By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: BREAKING: CBN Revokes Heritage Bank’s Operating License
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | BREAKING: CBN Revokes Heritage Bank’s Operating License

Business

BREAKING: CBN Revokes Heritage Bank’s Operating License

Tapre Timine
Tapre Timine
Published: June 6, 2025
Last updated: June 6, 2025
2 Min Read
Share
BREAKING: CBN Revokes Heritage Bank's Operating License | Daily Report Nigeria
SHARE

The Central Bank of Nigeria (CBN) has revoked the operating license of Heritage Bank, a commercial bank in Nigeria, effective immediately.

CBN’s decision was announced in a statement released on Monday, June 3, by the Ag Director, Corporate Communications, Hakama Sidi Ali.

The statement read:

“This action has become necessary due to the bank’s breach of Section 12 (1) of BOFIA, 2020. The Board and Management of the bank have not been able to improve the bank’s financial performance, a situation which constitutes a threat.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

READ ALSO: Court Backs CBN on Social Media Handle Requirement for Bank Customers

“This follows a period during which the CBN engaged with the bank and prescribed various supervisory steps intended to stem the decline. Regrettably, the bank has continued to suffer and has no reasonable prospects of recovery, thereby making the revocation of the license the next necessary step.

“Consequently, the CBN has taken this action to strengthen public confidence in the banking system and ensure that the soundness of our financial system is not impaired.

“The Nigeria Deposit Insurance Corporation (NDIC) is hereby appointed as the Liquidator of the bank in accordance with Section 12 (2) of BOFIA, 2020.

“We wish to assure the public that the Nigerian financial system remains on a solid footing. The action we are taking today reflects our continued commitment to take all necessary steps to ensure the safety and soundness of our financial system.”

Stay tuned for more details…

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Top Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Amaju Pinnick Joins CAF Leadership Circle as Motsepe’s Adviser | Daily Report Nigeria
Amaju Pinnick Joins CAF Leadership Circle as Motsepe’s Adviser
Sports
NNPC Cuts Petrol Price to N910 Per Litre Nationwide | Daily Report Nigeria
NNPC Cuts Petrol Price to N910 Per Litre Nationwide
Business
Liverpool to Pay Diogo Jota’s Salary to Family Until 2027 | Daily Report Nigeria
Liverpool to Pay Diogo Jota’s Salary to Family Until 2027
Sports
Burnley Sign Kyle Walker from Man City for £5M | Daily Report Nigeria
Burnley Sign Kyle Walker from Man City for £5M
Sports
Nigeria's Oil Production Jumps to 1.7m bpd as Tantita Intensifies Fight Against Oil Theft
Urhobo Communities Back Tantita Security, Reject UPU Call for Withdrawal
News

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Niger Military Junta Agrees Dialogue With ECOWAS | Daily Report Nigeria
News

Niger Military Junta Agrees Dialogue With ECOWAS

June 15, 2025
Extradition: Simon Ekpa Remains In Custody As Finnish Govt Releases Two Accomplices | Daily Report Nigeria
Metro

Extradition: Simon Ekpa Remains In Custody As Finnish Govt Releases Two Accomplices

April 15, 2025
Group Asks Buhari To Recommend Next National Chairman of APC | Daily Report Nigeria
Politics

Group Asks Buhari To Recommend Next National Chairman of APC

June 14, 2025
wike
Politics

I Can’t Be Second Class Citizen in my Country – Gov Wike

June 13, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?