N5m Deposit Cover Shields 98% of Depositors-NDIC
Nigeria has expanded its financial safety net to shield ninety-eight per cent of bank depositors from catastrophic bank collapses, Nigeria Deposit Insurance Corporation Managing Director Thompson Oludare Sunday announced in Abuja on Thursday, 1 October 2026. The corporation raised its maximum insurance cover tenfold from 500,000 naira to five million naira for commercial bank customers…