Omodele Adigun Just like a python that swallowed up mother elephant, the swallow of Mainstreet Bank in N126billion acquisition deal, as well as reckless inside-related loans, has become the albatross that finally grounded Skye Bank Plc. The cusp of its failings, as inferred from its 2016 take-over by the Central Bank of Nigeria (CBN), was […]
The post How N126bn acquisition deal, reckless loans sank Skye Bank appeared first on The Sun Nigeria. …
Polaris Bank
Customers meet seamless services at Polaris Bank
Polaris Bank: Normalcy returns to branches in Abuja
Normalcy seems to have returned to Polaris Bank (former Skye Bank) branches across Abuja as staff, clients and customers were seen going about their expected and normal banking operations without itches or delay. It could be recalled that the now Polaris Bank was set up by the Central Bank of Nigeria (CBN) as a bridgeRead More …
Polaris Bank: Customers advise management on improved service delivery
NAN Some customers of Polaris Bank, formerly Skye Bank, in Sango-Ota, Ogun, have advised the management of the bank to improve on its service delivery to restore depositors’ confidence. They gave the advice in separate interviews with the News Agency of Nigeria (NAN) on Monday in Sango-Ota, Ogun. NAN reports that the Central Bank of […]
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‘Revocation of Skye Bank’s licence’ll erode investor confidence’
Chiwendu Obienyi Financial and investment experts have warned that the revocation of banking licence of Skye Bank Plc by the Central Bank of Nigeria (CBN), could further erode the confidence of investors in the nations capital market. Their observation came after the CBN on Friday revoked the operating licence of the bank, saying the decision was […]
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Skye: AMCON pumps ₦786bn into new Polaris Bank
ASSETS Management Corporation of Nigeria (AMCON) is injecting through ₦786 billion into new Polaris Bank as a way of returning it to soundness and profitability. Polaris Bank is the bridge bank unveiled by Central Bank […]
The post Skye: AMCON pumps ₦786bn into new Polaris Bank appeared first on Tribune. …
10 Things To Know About Skye Bank Takeover
The Central Bank of Nigeria (CBN) yesterday announced the takeover of Skye Bank by a bridge bank, Polaris. These are 10 things to know about the entire process and future expectations: 1. Skye bank’s operating licence has been withdrawn The Central Bank of Nigeria has withdrawn the licence of the bank, effective Friday. 2. CBN, […]
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