How can the Public find out if a Financial Institution is insured by the NDIC?
To identify insured financial institutions, look
out for an NDIC decal (sticker) displayed in the Head Offices and Branches of
all insured institutions or call our HELP DESK LINE – 0800-6342-4357
(0800 – NDIC - HELP); and 234-9-4601030 or visit our website: www.ndic.gov.ng
Related Articles
Is NDIC granting any financial assistance to my bank during crisis?
Yes. The NDIC Act 2023 empowers the Corporation under sections 49 - 50 to provide financial and technical assistance to eligible insured financial institutions in the interest of depositors, in case of imminent or actual financial difficulties ...
What type of Deposits are Insured by the NDIC?
Not all deposits in insured institutions are covered by the NDIC. All deposits of a licenced bank or any other insured deposit-taking financial institution shall be insured with the NDIC with the exception of the following: i.Inter-bank takings; ...
What is NDIC doing in Promoting Financial Literacy?
The NDIC publishes and distributes books on deposit insurance and banking to enlighten the public. Recently, a book on basic knowledge on banking and deposit insurance was distributed to all secondary schools nationwide with the aim of catching them ...
What is NDIC doing in Promoting Financial Literacy?
The NDIC publishes and distributes books on deposit insurance and banking to enlighten the public. Recently, a book on basic knowledge on banking and deposit insurance was distributed to all secondary schools nationwide with the aim of catching them ...
Which Financial Institutions are not covered by the NDIC?
The financial institutions not covered by the NDIC include: a. Development Finance Institutions such as Bank of Industry, Federal Mortgage Bank, Bank of Agriculture and Infrastructure Bank b. Discount Houses c. Finance Companies d. Investment Firms ...