Examine NDIC Salary Structure in Nigeria today- The Nigeria Deposit Insurance Corporation salary scale is updated showing the amount employees earn at the end of the month or year. The details on NDIC salary structure for staffs depending on their ranking are provided hereunder.
The Nigeria Deposit Insurance Corporation (NDIC ) insure all deposit liabilities of licensed banks and such other financial institutions operating in Nigeria. Uncover more details on NDIC employee salary in Nigerian Naira below.
The average salary for NDIC staffs is ₦200,000 per month and the monthly income falls between ₦120,000 – ₦300,000. The salary structure depends on the experience, qualification, Levels, professional responsibilities and many more. The Nigeria Deposit Insurance Corporation workers are not only enumerated with salaries, there are extra allowances paid at the end of the month or year.
NDIC Salary Structure 2025
The employees salaries in NDIC varies with positions and ranks. The The workers are paid according to their professional responsibilities in the Nigeria Deposit Insurance Corporation. The following are the Breakdown of NDIC Salary for staff:
- Software Developer in Abuja: ₦300,000 per month.
- Claims Officer: ₦210,000 per month
- Bank Supervisor in Abuja: ₦245,000 per month
- Manager in Lagos: ₦400,000 per month
- Management Assistant in Lagos: ₦120,000 per month
- Finance Officers in Lagos: ₦270,000 per month
- HR officers: ₦210,000 per month
- Mid level workers in Lagos: ₦245,000 per month
Considering the list above, the NDIC minimum and maximum monthly salaries are shown. The minimum salary for a Nigeria Deposit Insurance Corporation staff is ₦120,000 per month while the maximum salary is ₦300,000 per month.
SEE: NAFDAC Salary Structure in Nigeria
Functions of the Nigeria Deposit Insurance Corporation (NDIC )
The Nigeria Deposit Insurance Corporation (NDIC ) was
- The Nigerian Deposit Insurance Corporation insure all deposit liabilities of licensed banks and such other financial institutions operating in Nigeria so as to engender confidence in the Nigerian banking system;
- NDIC gives assistance to insured institutions in the interest of depositors, in case of imminent or actual financial difficulties of banks particularly where suspension of payments is threatened, and avoiding damage to public confidence in the banking system;
- They guarantee payments to depositors, in case of imminent or actual suspension of payments by insured institutions up to the maximum as provided for in section 20 of this Act;
- Nigerian Deposit Insurance Corporation assist monetary authorities in the formulation and implementation of policies so as to ensure sound banking practice and fair competition among insured institutions in the country;
- Pursuing any other measures necessary to achieve the functions of the Corporation provided such measures and actions are not repugnant to the objects of the Corporation.
Benefits and Allowance for NDIC Staffs
The Nigeria Deposit Insurance Corporation has a benefits and welfare Packages for employees. The NDIC employees are entitled to various allowances, such as housing, transportation, and meals.
FAQs
How much does NDIC pay in Nigeria?
The Nigeria Deposit Insurance Corporation (NDIC) guarantees payment of deposits with maximum ₦5,000,000 to a depositor in DMBs and PMBs and ₦2,000,000 to a depositor in MFBs in the event of failure of a participating financial institution.
Is NDIC a good place to work?
Yes, NDIC has a good working environment with an employee rating of 4.3 out of 5 stars, based on 31 company reviews, majority of the employees have an excellent working experience.
Is NDIC under CBN?
Nigeria Deposit Insurance Corporation (NDIC) complements the regulatory and supervisory role of the Central Bank of Nigeria (CBN). However, NDIC make all reports to the Federal Ministry of Finance. NDIC advises the CBN in the liquidation of distressed banks and manages distressed banks’ assets until they are fully liquidated.
Is OPay protected by NDIC?
Yes, OPay operates as a licensed by the Central Bank of Nigeria as a Mobile Money Operator (MMO). User’s deposits are protected by the Nigeria Deposit Insurance Corporation (NDIC)
That is all about Nigeria Deposit Insurance Corporation (NDIC ) salary structure and allowances. If there is any thing more, drop it at the comment section below.
