Unlike Emefiele, Heritage Bank closure shows Cardoso’s CBN is willing to let banks fail

In a surprise move, the Central Bank of Nigeria (CBN) announced it has revoked Heritage Bank's operating license, effectively closing the institution and placing depositors at the mercy of the Nigeria Deposit Insurance Corporation (NDIC). The post Unlike Emefiele, Heritage Bank closure shows Cardoso’s CBN is willing to let banks fail appeared first on Nairametrics.

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