Nigerian Deposit Insurance Corporation (NDIC) Archives

Emefiele: Fintechs disrupting banking sector, CBN will continue to guide them

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says financial technology (fintech) companies are disrupting the banking sector. Emefiele said this on Tuesday at the International Association of

NDIC: We have enough money to pay depositors of distressed banks

The Nigerian Deposit Insurance Corporation(NDIC) says it will pay depositors whose monies are trapped in 23 distressed banks. Bello Hassan, the corporation’s managing director, made this known on Thursday at

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NDIC: 50 banks closed down because of loans taken by their directors

The Nigerian Deposit Insurance Corporation (NDIC) says 50 banks closed down between 1994 and 2011 because of loans taken by their directors. Adedayo Adeleke, director of bank examination department, NDIC,

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