26/8/2016/The Will The naira Thursday dropped to previously unseen levels, exchanging for as low as N412 to $1 in the unofficial market (black market) from N407 where it closed on Wednesday. The naira also dipped at the interbank foreign exchange market closing at N316.8 to the $1 from Wednesday’s N315.9 […]
Updates
Federal Court Rules Against First Bank In Assets Dispute
August 25, 2016/Sahara Reporters Justice Abdulaziz Anka of the Federal High Court in Ikoyi, Lagos ruled against the order given by Justice Saliu Saidu stating that First Bank Plc., through its receiver, Mr. Emmanuel Oyebanji, to take over the entire assets of an oil firm Zone 4 Energy. The judge ruled that Chukelad Nigeria Limited, a third party in trade with […]
Heritage Bank’s Statement to Customers on the NNPC/TSA Report
The Central Bank of Nigeria recent announcement of temporarily suspending nine commercial banks, including Heritage Bank, from accessing the foreign exchange market is a systemic challenge for the banking sector, which cuts across all banks. As a financial institution, we have continued to build on foundation of sound corporate; maintained […]
