Business - News360 Nigeria

Real reason we revoked Heritage Bank operating licence – CBN

The Central Bank Nigeria (CBN) revoked Heritage Bank operating licence yesterday, citing the board of directors’ failure to improve the bank’s financial performance. Meanwhile, the Nigeria...

Business8 months ago

CBN break silence on plot to revoke licenses of 3 other banks

The Central Bank of Nigeria (CBN) has denied rumours in the media, declaring unequivocally that it has no plans to revoke the operating licences of Unity...

Business8 months ago

Opay, PalmPay, others resume registration of new customers, six weeks after CBN’s restriction

The Central Bank of Nigeria has lifted the six-week ban on onboarding new customers for Paga, moniepoint, Kuda, OPay, and PalmPay services. It should be noted...

Business8 months ago

Heritage Bank: NDIC begins verification, payment of insured deposits to customers

Following the Central Bank of Nigeria (CBN) revocation of Heritage Bank Plc banking licence, the Nigeria Deposit Insurance Corporation (NDIC) has declared that the bank’s liquidation...

Business8 months ago

Exclusive: CBN orders immediate revoke of Heritage Bank’s licence

The Central Bank of Nigeria has terminated Heritage Bank Plc’s banking licence, effective immediately. This decision was made because to the bank’s failure to improve its...

Business8 months ago

First Bank staff flees after siphoning N40 Billion belonging to customers

First Bank, a Nigerian bank with a market capitalization of ₦829 billion, is pursuing legal action to recover “huge sums of money” allegedly syphoned by an...

Business8 months ago

Naira crashes further at parallel market, exchanges at N1,485/$

Yesterday, the naira further crashed to N1,485.99 per dollar on the Nigerian Autonomous Foreign Exchange Market, NAFEM. According to FMDQ data, the indicative exchange rate for...