2023-05-09

Exposure Draft -Revised Framework for the Differential Premium Assessment System in NDIC

The Nigeria Deposit Insurance Corporation (NDIC) is introducing a revised framework for Differential Premium Assessment System (DPAS) in 2023. This system aims to differentiate premiums payable by insured financial institutions based on their risk profile, promoting fairness and effective risk management. The framework applies to all insured banks in Nigeria, including commercial, merchant, non-interest, microfinance, primary mortgage, and payment service banks. The revised framework seeks to incorporate changes in the Nigerian banking system and align with international best practices.

Nigeria

Nigeria Deposit Insurance Corporation

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