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Read more about the article JUST IN: CBN Denies Revocation Rumours For Fidelity, Polaris, Wema, Unity Banks
Don't Miss / Economy & Business / Editor's Pick / News / Newsbeat

JUST IN: CBN Denies Revocation Rumours For Fidelity, Polaris, Wema, Unity Banks

The Central Bank of Nigeria (CBN) has refuted allegations that it is contemplating the revocation of operating licences for Fidelity, Polaris, Wema, and Unity Banks. This clarification came amidst concerns…

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June 10, 2024
Read more about the article Heritage Bank: Shareholders Push For MD, EDs’ Probe
Don't Miss / Economy & Business / Editor's Pick / News / Newsbeat

Heritage Bank: Shareholders Push For MD, EDs’ Probe

Some members of the minority shareholders community have called for a probe of the management and directors of the failed Heritage Bank. The call was made in chats with DECENCY…

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June 7, 2024
Read more about the article Heritage Bank: NDIC Goes After N700bn Loan Defaulters, Lists 2.3m Depositors
Don't Miss / Economy & Business / Editor's Pick / News / Newsbeat

Heritage Bank: NDIC Goes After N700bn Loan Defaulters, Lists 2.3m Depositors

The Nigeria Deposit Insurance Corporation has announced that it will pay out insured deposits to depositors of the defunct Heritage Bank who have N5m or less in their accounts. NDIC,…

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June 6, 2024
Read more about the article CBN Denies Plans To Revoke Licences Of 3 Additional Banks
Don't Miss / Economy & Business / Editor's Pick / News / Newsbeat

CBN Denies Plans To Revoke Licences Of 3 Additional Banks

The Central Bank of Nigeria (CBN) has described as false allegations that it plans to withdraw the licenses of three additional banks namely, Unity, Polaris and Keystone.  The Bank had…

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June 5, 2024
Read more about the article BREAKING: CBN Revokes Heritage Bank License To Maintain Stable, Healthy Financial System
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BREAKING: CBN Revokes Heritage Bank License To Maintain Stable, Healthy Financial System

The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect.  This decision, it said, was to maintain a stable and healthy financial system…

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June 3, 2024