Abuja, July 28, 2025 — The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has charged the newly inaugurated management team of the Nigeria Deposit Insurance Corporation (NDIC) to deploy their wealth of experience in steering the agency toward improved efficiency, stability, and public trust in the financial system. Speaking during
ABUJA – The Chairman of the Senate Committee on Banking, Insurance, and Other Financial Institutions, Senator Adetokunbo Abiru, on Wednesday, June 26, 2025, received the official presentation of two presidential nominees for key leadership positions in the Nigeria Deposit Insurance Corporation (NDIC). The nominees, one for the role of Managing Director and the other for
The Nigeria Deposit Insurance Corporation (NDIC) has called on financial sector stakeholders, policymakers, and the general public to actively participate in the ongoing review of the International Association of Deposit Insurers (IADI) Core Principles for Effective Deposit Insurance Systems. The Corporation emphasized that this review process is vital to strengthening the resilience and relevance of
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of ₦46.6 billion as the first phase of liquidation dividends to depositors of the defunct Heritage Bank. The payout, which started on Friday, targets depositors whose balances exceeded the insured limit of ₦5 million. This move comes following the revocation of Heritage Bank’s operating license
