NDIC News

Latest Articles

• NDIC Initiates Final Dissolution of 89 Failed Banks Following Successful Purchase and Assumption Agreements

  Published: Apr 16, 2026

  Section: Africa

  The Nigeria Deposit Insurance Corporation has begun the legal process to conclude the liquidation of 89 microfinance and primary mortgage banks after their assets and liabilities w...

• Central Bank of Nigeria Dismisses False Claims Regarding Razaq Okoya’s Acquisition of Polaris Bank

  Published: Apr 9, 2026

  Section: Africa

  The Central Bank of Nigeria has officially labeled viral reports claiming billionaire Razaq Okoya is bidding to purchase Polaris Bank as fraudulent. This clarification follows the...