The Deposit Insurance Fund was established in the late 1990s following the collapse of Gulf Union Bank (Bahamas), which left many small local - as well as large - depositors exposed to life ...

The Nigeria Deposit Insurance Corporation has announced that the first tranche of liquidation dividends for uninsured depositors of the defunct Heritage Bank will be declared in April 2025. The ...

The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...

Federal law requires financial institutions to gather personal information about the depositor. This might be a Social Security number, driver’s license, or government-issued ID. This ...

The Nigeria Deposit Insurance Corporation (NDIC) has provided clarity on the delays surrounding the payment of uninsured sums to depositors of Heritage Bank, which was placed in liquidation following ...

With the considerable progress recorded in the asset realization, the Corporation will declare the first tranche of liquidation dividends in April 2025, which will be paid to uninsured depositors ...

In a statement issued on Sunday, Hawwau Gambo, the Acting Head of Communication and Public Affairs at NDIC, reassured depositors that their funds in all licensed banks were protected. She stressed ...

This method ensures an equitable distribution of funds according to the depositor's wishes. Successive Nomination: In this arrangement, nominees inherit the funds in a predefined sequence.

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