Deposit – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Mon, 11 Dec 2023 09:23:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Deposit – InfoStride News https://www.theinfostride.com 32 32 NDIC Set to Disburse N16.18 Billion Liquidation Dividend to Depositors of 20 Failed Banks https://www.theinfostride.com/ndic-set-to-disburse-n16-18-billion-liquidation-dividend-to-depositors-of-20-failed-banks/ https://www.theinfostride.com/ndic-set-to-disburse-n16-18-billion-liquidation-dividend-to-depositors-of-20-failed-banks/#respond Mon, 11 Dec 2023 09:23:28 +0000 https://www.theinfostride.com/?p=363887 In a recent announcement, the Nigeria Deposit Insurance Corporation (NDIC) has expressed its preparedness to initiate full liquidation dividend payments amounting to N16.18 billion for depositors affected by the closure of 20 failed banks. This disclosure was made by Mr. Bello Hassan, the Managing Director of NDIC, during the NDIC Day at the 44th Kano [...]

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]]> https://www.theinfostride.com/ndic-set-to-disburse-n16-18-billion-liquidation-dividend-to-depositors-of-20-failed-banks/feed/ 0 Over 97% of depositors at deposit money banks are covered by the NDIC https://www.theinfostride.com/over-97-of-depositors-at-deposit-money-banks-are-covered-by-the-ndic/ https://www.theinfostride.com/over-97-of-depositors-at-deposit-money-banks-are-covered-by-the-ndic/#respond Mon, 22 Nov 2021 22:34:15 +0000 https://www.theinfostride.com/?p=313360 The Nigeria Deposit Insurance Corporation (NDIC) established that over 97% of depositors at deposit money banks (DMBs) in the country would be completely protected by the N500,000 Maximum Insured Limit. The Managing Director/ Chief Executive Officer of the Nigeria Deposit Insurance Corporation, NDIC, Mr Bello Hassan stated this during the 2021 Finance Correspondents and Business [...]

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]]> https://www.theinfostride.com/over-97-of-depositors-at-deposit-money-banks-are-covered-by-the-ndic/feed/ 0 CBN Disburses Funds To States To Pay Backlog of Owed Workers’ Aalaries | #Nigeria https://www.theinfostride.com/cbn-disburses-funds-to-states-to-pay-owed-workers-nigeria/ Wed, 26 Aug 2015 21:30:06 +0000 http://www.theinfostride.com/2015/08/cbn-disburses-funds-to-states-to-pay-owed-workers-nigeria/ The Central Bank of Nigeria (CBN) has approved the request by Deposit Money Banks (DMBs) to provide financial accommodation to State Governments to enable them pay the backlog of salaries of their workers. This came following the decision by the National Executive Council (NEC) at its meeting of 29th June, 2015 requesting the CBN, in [...]

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