Heritage Bank

NDIC Begins Payment Of ₦46.6bn To Heritage Bank Depositors

The Nigeria Deposit Insurance Corporation (NDIC) has begun the payment of ₦46.6 billion as liquidation dividends to defunct Heritage Bank depositors who had funds more than the insured limit of ₦5 million. According to a statement signed by the NDIC Acting Head

April 27, 2025

Business·News

Heritage Bank: NDIC Begins Debt Recovery, Repays 86.36% Customers

The Nigeria Deposit Insurance Corporation (NDIC) said it has repaid 86.36 per cent of customers of the defunct Heritage Bank with the use of Bank Verification Number (BVN). The Corporation said the use of BVN-linked alternate accounts of the customers facilitated prompt

August 12, 2024

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business·News

Heritage Bank: Badly-managed Banks Must Not Get Lifetime Guarantee – Moghalu

Former deputy governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has stressed that banks, like other entities, are in business and liable to suffer the consequences of bad management.

June 7, 2024

Business·News

CBN Could’ve Saved Heritage Bank To Protect Depositors’ Funds – Economist

An economic analyst, Dr Wisdom Selekekeme Krokeyi, has stated that although the Central Bank of Nigeria (CBN)’s action of revoking Heritage Bank’s licence was in line with its mandate of ensuring financial stability in the system, it could have saved the bank

June 6, 2024

NDIC Begins Payment Of ₦46.6bn To Heritage Bank Depositors

Business·Opinion

Heritage Bank: What You Didn’t Know

Many Nigerians were caught unawares by yesterday’s revocation of the license of Heritage Bank by the CBN, but among many industry operators, it was widely known

June 6, 2024

Business·News

Heritage Bank: FG Opens Online Platform For Depositors To Retrieve Funds From Defunct Bank

The Nigerian Deposit Insurance Corporation (NDIC) has started the liquidation process of Heritage Bank, following the Central Bank of Nigeria’s (CBN) decision to revoke the bank’s licence. The CBN made this announcement on Monday, citing the bank’s financial instability and breach of

June 5, 2024

Business·News

Why CBN Revoked Heritage Bank’s Licence

The Central Bank of Nigeria (CBN) has revoked Heritage Bank’s operating licence, citing poor performance which threatens the financial system stability. In a statement released on Monday, signed by Hakama Sidi Ali, Acting Director, Corporate Communications, CBN, the apex bank said the

June 3, 2024

Business

4 Nigerian Banks That Changed Names After Corruption Allegations, Others

Nigerian banks have changed names for several reasons, but the major factor has been corruption cases, which made the Central Bank of Nigeria (CBN) revoke their licences and bring in new owners. The new owners had to re-brand the banks to avoid

June 27, 2022

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NDIC Begins Payment Of ₦46.6bn To Heritage Bank Depositors

Heritage Bank: NDIC Begins Debt Recovery, Repays 86.36% Customers

Heritage Bank: Badly-managed Banks Must Not Get Lifetime Guarantee – Moghalu

CBN Could’ve Saved Heritage Bank To Protect Depositors’ Funds – Economist

Heritage Bank: What You Didn’t Know

Heritage Bank: FG Opens Online Platform For Depositors To Retrieve Funds From Defunct Bank

Why CBN Revoked Heritage Bank’s Licence

4 Nigerian Banks That Changed Names After Corruption Allegations, Others

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