List of Banks Insured by NDIC in Nigeria
The Nigeria Deposit Insurance Corporation (NDIC) provides deposit insurance coverage to licensed deposit-taking financial institutions. Below is a list of banks currently insured by NDIC as of 2025:
- Access Bank Plc
- Zenith Bank Plc
- First Bank of Nigeria Limited
- United Bank for Africa (UBA) Plc
- Guaranty Trust Bank (GTBank)
- Fidelity Bank Plc
- Ecobank Nigeria
- Stanbic IBTC Bank
- Union Bank of Nigeria
- Polaris Bank
- Wema Bank Plc
- FCMB (First City Monument Bank)
- Keystone Bank
- Sterling Bank
- Unity Bank Plc
- Heritage Bank
- Titan Trust Bank
- SunTrust Bank Nigeria Limited
- Globus Bank
- PremiumTrust Bank
- Providus Bank
- Parallex Bank
These banks are insured up to the NDIC coverage limit, meaning depositors can recover part or all of their deposits in the event of bank failure.
Frequently Asked Questions
What is NDIC?
NDIC (Nigeria Deposit Insurance Corporation) is a government agency that protects depositors by insuring deposits in licensed banks across Nigeria. How much does NDIC insure per depositor?
NDIC insures up to ₦500,000 per depositor in deposit money banks and ₦200,000 in microfinance banks or primary mortgage institutions. How do I know if my bank is NDIC insured?
NDIC-insured banks typically display the NDIC logo in their branches. You can also check the official NDIC website or ask your bank directly. Can I claim my money if the bank fails?
Yes. If your bank is NDIC-insured and fails, you can file a claim and receive up to the insured limit. Is every bank in Nigeria covered by NDIC?
Most commercial banks, microfinance banks, and mortgage banks are insured by NDIC, provided they are licensed by the Central Bank of Nigeria (CBN).
