Regulatory Alerts2025-12-09
NDIC Quarterly Vol 39 No 1&2 2024 – Article front page
The NDIC Quarterly Journal, covering March-June 2024, provides a comprehensive overview of macroeconomic developments and the financial performance of deposit money banks during the first two quarters of the year. It outlines the Nigeria Deposit Insurance Corporation's mission to protect depositors and maintain financial stability through effective supervision and prompt payment, supported by core values like integrity and professionalism. Electronic submissions for future articles are encouraged via editor.quarterly@ndic.gov.ng, marking a clear channel for contributions to this finance-focused publication.
NDIC Quarterly Journal
MAR/JUN 2024 VOLUME 39, NUMBER 1 & 2
EDITORIAL BOARD
Editor-in-Chief K.S. Katata, Ph.D.
Members
- Prof. A.U. Sanda
- Prof. C. U. Aliyu
- Prof. A. A. Salisu
- J. G. Donli, Ph.D.
- B. Adedipe, Ph.D.
- Prof. B. Sabo
- Prof. K. T. Hamid
- Prof. L. N. Aisien
- J. A. Afolabi, Ph.D.
Associate Editors
- A. Abdulraheem, Ph.D.
- I. S. Alley, Ph.D.
- I. M. Idris, Ph.D.
- C.E. Ozoemena, Ph.D.
- W. M. Galadima, Ph.D.
- J. S. Garko, Ph.D.
- F. Dosumu
- O.M. Adeboje, Ph.D.
Secretariat
- A. A. Elayo
- M. G. Musa
- O. D. Akinyebi
This Journal is a Quarterly Publication of the Nigeria Deposit Insurance Corporation (NDIC). Enquiries should be addressed to the Editor, NDIC Quarterly, Research, Policy, and International Relations Department, Nigeria Deposit Insurance Corporation, P.M.B. 284, Abuja, Nigeria. Electronic submissions are encouraged and should be sent to editor.quarterly@ndic.gov.ng.
The views expressed in the articles are those of the authors and do not represent the official position of the NDIC.
This Journal is solely financed by the NDIC towards the advancement of knowledge in Economics, Finance, Banking and Deposit Insurance practices.
© Copyright and Published by the Nigeria Deposit Insurance Corporation ISSN: 1115-0807 (Print), 2636 7203 (Online)
NDIC Vision
To be one of the best Deposit Insurers in the world.
NDIC Mission
To protect depositors and contribute to the stability of the financial system through effective supervision of insured institutions, provision of financial and technical assistance to eligible insured institutions, prompt payment of guaranteed sums, and orderly resolution of failed insured financial institutions.
NDIC Core Values
In its commitment to public service, the NDIC employees have a tradition of distinguished public service guided by the following five core values:
- Integrity & Accountability
- Respect & Fairness
- Professionalism
- Teamwork
- Passion
TABLE OF CONTENTS
CONTENT PAGE
- Review of Macroeconomic Developments in the First Quarter, 2024.....................................................4
- Review of Macroeconomic Developments in the Second Quarter, 2024....................................................19
- Financial Condition and Performance of Deposit Money Banks in the First and Second Quarter, 2024....35
- Activities of the NDIC in the First Quarter, 2024.........................................................................................41
- Activities of the NDIC in the Second Quarter, 2024......................................................................................47
- Impact of Monetary Policy on Financial Openness in Nigeria........................................................................53