CBN denies planning to revoke licences of Unity Bank, Polaris Bank, Keystone

The Central Bank of Nigeria (CBN) says it has no plans to revoke the banking licences of Unity, Polaris, and Keystone banks.

Online reports had claimed the apex bank would terminate the licences of the three banks, following the revocation of Heritage Bank’s licence.

According to the CBN, the decision was made due to the bank’s inability to improve its financial performance.

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