Senate Passes Controversial Bill to Establish National Animal Husbandry and Ranches Commission

The Nigerian Senate witnessed a heated debate on Wednesday as senators clashed over the bill to establish a National Animal Husbandry and Ranches Commission, aimed at regulating, managing, preserving, and controlling ranches across the country. Despite the contentious discussions, the bill, tagged SB. 466, was approved for a second reading and referred to the Senate…

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House of Representatives Approves Bill for Creation of Orlu State

In a significant legislative development, the Nigerian House of Representatives approved a bill on Thursday to establish Orlu State, a new state in the Southeast region of the country. Sponsored by Hon. Ikeagwuonu Ugochinyere, who represents Imo State’s Ideato North South Federal Constituency, along with other supporting legislators, the bill successfully passed its first reading….

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How Heritage Bank Customers Will Receive ₦5 Million in Insured Funds: A Step-by-Step Guide

The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of Heritage Bank Plc that they will receive their insured funds following the bank’s liquidation. This announcement came shortly after the Central Bank of Nigeria (CBN) revoked Heritage Bank’s commercial banking license and appointed the NDIC as the liquidator. NDIC spokesman Bashir Nuhu confirmed that depositors…

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CBN Revokes Heritage Bank’s License Amidst Financial Stability Concerns

In a move aimed at safeguarding Nigeria’s financial system, the Central Bank of Nigeria (CBN) has taken decisive action by revoking the operating license of Heritage Bank Plc. The decision, announced by Hakama Ali, the Acting Director of Corporate Communications at the CBN, underscores the regulatory body’s commitment to upholding the integrity and stability of…

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