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 young.
The NDIC also undertook a study on financial literacy, the
report of which was published in book form in order to facilitate readership
within the banking public and to assist stakeholders address the challenges of
financial literacy.
Related Articles
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 ...
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 ...
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 ...
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 ...
How does NDIC promote Sustainable Banking?
The NDIC plays two roles in terms of the implementation of sustainable banking. First as a member of the Bankers' Committee, it is duty bound to implement the agreements of the committee. Secondly, as a supervisor in the banking industry, the NDIC ...