Multichoice Group has an account balance of N31.6 billion with Heritage Bank
Multichoice Group, owners of DSTV, had an account balance of N31.6 billion with Heritage Bank, before the bank’s liquidation.
Tag: NDIC
News and stories about NDIC
Nigerian banks pay N166.4 billion to NDIC as Deposit Insurance premium in 2023
Nine publicly listed commercial banks paid a sum of N166.4 billion as deposit insurance premium to the Nigerian Deposit Insurance ...
Heritage Bank: NDIC to begin payment to 2.3 million depositors this week
The Nigeria Deposit Insurance Commission (NDIC) says it will begin payment to 2.3 million depositors of the Heritage bank this ...
Heritage Bank: CBN says it has no plan to revoke more banking licences
The Central Bank of Nigeria (CBN) has firmly denied allegations suggesting that it plans to revoke the licenses of three ...
Heritage Bank closure: Peter Obi demands FG pays back depositors’ funds immediately
Peter Obi, the Labour Party’s presidential candidate from the last election, has urged the federal government and the Nigeria Deposit ...
Unlike Emefiele, Heritage Bank closure shows Cardoso’s CBN is willing to let banks fail
In a surprise move, the Central Bank of Nigeria (CBN) announced it has revoked Heritage Bank's operating license, effectively closing ...
NDIC to use BVN to verify, pay customers of Heritage Bank up to N5 million
The Nigeria Deposit Insurance Corporation (NDIC) has said that it has started the liquidation process of Heritage Bank Plc following ...
CBN revokes Heritage Bank’s licence due to poor financial performance
The Central Bank of Nigeria (CBN) has revoked the licence of Heritage Bank Plc with immediate effect.
NDIC to pay depositors of 96 failed micro finance banks from debt recoveries, others
The Nigeria Deposit Insurance Corporation(NDIC) has said it will pay depositors of closed microfinance and primary mortgage banks after recovering ...
NDIC raises deposit insurance coverage for bank customers in Nigeria to N5 million
The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various ...
