The Nigeria Deposit and Insurance Corporation (NDIC) has reviewed the maximum deposit insurance coverage for deposit money banks (DMBs) from N500,000 to N5,000,000 and this would provide full coverage of 98.98 per cent of the total depositors compared with the current cover of 89.20 per cent. The Managing Director, Mr Bello Hassan, disclosed this in
Ndic Increases Commercial Banks' Deposit Insurance Coverage To N5m
14 Days(s) Ago 👁 46
Recommended For You