How much is deposit insurance in Nigeria?
The basic insured limit for a depositor of an MFB is N200,000 while the insured limit for a depositor of a PMI is N500,000.
What are the functions of NDIC in Nigeria?
The NDIC supervises banks to protect depositors, ensure monetary stability and effective/efficient payment system as well as to promote competition and innovation in the banking system.
How much is NDIC salary?
Nigerian Deposit Insurance Corporation (NDIC) Salaries The average salaries for Nigerian Deposit Insurance Corporation (NDIC) is 151,723 Naira. This data is collated by 6 employees from Nigerian Deposit Insurance Corporation (NDIC).
Is NDIC under CBN?
The NDIC is a parastatal under the Nigerian Ministry of Finance. The NDIC complements the regulatory and supervisory role of the Central Bank of Nigeria (CBN), although it reports to the Federal Ministry of Finance.
Is NDIC a good place to work?
Is the NDIC a good place to work in? The National deposit Insurance is generally a good place to work. Although the pay is not too good based on standards in the financial industry, there are zero worries about job security. The Corporation has a well-accommodating and peaceful work environment.
What does NDIC stand for?
Nigeria Deposit Insurance Corporation
Social. The NDIC (Nigeria Deposit Insurance Corporation) is an independent agency of the Federal Government of Nigeria.
Who is the head of NDIC?
Alhaji Umaru Ibrahim (Dec 8, 2010–)
Nigeria Deposit Insurance Corporation/CEO
Who is the MD of NDIC?
Who established NDIC?
Board of Central Bank of Nigeria
The history of Nigeria Deposit Insurance Corporation (NDIC) has its origin in the report of a committee set up in 1983 by the Board of Central Bank of Nigeria (CBN), to examine the operations of the banking system in Nigeria.
Who can work in NDIC?
Be up to 18 years of age, have your national id card or voters card, meet the Nigeria Deposit Insurance Corporation Recruitment requirement, and all academic qualifications. This entails that you have at least first school leaving certificates, WAEC or NECO, and others before you can apply.
Who is the Chairman of NDIC?
The Senate today confirmed the nomination of Messrs Bello Hassan and Mustapha Mohammed Ibrahim as Managing Director/Chief Executive and Executive Director (Operations) of the Nigeria Deposit Insurance Corporation (NDIC) respectively.