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CBN Revokes Heritage Bank’s License Over Poor Financial Performance

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© Allen Dreyfus
  • Nigeria Deposit Insurance Corporation (NDIC) appointed as liquidator
  • Revocation follows prolonged period of financial instability and failed recovery efforts

 

Lagos, Nigeria – The Central Bank of Nigeria (CBN) announced the immediate revocation of Heritage Bank’s license due to poor financial prospects and the risk it posed to the financial system.

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