CBN settles N400bn First Bank loan as Heritage goes down

As Heritage goes down, First Bank scrambles to save N400bn loan

The Central Bank of Nigeria (CBN) has settled the over N400 billion owed to First Bank by the now-defunct Heritage Bank, according to the lender and sources familiar with the matter. “First Bank had exited the exposure and CBN settled the Bank,” Ismail Omamegbe, the lender’s corporate commu

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