Home Business Why CBN revoked license of Heritage Bank
BusinessNews

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.

 

 

Please follow and like us:
Share

Leave a comment

Leave a Reply

Your email address will not be published.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

Member

Don't Miss

NLNG bids farewell to outgoing MD Philip Mshelbila as Falade prepares to take over

By Chioma Obinagwam Nigeria LNG Limited (NLNG) hosted a heartfelt send-off ceremony in Abuja on Friday, celebrating the conclusion of Dr. Philip Mshelbila’s...

‎Tax Reform or Financial Exclusion? The Trouble with Mandatory TINs

By Blaise Udunze‎‎‎It is not only questionable but an aberration that a nation where over 38million Nigerians remain financially excluded, where trust in...

Related Articles

NLNG bids farewell to outgoing MD Philip Mshelbila as Falade prepares to take over

By Chioma Obinagwam Nigeria LNG Limited (NLNG) hosted a heartfelt send-off ceremony...

‎Tax Reform or Financial Exclusion? The Trouble with Mandatory TINs

By Blaise Udunze‎‎‎It is not only questionable but an aberration that a...

‎Tonto Dikeh declares for Christ on NSPPD: ‘I am the Esther of my generation’

‎By Chioma Obinagwam‎‎Popular Nollywood actress, film producer, and politician Tonto Dikeh has...

‎Dear terror sympathizers… let’s burn bridges…

By Bivan Magoni‎‎Let me not lie yeah, I’m tired of pretending, or...