Archive: November, 2019


1.0 PREAMBLE The Central Bank of Nigeria recently issued the Framework for the Licensing and Regulation of Payment Service banks (PSBs) and stipulated that Deposit Insurance Coverage be extended to all relevant depositors.   The Nigeria Deposit Insurance Corporation (NDIC) which has the mandate of Insuring Deposit liability of all licensed deposit taking financial ... Read More


PRESS RELEASE The Nigeria Deposit Insurance Corporation (NDIC) as a key component of the Nigerian financial safety-net arrangement, has zero tolerance for corruption and all forms of malpractices within the Corporation and in the implementation of its mandate and activities. NDIC’s Managing Director/Chief Executive, Umaru Ibrahim, represented by ... Read More