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Tag: Insurance:

Nigerian Deposit Insurance Commission (NDIC): functions, purpose and more

The Nigerian Deposit Insurance Commission (NDIC) was established in 1988 by the Nigerian government to protect depositors and promote confidence in the Nigerian banking system. NDIC operates as an independent agency, and its primary function is to ensure that depositors’ funds are safeguarded in the event of the failure of a bank in Nigeria. In …

Nigerian Deposit Insurance Commission (NDIC): functions, purpose and moreRead More

Insurance: Meaning, types, how it works and more

Insurance is a term that is commonly used in our daily lives, yet many people do not fully understand its meaning and importance. Insurance is an essential aspect of modern life, as it helps individuals and businesses to mitigate the financial impact of unexpected events such as accidents, illnesses, natural disasters, and other unfortunate incidents.  …

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