CBN Speaks On Shutting Down 3 More Banks| Labour Gives Fresh UPDATE On Nationwide Strike

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Heritage Bank: CBN Denies Plan To Revoke Licenses Of Three Other Banks

The Central Bank of Nigeria (CBN) has denied a media report which claimed it is set to revoke the licenses of Unity Bank, Keystone Bank and Polaris Bank.

The apex bank, in a post via its official X account on Tuesday, urged members of the public to dismiss the report as fake news.

Sharing a screenshot of the publication, CBN wrote: “This content is fake and not from the Central Bank of Nigeria.”

The dismissal of the report comes on the heels of the decision by the CBN to revoke the operating license of Heritage Bank.

Naturenex recalls the operating license of Heritage Bank, one of the commercial banks in Nigeria, has been revoked by the Central Bank of Nigeria (CBN).

This development was announced in a statement released on Monday, June 3, by Ag. Director, Corporate Communications, CBN, Hakama Sidi Ali.

According to her, the CBN, in line with its responsibility to uphold a stable financial system in Nigeria and utilizing its authority under Section 12 of the Banks and Other Financial Act (BOFIA) 2020, has decided to immediately revoke Heritage Bank Plc’s license.

This action, she noted was deemed necessary due to the bank’s violation of Section 12 (1) of BOFIA, 2020.

Source: Naija News

JUST IN: We’re still on strike till further notice — Labour

Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), on Tuesday, insisted they would go ahead with the strike today, while negotiations on their demands could continue.

The congress, in a post on X, said the industrial action which has grounded the nation’s economy will continue until Tuesday’s meeting of organs of the union where all resolutions of Monday’s meeting are expected to be reviewed.

“Until we hear from our organs at our meeting scheduled for today, June 4, we are still on strike,” the post read.

Earlier, the Federal Government of Nigeria agreed to increase the minimum wage beyond the initially proposed N60,000.

This decision, TRIBUNE ONLINE reported, was reached during a meeting between government officials and labour leaders on Monday night in Abuja, aimed at resolving the dispute over the national minimum wage and ending the nationwide strike.

Source: Tribune

Categories: News


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