Chioma ObinagwamJune 3, 20241 Mins read549
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.
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𝗡𝗡𝗣𝗖 𝗱𝗶𝘀𝗽𝘂𝘁𝗲𝘀 𝗴𝗮𝘀 𝗰𝗼𝗻𝘀𝘁𝗿𝗮𝗶𝗻𝘁 𝗰𝗹𝗮𝗶𝗺 𝗮𝘀 𝗯𝗹𝗮𝗺𝗲 𝗴𝗮𝗺𝗲 𝘄𝗶𝗱𝗲𝗻𝘀· Nigeria’s power supply...
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