– CBN approves Unity, Providus Banks merger – Move aims to bolster financial stability – Apex bank ensures depositors’ interests The Central Bank of Nigeria (CBN)...
– NDIC lists Heritage Bank’s head office and branches for sale – 48 properties and chattels are up for sale in 62 locations – Interested parties...
– CBN guarantees safety of depositors’ funds – Heritage Bank’s case is isolated, says CBN – NDIC commences payment to insured depositors The Central Bank of...
– NDIC to refund Heritage Bank depositors starting next week. – Total deposits stand at N650bn, with N700bn in loans. – 99% of depositors have balances...
– CBN denies plans to revoke licenses of Unity, Polaris, Keystone banks – Online reports claimed licenses would be terminated following Heritage Bank’s license revocation –...
– CBN revokes Heritage Bank’s licence due to financial instability. – Bank’s management failed to improve performance despite supervisory measures. – NDIC appointed as liquidator to...