Nigerian Bank Workers Criticize CBN for Intensified Cash Shortages
In Nigeria, intensifying cash shortages have led bank workers, represented by ASSBIFI, to criticize the Central Bank of Nigeria (CBN) for not meeting cash demands. They argue that this, combined with retailers profiting from cash sales to POS operators instead of returning it to banks, is causing significant strain. The crisis is unfolding alongside economic challenges, including inflation and public discontent over monetary policies.
Nigerian Protesters Display Military Flags, Contradicting Authorities' Russian Flag Claims
Protesters in Nigeria displayed Nigerian military flags, debunking authorities' claims of Russian flags. The event is part of a broader call for political reform and highlights the importance of accurate media reporting, as it reflects the protesters' plea for better governance and security.
Nigeria's Central Bank Revokes Heritage Bank's Operating Licence Over Capital and Governance Issues
The Central Bank of Nigeria has revoked the licence of Heritage Bank due to failure to meet capital requirements and poor corporate governance. The bank struggled to comply with regulatory standards despite multiple warnings. A liquidator has been appointed to manage the bank's assets and ensure depositor funds are secure.