Senate passes bill to strengthen NDIC, protect depositors

Senate passes bill to strengthen NDIC, protect depositors

The Senate, on Tuesday, passed, in its third and final reading, a bill aimed at enhancing the capacity of the Nigeria Deposit Insurance Corporation to protect depositors, ensure the stability of financial institutions, and promote trust in the banking system. The legislation, titled Nigeria Deposit Insurance Corporation Act No 33 of 2023, was sponsored by

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