For Nigeria, the Nigeria Deposit Insurance Corporation (NDIC) plays a pivotal role in mitigating risks and ensuring financial system stability. It is within this context that the imperative for a Risk ...

Experts say financial illiteracy, lax regulations, greed, economic hardship make people susceptible to scam companies.

The Nigeria Deposit Insurance Corporation (NDIC) has called for the participation of stakeholders in the financial services industry, policymakers, and the general public by providing feedback on ...

Kindly share this postNigeria Deposit Insurance Corporation (NDIC) has called for comments from financial services industry stakeholders in the country, policy makers and the general public towards ...

The Nigeria Deposit Insurance Corporation (NDIC) has urged stakeholders in the financial services sector, policymakers, and the general public to provide feedback on the newly revised Core Principles ...

MMM logo used to illustrate the picture. The 2016 MMM Ponzi scheme left Nigerians with an estimated N18 billion losses, according to a rough estimate by the Nigerian Deposit Insurance Corporation ...

Heritage Bank’s operating license was revoked in June 2024, and the Nigeria Deposit Insurance Corporation took over its assets to liquidate and settle depositors.

Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market. The Nigeria Deposit Insurance Corporation (NDIC) said depositors with balances ...

On Tuesday, the anti-Bitcoin U.S. Federal Deposit Insurance Corporation (FDIC) Chairman, Martin Gruenberg, announced he’d be stepping down in January. And yesterday, Heritage Falodun, CEO of DigiOats, ...

FDIC insurance covers up to $250,000 on individual deposit accounts in the event that the bank fails. That’s why many people prefer to keep their bank account balances under $250,000.

has been cited by the following article: TITLE: Cybersecurity Challenge in Nigeria Deposit Money Banks AUTHORS: Godwin Agwu Ndukwe Ama, Chibunna Onyebuchi Onwubiko, Henry Arinze Nwankwo KEYWORDS: ...

The Federal Deposit Insurance Corporation (FDIC) ensures the safety of cash deposited in insured banks, providing a protection of up to $250,000 per account in the case of a bank failure.