• Heritage Bank not distressed, says CBN

    Heritage Bank not distressed, says CBN

    According to reports, the Central Bank of Nigeria (CBN) has denied claims that Heritage bank is in distress.

    The CBN in a statement issued on Tuesday in Abuja and signed by Isaac Okorafor, Acting director, corporate communications of the bank said the apex bank’s attention has “been drawn to false and malicious stories on the social media insinuating that Heritage Bank is under financial distress and therefore unable to discharge its obligations to its depositors.”

    The CBN, he said “wish to state […]

  • CBN, Heritage Bank disburse N93m loan to young entrepreneurs

    CBN, Heritage Bank disburse N93m loan to young entrepreneurs

    According to reports, the Central Bank of Nigeria in partnership with Heritage Bank on Thursday in Abuja disbursed N93 million to 310 young entrepreneurs in the country.

    The CBN Governor, Godwin Emefiele, represented by the Deputy Governor, Corporate Services, Alhaji Sulieman Barau, presented a N3 million cheque to each of the young entrepreneurs.

    The disbursement was carried out under the auspices of the bank’s Youth Entrepreneurship Development Programme in collaboration with the National Youth Service Corps.

    Emefiele said that the YEDP initiative was […]

  • Rivers government lauds Heritage Bank on youth empowerment

    Rivers government lauds Heritage Bank on youth empowerment

    Rivers State Government has commended Heritage Bank Plc for its role in enhancing youth entrepreneurship development and engendering self-employment through its various initiatives and products.

    The government lauded the bank’s effort to lead the recovery of the Nigerian economy through administering and management of the Central Bank of Nigeria’s N3 billion Youth Innovative Entrepreneurship Development Programme (YIEDP).

    It also lauded its partnership with the Centre for Values in Leadership (CVL), which recently graduated 100 young entrepreneurs in the CVL Young Entrepreneurship Training […]

  • Heritage Bank denies involvement in NPA’s N11.2bn fraud

    Heritage Bank denies involvement in NPA’s N11.2bn fraud

    Facts have emerged absolving Heritage Bank Plc of any involvement in the alleged N11.2billion fraud perpetrated at the Nigerian Port Authority, as an investor of the bank disclosed that contrarily to reports, that there was no fraud in the account of NPA.

    The source, who preferred not to be mentioned, disclosed that the allegation was false as only a fraction of the agency’s fund was left in the bank’s portfolio, due to shortages of foreign exchange which delayed transfer.

    According to the […]