Get the latest NDIC News, get updates on new policies, changes in regulations, reports on the performance of the Nigerian banking sector, and other news related to the NDIC’s mandate to protect depositors and promote stability in the Nigerian financial system.
LATEST NDIC NEWS
- by Sadiq SadiqPRESS RELEASE . NDIC AND EFCC TO FURTHER STRENGTHEN COLLABORATION TO ENHANCE ASSET RECOVERY AND PROSECUTION OF BANK FAILURE OFFENCES The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to strengthening collaboration with the Economic and Financial Crimes Commission (EFCC) to enhance the recovery of failed banks’ assets and debts as well as the…
- by Sadiq SadiqHERITAGE BANK (IN LIQUIDATION): NDIC DECLARES ₦24.3 BILLION SECOND LIQUIDATION DIVIDEND TO DEPOSITORS WITH BALANCES ABOVE THE STATUTORY INSURED LIMIT OF ₦5 MILLION AT DATE OF CLOSURE Following the revocation of the banking license of Heritage Bank Limited by the Central Bank of Nigeria (CBN) on June 3, 2024, the Nigeria Deposit Insurance Corporation (NDIC)…
- by Sadiq SadiqPRESS RELEASE NDIC REAFFIRMS COMPLIANCE WITH FISCAL, FINANCIAL REGULATIONS TO STRENGTHEN DEPOSITOR PROTECTION . The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday, has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC…
- by Sadiq SadiqPRESS RELEASE DEPOSITORS’ REIMBURSEMENT TO RECEIVE MAJOR BOOST AS NDIC, NIBSS SET TO SIGN MOU The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-Bank Settlement System (NIBSS) Plc. are set to sign a Memorandum of Understanding (MoU) aimed at ensuring a more efficient process of reimbursement of depositors in the event of bank failure.…
- by Sadiq Sadiq. NOTICE TO DEPOSITORS OF ASO SAVINGS AND LOANS PLC AND UNION HOMES SAVINGS AND LOANS PLC (IN-LIQUIDATION) Following the revocation of the licenses of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc by the Central Bank of Nigeria (CBN) on December 15, 2025, the Nigeria Deposit Insurance Corporation (NDIC) was…