Home Why CBN revoked license of Heritage Bank

Why CBN revoked license of Heritage Bank

Share
Heritage Bank logo
Share

By Chioma Obinagwam

Nigeria’s apex bank, the Central Bank of Nigeria(CBN) has revoked the operating license of Heritage Bank.

Confiance News gathered from a statement issued by CBN on Monday

CBN said that the bank failed to improve its financial performance, which violates Section 12(1) of the Banks and other Financial Institutions Act(BOFIA) 2020 and poses a threat to financial stability.

 

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Member

Don't Miss

A tribute to an extraordinary icon: Happy birthday to Mack Ogbamosa

By Umoru Abdulkadir‎‎There are individuals who merely hold positions, and there are those whose lives become enduring symbols of excellence, service, and integrity....

INTI International University names Dr. Chike Duru Research Fellow‎

Achievers University don bags global fellowship for communication research excellence‎‎By Chioma Obinagwam‎‎Nigerian communication scholar and public relations authority, Dr. Chike Walter Duru, has...

Related Articles

A tribute to an extraordinary icon: Happy birthday to Mack Ogbamosa

By Umoru Abdulkadir‎‎There are individuals who merely hold positions, and there are...

INTI International University names Dr. Chike Duru Research Fellow‎

Achievers University don bags global fellowship for communication research excellence‎‎By Chioma Obinagwam‎‎Nigerian...

‎CBN retains Interest rate at 26.5% amid Middle East tensions‎

By Chioma Obinagwam‎‎Nigeria’s apex bank has kept its benchmark interest rate unchanged,...

‎MIHAS 2026: Malaysia woos Nigeria into $3.5trn Halal Market‎

MATRADE targets more Nigerian and West African participation in $3.5 trillion global...