Archive: January, 2016

26

Jan2016
The Fiscal Responsibility Commission (FRC) has commended the Management of Nigeria Deposit Insurance Corporation (NDIC) for compliance with the submission of its audited financial statements of 2007- 2014 and prompt payment of operating surplus. This commendation was contained in a letter dated December 14, 2015 and signed by the FRC Acting ... Read More

18

Jan2016
Following the introduction of mobile banking in Nigeria by the Central Bank of Nigeria (CBN) which issued operating licences to many deposit money banks (DMBs) and telecommunication companies to provide mobile banking services, the Nigeria Deposit Insurance Corporation (NDIC) has released deposit insurance guidelines on the mobile payments ... Read More

12

Jan2016
Following the successful take off of the non interest banking in Nigeria that is currently being undertaken by Ja’iz Bank and also by Stanbic IBTC and Sterling Banks, the Nigeria Deposit Insurance Corporation (NDIC) has found it necessary to develop a framework for insuring their deposit liabilities which ... Read More

08

Jan2016
Published On: Tue, Jan 5th, 2016 By BASHIR IBRAHIM HASSAN The re-appointment of Mr. Umaru Ibrahim as the Managing Director of the Nigeria Deposit Insurance Corporation (NDIC) for a second consecutive five-year term could hardly have come to many keen observers of the financial sector of ... Read More

07

Jan2016
By Hamisu Muhammad | Publish Date: Jan 5 2016 6:08AM | Updated Date: Jan 5 2016 6:09AM President Muhammadu Buhari has re-appointed Umaru Ibrahim as the Managing Director/ Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC) for tenure of five years.A source said Ibrahim received the ... Read More

07

Jan2016
The emergence of the non-interest banking model in the global financial landscape and its acceptance worldwide as a veritable tool for financial intermediation as well as its proven resilience during the 2007/2008 economic meltdown, paved the way for the introduction of non-interest banking in Nigeria. A Non-Interest Bank ... Read More