Some financial experts have commended the Central Bank of Nigeria (CBN) for its proactive action in revoking the operating licence of Heritage Bank Plc in order to save depositors’ funds.
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In 2024, Nigeria’s gross national savings increased to 26.32 per cent of Gross Domestic Product, up from 24.61 in 2023. Total investment also rose to 25.75 per cent of GDP in 2024, compared to 24.28 in 2023, according to the report.
The performance indicators of the stock market rebounded by 0.24 per cent on Wednesday. Specifically, the market capitalization opened at…
The statement further said that under the rights issue, 3,200,000,000 ordinary shares of 50 kobo each will be offered in the ratio of 1 new ordinary share for every 10 ordinary shares held as of 05 January 2024, at ₦9.25 per share, while for the Public Offer, 10,000,000,000 ordinary shares of 50 kobo each will be offered to the general investing public at ₦9.75 per share.
The Nigeria Deposit Insurance Corporation (NDIC), says it will begin payment of insured sum to 2.3 million depositors of Heritage Bank in-liquidation this week.
“The content is fake and not from the CBN,” the post reads.
The Nigeria Deposit Insurance Corporation (NDIC) says it has started the liquidation process of Heritage Bank with immediate verification and payment of insured deposits to bank depositors.
According to Edun, both large and small-scale businesses can access the loan at no more than 9% interest.
“We are thrilled to announce that the Central Bank of Nigeria has given OPay the thumbs up to resume onboarding new users. This milestone highlights our dedication to following the rules, keeping your information safe and secure, and preventing any shady activities.”
The new approvals brought the number of companies benefitting from the 3-year tax holiday to 104 at the end of Q1, 2024.