Category: Banking,
NDIC Increases Deposit Insurance Protection for Banks
In a move aimed at bolstering financial security and providing greater protection for depositors, the Nigeria Deposit Insurance Corporation (NDIC) has announced significant enhancements to the maximum deposit insurance coverage for Deposit Money Banks (DMBs), Microfinance Banks (MFBs), and Primary Mortgage Banks (PMBs). During a press briefing in Abuja on Thursday, Mr. Bello Hassan, the…