Deposits – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 04 Oct 2025 10:08:04 +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 Deposits – InfoStride News https://www.theinfostride.com 32 32 NDIC Says 99% of Deposits in Commercial Banks Are Fully Insured https://www.theinfostride.com/ndic-says-99-of-deposits-in-commercial-banks-are-fully-insured/ https://www.theinfostride.com/ndic-says-99-of-deposits-in-commercial-banks-are-fully-insured/#respond Sat, 04 Oct 2025 10:08:04 +0000 https://www.theinfostride.com/?p=468245 The Nigeria Deposit Insurance Corporation (NDIC) has announced that nearly all depositors in Nigeria’s commercial banks are now fully protected under its expanded deposit insurance scheme. The Managing Director of the Corporation, Mr. Thompson Sunday, disclosed that about 98.98 percent of depositors in commercial banks are covered, marking a significant milestone in efforts to strengthen [...]

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]]> https://www.theinfostride.com/ndic-says-99-of-deposits-in-commercial-banks-are-fully-insured/feed/ 0 Banks’ Deposits with CBN Surge by 783%, Hit ₦79.8 Trillion https://www.theinfostride.com/banks-deposits-with-cbn-surge-by-783-hit-%e2%82%a679-8-trillion/ https://www.theinfostride.com/banks-deposits-with-cbn-surge-by-783-hit-%e2%82%a679-8-trillion/#respond Sat, 02 Aug 2025 07:46:35 +0000 https://www.theinfostride.com/?p=463777 Banks’ deposits with the Central Bank of Nigeria (CBN) have skyrocketed by 783 percent year-on-year, rising to a record ₦79.8 trillion as of June 2025, compared to ₦9.04 trillion in the same period of 2024. This sharp increase signals a growing trend in liquidity management and reserve placement among commercial banks, especially amidst recent monetary [...]

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