What are the service offered by the NDIC?

The Nigeria Deposit Insurance Corporation (NDIC) offers several key services, including the protection of depositors by insuring deposits in banks and other financial institutions. It also promotes financial stability by overseeing the soundness of the banking system and conducting regular examinations of insured institutions. Additionally, the NDIC plays a role in resolving failed banks and facilitating the payment of insured deposits to affected customers. Furthermore, it engages in public awareness campaigns to educate the public about deposit insurance and financial literacy.