‎‎NAF RECEIVES FIVE NEW HELICOPTERS AS FG ACCELERATES AIRPOWER MODERNISATION. (PHOTO).

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 ‎‎NAF RECEIVES FIVE NEW HELICOPTERS AS FG ACCELERATES AIRPOWER MODERNISATION ‎ The Nigerian Air Force (NAF) has taken delivery of five new helicopters as the Federal Government accelerates efforts to modernize Nigeria’s airpower capabilities and strengthen the Armed Forces’ capacity to respond effectively to contemporary security challenges.  ‎ ‎A statement by the Director of Public Relations and Information Air Commodore Ehimen Ejodame indicates that the platforms comprise three AW-109 Trekker B helicopters  and two H-125 helicopters. ‎ The three AW-109s, which form part of 10 recently acquired by the Federal Government, were received in Lagos on 15 September 2026, with the remaining seven expected to be delivered before the end of 2026. ‎ ‎The Chief of the Air Staff, Air Marshal Sunday Aneke, described the acquisition as another significant milestone in the Federal Government’s sustained investment in the modernization and re-equipment of the NAF noting that the new pl...
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CBN REVOKES LICENCE OF HERITAGE BANK. (PHOTO).

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 CBN revokes licence of Heritage Bank


The Central Bank of Nigeria, CBN, has revoked the operating licence of Heritage Bank.


The Acting Director, Corporate Communications, CBN, Hakama Sidi Ali, disclosed this in a statement.

She said: “The Central Bank of Nigeria, CBN, in accordance with its mandate to promote a sound financial system in Nigeria and in exercise of its powers under Section 12 of the Banks and Other Financial Act (BOFIA) 2020, hereby revokes the licence of Heritage Bank Plc with immediate effect.


‘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 to financial stability.


“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.”

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