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The House of Representatives has refused to consider the 2020 budget estimates of Nigerian Deposit Insurance Corporation (NDIC).
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.
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.
The Federal Government on Wednesday dismissed calls that Arik Air be converted into a national carrier rather than establishing a new one.
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of its drive to adopt cost effective method of bank failure resolution to protect depositors.
The National Assembly will give an ‘accelerated hearing’ to the Nigeria Deposit Insurance Corporation (NDIC) amendment act, Senate President Ahmed Lawan has said.
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.
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.
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.
The Nigeria Deposit Insurance Corporation (NDIC) in has signed a Memorandum of Understanding (MOU) with the Korea Deposit Insurance Corporation (KDIC) on a wide range of issues aimed at boosting the implementation of the Deposit Insurance System in their respective jurisdictions.
As fiscal and monetary authorities collaborate to ensure that Nigerians keep up the 63.6 per cent financial inclusion stride with the aim of attaining the set target of 20 per cent exclusion rate by 2020, the frightening series of bank robberies and frauds in the system may have put a lid on the agenda.
A Kano-based firm, Triple C Motors Nigeria Limited, has written a petition to the Central Bank of Nigeria (CBN), and the Nigerian Deposit Insurance Corporation (NDIC), demanding payment of N86 million for the supply of seven vehicles to Fidelity Bank Plc.
The banking industry recorded 106 per cent increase in profitability to N310 billion in 2018 from N150 billion in 2017.
Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors.
The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the 9th Senate for the speedy passage of the pending NDIC Act, 2006 (as amended) currently before the National Assembly.
The Department of State Services has defended the continued detention of Omoyele Sowore, convener of the #RevolutionNow protests.
British Prime Minister Boris Johnson will probably win the Dec. 12 election with a small majority but the campaign has so far been uninspiring with a host of unrealistic promises on both sides, Brexit Party leader Nigel Farage said on Tuesday.
As the University College Hospital, Ibadan marked its 62nd founder’s day yesterday, the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye donated a dialysis machine worth N10m to help patients with kidney problems across the country.
Justice Okon Abang of the Federal High Court, Abuja, on Tuesday, adjourned the fraud trial of former Benue State Governor, Gabriel Suswam, till November 25 and 26.
Bayelsa guber: Governor Dickson tenders ‘video evidence’ of electoral fraud, violence in Nembe, Ogbia,...
Governor Seriake Dickson has tendered a video evidence in support of the killings and election violence that characterised the conduct of last Saturday’s governorship election in Nembe local government area and some other parts of the state.
The Founder and Spiritual Leader of Liberation Temple of the Absolute God, Ramas Azuzu, has predicted that the candidate of the All Progressives Congress, APC, Yahaya Bello, would be declared the winner of the Saturday’s governorship election in Kogi State.
The presidential candidate of the Peoples Democratic Party (PDP) in the 2019 general elections, Atiku Abubakar, has said that the bill being conceived by the National Assembly to tackle hate speeches and other social media related contents is an abuse of legislative process.
The Independent National Electoral Commission (INEC) says the All Progressives Congress (APC) will participate in the Bayelsa governorship election.
The candidate of the Peoples Democratic Party (PDP) in the Kogi West Senatorial District rerun election Dino Melaye has rejected results announced from the election thus far.
South African Airways on Saturday started mediated talks with unions, one day after its workers launched an open-ended strike that forced the embattled airline to ground hundreds of flights.