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Your email address will not be published.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 *

Start your career with NNPC Limited

Start your career with NNPC Limited
Start your career with NNPC Limited

Member

Don't Miss

‘My life trajectory has been a story of …,’ Inibehe recounts God’s faithfulness on his 36th birthday

By Chioma Obinagwam Renowned Nigerian lawyer and human rights activist, Inibehe Effiong, has expressed his gratitude to God for making him celebrate his...

Pastor Adeboye, congregants celebrate God’s goodness in six photos

By Chioma Obinagwam The General Overseer (G.O) of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye and his wife, Foluke Adeboye,...

Related Articles

How SCOAN celebrated God’s faithfulness with global thanksgiving service 

By Dare Adejumo On Sunday, December 8, SCOAN at its Ikotun-Egbe Lagos...

NCC

Please follow and like us:

How collaborations among UBA, NIBSS, others will deliver sustainable value to customers, stakeholders

By Chioma Obinagwam The partnership among the United Bank for Africa (UBA),...

Minister reacts to new advisory body on submarine cable resilience

By Chioma Obinagwam Please follow and like us:

Advertisements