Deposit Insurance Corporation (NDIC) to invest massively in Information and Communication Technology and research for smarter regulatory duties as demanded in the 21st century.
President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Senator Lawan: NDIC Act will receive accelerated action

Senate President Ahmad Lawan has assured that the bill to amend the Nigeria Deposit Insurance Corporation (NDIC) Act will receive an accelerated hearing to ensure efficiency in the banking system.

NDIC pays N116 billion liquidation dividends

The Nigeria Deposit Insurance Corporation (NDIC), has paid depositors, creditors and shareholders of failed banks the sum of N 116.258 billion as Liquidation Dividends.

NDIC starts payment to depositors of 154 failed MFBs

The Nigeria Deposit Insurance Corporation said it had commenced payment to depositors of 154 Micro Finance Banks that the Central Bank of Nigeria revoked their licences in 2018 due to insolvency.

Recent Stories

Supreme Court of Nigeria

Imo guber: Full text of Supreme Court’s judgement

The 1st appellant and the 1st respondent were candidates of the 2nd Appellant (APC) and the 2nd respondent (PDP) respectively in the Governorship Election conducted in Imo State on 8th March, 2019 along with 68 other candidates. The 1st respondent was returned as the winner of the election.
Jelani Maraj, the brother of rapper Nicki Minaj was on Monday sentenced to 25 years to life in prison for sexually assaulting an 11-year-old girl at his Long Island home.

Nicki Minaj’s brother sentenced to life in prison for rape

Jelani Maraj, the brother of rapper Nicki Minaj was on Monday sentenced to 25 years to life in prison for sexually assaulting an 11-year-old girl at his Long Island home.
Medical staff transfer patients to Jin Yintan hospital in Wuhan. China has confirmed that the deadly Wuhan coronavirus virus can be transmitted between humans, with medical workers currently among the infected. Getty

Germany records first case of coronavirus

Health authorities say the man who contracted the virus is from the state of Bavaria. It is the first known instance outside of China of the disease-transmitting between unrelated persons.

Central bank mobilises 140,848 tomato farmers for anchor borrowers programme

The Central Bank of Nigeria (CBN) has mobilised and validated 140,848 tomato farmers for the Anchor Borrowers Programme.
New Arsenal manager Mikel Arteta believes that he can win the fans of the biggest football club in England back onside after a difficult few months, as he aims to recapture the halcyon days of Arsene Wenger.

Mikel Arteta opens up on Arsenal’s transfer plans after Pablo Mari delay

Mikel Arteta has confirmed Arsenal are still in the market to sign a new defender as the Gunners look to complete a deal for Flamengo’s centre-back Pablo Mari.