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Politics

Reps probe FIRS, CAC, NDIC over alleged job racketeering, extra-budgetary expenditures

The House of Representatives has resolved to beam its searchlights on the Federal Inland Revenue Service (FIRS), Corporate Affairs Commission (CAC), and Nigeria Deposit...
Business

NDIC Switches From Remita To NIBBS For Defunct Heritage Banks Customers’ Settlement

The Nigeria Deposit Insurance Corporation (NDIC) has announced the adoption of the Nigeria Inter-Bank Settlement System (NIBSS) for payment of insured depositors of the...
Business

Why 17.64% Heritage Bank depositors haven’t been paid – NDIC

The Nigeria Deposit Insurance Corporation (NDIC) on Sunday explained why the 17.64% of the insured depositors of defunct Heritage Bank have not been paid.In a...
Business

NDIC promises payment of Heritage Bank’s customers’ insured deposits in one week

The Managing Director of the Nigerian Deposit Insurance Corporation (NDIC), Bello Hassan, said on Wednesday depositors of collapsed Heritage Bank Plc would receive their...
Business

JUST IN: NDIC Vows To Recover N700bn Loan Owed Heritage Bank

The Nigerian Deposit Insurance Corporation on Wednesday said it would go after debtors of Heritage Bank owing the bank about N700bn.The Managing Director of...
Business

What CBN’s Revocation Of Heritage Bank’s License Mean For Depositors

The Central Bank of Nigeria (CBN) on Monday took a significant step to ensure stability in the banking sector by revoking the license of...
Business

NDIC to pay N5m insured deposits to Heritage Bank customers

Following the revocation of the license of Heritage Bank by the Central Bank of Nigeria (CBN) on Monday, the Nigerian Deposit Insurance Corporation (NDIC)...
News

BREAKING: CBN Revokes Banking License Of Heritage Bank Plc

…Says Heritage Bank Has No Reasonable Prospects Of RecoveryThe Central Bank of Nigeria (CBN), on Monday revoked the licence of Heritage Bank Plc with...
Business

UPDATED: Depositors Of Failed Banks To Get More As NDIC Increases Deposit Insurance Coverage From N500,000 To N5m

The Nigerian Insurance Deposit Corporation on Thursday announced an increase in the maximum deposit insurance coverage for Deposit Money Banks from N500,000 to N5m.Deposit...
Business

NDIC increases deposit insurance coverage for bank customers to N5m

The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage levels across various banking sectors.For Deposit Money Banks (DMBs), the maximum...
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