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Deposits

NDIC increases maximum deposit insurance coverage for failed banks

2024-05-02
By: Gambo Jagindi
On: May 2, 2024
In: Economy & Business

By Aluta News May 2, 2024 The Nigeria Deposit Insurance Corporation (NDIC), has reviewed upward the maximum deposit insurance coverage for depositors of all licenced deposit taking financial institutions in event of bank failure.The News Agency of Nigeria (NAN) reports that deposit insurance is the government’s guarantee that an accountContinue Reading

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