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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.

NDIC partners Korean counterpart on deposit insurance systems

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.

Insecurity, fraud clog financial inclusion stride

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.

Kano firm petitions CBN, NDIC over alleged N86 million scam

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.

NDIC: Banks’ profit up by 106% to N310 billion in 2018

The banking industry recorded 106 per cent increase in profitability to N310 billion in 2018 from N150 billion in 2017.

MTN appoints ex-minister, ex-revenue chief, ex-NBA president as board members

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.

NDIC begs Senate over speedy passage of amended Act

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.

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DSS: Only Omoyele Sowore’s sureties can effect his release

The Department of State Services has defended the continued detention of Omoyele Sowore, convener of the #RevolutionNow protests.

Brexit: Boris Johnson will probably win this election – Nigel Farage

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.
Enoch Adeboye

Pastor Adeboye donates dialysis machine to UCH Ibadan

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.

Court adjourns Senator Suswam’s fraud trial till November 26

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.