Sunday, September 28, 2025
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Finance | Insurance | Pension

NDIC Seeks Inputs to the International Association of Deposit Insurers Core Principles

EconomyFoot Print by EconomyFoot Print
June 3, 2025
in Finance | Insurance | Pension, News
Reading Time: 2 mins read
0
Breaking: NDIC raises maximum deposit insurance to N5m for commercial banks
Share on FacebookShare on Twitter

The Nigeria Deposit Insurance Corporation (NDIC) has called for feedbacks from financial services industry stakeholders in the country, policy makers and the general public towards the ongoing revision of the International Association of Deposit Insurers (IADI) Core Principles for Effective Deposit Insurance System.

The proposed revision launched by IADI in May 2025, is a significant step towards enhancing the resilience and relevance of deposit insurance frameworks in the face of an evolving global financial landscape. Specifically, the revision is aimed at comprehensively addressing structural changes, including digital innovation, the growing role of deposit insurers in resolution, and lessons learned from the banking turmoil in March 2023, which is the most significant systemic stress event since the 2007-09 global financial crisis.

Related posts

Troops Rescue Two Immigration Officers From Kidnappers In Ukum, Benue State 

Troops Rescue Two Immigration Officers From Kidnappers In Ukum, Benue State 

September 27, 2025
NYSC DG Call For Tailored Sector – Specific Training By PSIN

NYSC DG Call For Tailored Sector – Specific Training By PSIN

September 27, 2025

The IADI Core Principles are used by jurisdictions, including Nigeria, as a benchmark for assessing the quality of their deposit insurance systems and for identifying gaps in their deposit insurance practices and measures to address them. The Core Principles are also used by the International Monetary Fund (IMF) and the World Bank in the context of the Financial Sector Assessment Programme (FSAP), to assess the effectiveness of jurisdictions’ deposit insurance system and practices.

The first set of the Core Principles was issued jointly by the IADI and the Basel Committee on Banking Supervision (BCBS) in June 2009 while the document is subjected to periodic revision order to keep it up-to-date with evolving trends on the global financial system landscape.

As a founding and committed member of IADI, NDIC recognizes the importance of the ongoing revision and hereby invites stakeholders and the general public to actively participate in the process by reviewing the document on the link https://ndic.gov.ng/wp-content/uploads/2025/06/Draft-Revised-IADI-Core-Principles.pdf Stakeholders feedbacks should be forwarded to the Corporation on or before 30th June 2025 via email to iadi@ndic.gov.ng in PDF format

Previous Post

VALLEY OF THE SHADOW OF DEATH.

Next Post

Cardoso Named African Banker Central Bank Governor of the Year

Next Post

Cardoso Named African Banker Central Bank Governor of the Year

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Just In: CBN Stops Extension of Export Proceeds Repatriation for Exporters

9 months ago

We are not hoarding new naira notes – Banks reply security agencies

3 years ago

LISTING BY INTRODUCTION OF TRANSCORP POWER PLC

2 years ago

Gov. Ortom urges citizens to contribute to nation building

3 years ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • Troops Rescue Two Immigration Officers From Kidnappers In Ukum, Benue State 
  • NYSC DG Call For Tailored Sector – Specific Training By PSIN
  • Nigeria’s Economy at a Crossroads: Rising Debts, Eased MPR, and Cost to Citizens

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

Troops Rescue Two Immigration Officers From Kidnappers In Ukum, Benue State 

Troops Rescue Two Immigration Officers From Kidnappers In Ukum, Benue State 

September 27, 2025
NYSC DG Call For Tailored Sector – Specific Training By PSIN

NYSC DG Call For Tailored Sector – Specific Training By PSIN

September 27, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion