Saturday , November 23 2024

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CBN revokes Heritage Bank’s licence due to poor financial performance

CBN

The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc with immediate effect, citing the bank’s persistent financial instability and breach of regulatory requirements.  The decision is part of the CBN’s mandate to maintain a sound financial system in Nigeria, as outlined under Section 12 …

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FG pleads for time as indefinite strike begins Monday

The Federal Government has pleaded with Organised Labour to reconsider its decision to embark on an indefinite strike from Monday, June 3, 2024, in protest against the government’s refusal to raise the proposed minimum wage from N60,000. The interest of the masses should be the top priority of Organised Labour, the …

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