The newly licensed Heritage Bank Limited has announced the commencement of validation exercise for old account holders of former Societe Generale Bank Limited (SGBN). The core investors in former SGBN had adopted the adopted Heritage Bank as its trading name. According to a statement signed by the Group Head, Corporate […]
Tag: Central Bank of Nigeria
CBN auditors begin probe of N2.1bn Mint theft
The audit panel set up by the Central Bank of Nigeria to probe the security breach at the Nigeria Security Printing and Minting Company that led to the disappearance of N2.1bn newly printed N1,000 notes has commenced its work. Investigations by our correspondent revealed that the report of the panel […]
MPC meeting: Lending rate may remain untouched
There are indications that the Monetary Policy Committee of the Central Bank of Nigeria may not increase the benchmark lending rate in the next MPC meeting. Analysts, who spoke with our correspondents in separate interviews on Friday, said that most of the variables would be maintained. However, they said the […]
