By Adedapo Adesanya The Nigeria Deposit Insurance Corporation (NDIC) has raised the maximum deposit insurance coverage for depositors of all licenced Deposit Money Banks (DMBs) in the event of bank failure by 900 per cent from N500,000 to N5 million. Deposit insurance is the government’s guarantee that an account holder’s money at an insured bank… Continue reading NDIC Increases Deposit Insurance Coverage for Banks
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