NDIC reviews deposit insurance cover for morgage banks

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Bamidele Akindele The Nigeria Deposit Insurance Corporation (NDIC) has been granted approval for an upward review of its maximum deposit insurance coverage (MDIC) from N200,000 to N500,000 per depositor for primary mortgage banks (PMBs) and the extension of di’erential premium assessment system (DPAS) to the PMBs. Minister of Finance, Mrs. Kemi Adeosun granted the approval […]