CIBNBanking Principles

NDIC deposit insurance per depositor per Deposit Money Bank (2024 revision):

A₦200,000

B₦500,000

C₦5,000,000CORRECT

DUnlimited

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Why the answer is C, and why the others tempt you.

Following NDIC's 2024 review, coverage is ₦5,000,000 per depositor per DMB.

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