BREAKING: NDIC increases deposit insurance coverage for banks, others

The Nigeria Deposit Insurance Corporation (NDIC) has increased deposit insurance coverage for all licensed deposit-taking financial institutions. NDIC Managing Director/Chief Executive Bello Hassan announced this at briefing in Abuja. He said the increment applies to Deposit Money Banks (DMBs), Microfinance Banks (MFBs), Primary Mortgage Banks (PMBs), Payment Service Banks (PSBs) and Mobile Money Operators (MMOs). […]