FIRST LADY REMI TINUBU HAILS NIGERIA WORKERS FOR THEIR RESILIENCE AND DEDICATION . (PHOTO).

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 First Lady Remi Tinubu Hails Nigeria Workers For Their Resilience And Dedication  Nigeria's First Lady, Oluremi Tinubu extends her warm greetings and deep appreciation to all workers in the country as they join their counterparts across the world to mark 2026 International Worker's Day. In a message celebrating their resilience, dedication and invaluable contributions to the growth and development of the country, the First Lady says public servants, private sector professionals, artisans, entrepreneurs, and all those who labour tirelessly are indeed the backbone of progress in the nation. She commends the role of trade unions in advocating for the well-being of workers, and cooperation in strengthening the nation’s workforce.
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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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