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 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…
- by mgbemenacuThe MD/CE of the NDIC, Mr. Thompson Oludare Sunday, has called on the Nigerian Institution of Estate Surveyors & Valuers (NIESV) to strengthen strategic collaboration with the Corporation as the NDIC relies on NIESV members for accurate and credible valuation of assets of failed banks, which is critical for effective liquidation and payment of depositors.…
- by mgbemenacuNIGERIA DEPOSIT INSURANCE CORPORATION Plot 447/448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng, Website: www.ndic.gov.ng Our Laws Now Stronger, More Effective to Prosecute Parties at Fault in Bank Failure – NDIC Boss The Managing Director/Chief Executive (MD/CE) of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday, […]