Nigeria Deposit Insurance Corporation

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https://ndic.gov.ng/

Last activity: 04.09.2026

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Categories: AgencyEventFinTechGovTechInsurTech

The Nigeria Deposit Insurance Corporation (NDIC) was established on 15 June 1988

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Followers

5.52K

Website visits

46.7K /mo.

Mentions

Overview

Location

Nigeria, Federal Capital Territory, Abuja

Employees

1001-5000

Phone

+234 800 6342 4357

Founded date

1989

Mentions in press and media 21

Date	Title	Description
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Apr 16, 2026	Nigeria: Experts Discuss AI Governance, Urge Nigerian Govt to Set Up Regulatory Body	Experts raised security concerns that Nigeria lacks AI-specific standards to address threats such as fraud, disinformation, data poisoning, and automated cybercrime. Nigeria still lacks a binding law governing the use of artificial intellig...
Jan 19, 2026	Nigeria: Why Technology-Enabled Banking Is a Multiplier for Nigeria's 2036 Goal	Nigeria is at a defining moment in 2026. After several years of bold macroeconomic adjustments, including foreign exchange unification and structural reforms, the country is moving from stabilization into expansion. With the Central Bank of...
Jan 15, 2026	Nigeria: Expert - Technology-Enabled Banking Will Boost Nigeria's Digital Transformation Goal	Emma Okonji Managing Director, FairMoney Microfinance Bank, Mr. Henry Obiekea, has stressed the need for technology enabled banking across all financial institutions in the country, insisting that the deployment of technology in financial s...
Jun 28, 2025	Digital Nomads: A 24-hour Lagos pharmacy chain makes a healthtech pivot	Three weeks ago, I was in Lekki, an upscale part of Lagos, for a weekend staycation. Sometime that Saturday, a dull headache crept in, the kind that makes you squint in sunlight and wish you had packed better. I stepped into the nearest pha...
Mar 31, 2025	Liquidation and Economic Struggles: A Tale of Two Giants	In the world of finance, two stories unfold: the liquidation of Heritage Bank and the struggles of MultiChoice Group. Both narratives reflect the harsh realities of economic turbulence, regulatory frameworks, and the relentless pursuit of s...
Mar 30, 2025	NDIC to pay first tranche of Heritage Bank liquidation dividends in April 2025	The Nigeria Deposit Insurance Corporation (NDIC) has announced that the first tranche of liquidation dividends for uninsured depositors of the defunct Heritage Bank will be paid in April 2025. This disclosure was made in a press statement r...
Feb 3, 2025	The Story of Ayuba Bello: How OPay's Scholarship Sustained a Family's Livelihood	When fintech meets philanthropy, it creates opportunities that change lives. For Ayuba, becoming a student at the prestigious Ahmadu Bello University, Zaria, was more than academic progress—it was the fulfillment of a cherished childhood dr...
Dec 12, 2024	The Digital Revolution: Nigeria's Leap Towards Financial Inclusion and Cloud Innovation	Nigeria stands at the crossroads of innovation and inclusion. Two recent milestones highlight this journey: OPay's recognition for financial inclusion and Huawei Cloud's launch of local cloud services. Both events signal a transformative wa...
Dec 10, 2024	CBN Awards OPay for Financial Inclusion Innovation	OPay, Nigeria's leading financial institution has been recognized with the prestigious IFIC Award for Financial Inclusion Innovation by the Central Bank of Nigeria (CBN). This award was presented at the 2024 International Financial Inclusio...
Nov 15, 2024	Multichoice Group Faces Financial Storm in Nigeria	The winds of change are howling through Nigeria’s financial landscape. Multichoice Group, the South African Pay-TV giant, has found itself caught in a tempest. The company recently announced a staggering write-off of N31.6 billion, equivale...
Nov 14, 2024	Multichoice Group writes off N31.6 billion in Nigeria’s liquidated Heritage Bank	The South African Pay-TV operator, Multichoice Group, said it has written off the N31.6 billion ($21 million) cash it had with the recently liquidated Heritage Bank. The Group disclosed this in its results for the six months ended September...
Mar 31, 2023	Notable male icons in the Nigerian banking sector you should know	The Nigerian banking industry is a leader in the continent’s financial sector. Total assets were pegged at N66.76 trillion ($151 billion) as of August 2022, a 19.13% from the same period in 2021. The banking sector provides almost 80,000 jo...
Oct 21, 2022	Meet the founder: Ahmed Umar on how his fintech platform addresses food security for Nigerians	“People can save for mobile phones or a wedding coming up and this is a behavioral thing,” says Ahmed Umar, co-founder at Nigerian agrifintech startup FoodInsure. “Why not create something that enables people to save strictly for food?” Thi...
Oct 13, 2022	Banks pay N62.4 billion as deposit insurance premium to the NDIC	--> --> Twelve Nigerian banks listed on the Nigerian Exchange (NGX) paid N62.41 billion to the Nigerian Deposit Insurance Corporation (NDIC) as deposit insurance premium in the first half of 2022, This represents a 15.4% increase comp...
Jan 11, 2022	Unchecked ambition, lax regulations: The genesis of predatory digital lenders in Nigeria	Ebuka Anyaeji thought he had seen it all, so when he first received a threat message about being a guarantor to a debtor on the run, he dismissed it as a joke, a message sent by an angry creditor to the wrong phone number. But the messages ...
Nov 8, 2021	FITC celebrates 40th anniversary, leading the knowledge solution industry through technology and innovation	--> --> Since its establishment 40 years ago, FITC, the world-class innovation-led and technology-driven knowledge institute has been delivering on its mandate of developing and building the capabilities of resources in the financial ...
Nov 3, 2020	How former OKash CEO wants to tackle fraudsters and chronic debtors in Nigeria	Share this article: The lack of a central database to identify repeat offenders is probably a bigger problem than the menace of financial fraud in Nigeria. Companies rarely publicise cases of fraud and cyberattacks, and the numbers from ind...
Sep 10, 2019	Nigerian online-only bank startup Kuda raises $1.6M	Nigerian fintech startup Kuda — a digital-only retail bank — has raised $1.6 million in pre-seed funding. The Lagos and London-based company recently launched the beta version of its online mobile finance platform. Kuda also received its ba...
Dec 10, 2018	Regulating fintech in Nigeria and financial inclusion	Share this article: By Mabel Ekeke It is perhaps safe to adopt the working definition for the term “Fintech” (a contraction for the phrase financial technology) since it is not susceptible to a universally accepted definition. Yoshihiro Kaw...
Nov 22, 2016	Banking fraud is costing the Nigerian economy dearly

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FAQ about Nigeria Deposit Insurance Corporation

When was Nigeria Deposit Insurance Corporation founded?

Nigeria Deposit Insurance Corporation was founded in 1989.

What has the press written about Nigeria Deposit Insurance Corporation?

Parsers VC has collected 21 articles mentioning Nigeria Deposit Insurance Corporation, among them “Nigeria: Experts Discuss AI Governance, Urge Nigerian Govt to Set Up Regulatory Body” (Apr 16, 2026) and “Nigeria: Why Technology-Enabled Banking Is a Multiplier for Nigeria's 2036 Goal” (Jan 19, 2026).

Is Nigeria Deposit Insurance Corporation still active?

Yes, Nigeria Deposit Insurance Corporation is active; its latest activity on Parsers VC dates from Sep 4, 2026.