The Nigeria Deposit Insurance Corporation (NDIC) is extending its deposit insurance mandate to eligible deposit-taking institutions in the digital financial services space, including mobile money operators and fintech-enabled microfinance institutions. The Chartered Institute of Bankers of Nigeria (CIBN) called for stronger public communication to ensure Nigerians understand the reforms reshaping the financial sector. Both institutions spoke at the 2026 Finance Correspondents Association of Nigeria (FICAN) Conference and 36th Anniversary in Lagos, where they stressed the importance of public confidence and effective communication in sustaining banking sector reforms. Hauwa Gambo, Head of Communication and Public Affairs at NDIC, represented by Assistant Director Adegbenga Fabuyi, highlighted the Corporation's efforts to deepen deposit protection across Nigeria's growing digital finance ecosystem.
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