The Central Bank of Nigeria (CBN) has revoked the operating licence of Skye Bank Plc with immediate effect.
Governor of Central Bank, Godwin Emefiele, disclosed this during a press briefing in Lagos on Friday.
He said that Skye Bank would now be taken over by Polaris Bank, which would take over all the assets and liabilities of the defunct entity.
The CBN governor also announced the injection of a fresh N786 billion into bank, while the Asset Management Corporation of Nigeria (AMCON) has been asked to immediately commence the sale process of the assets of the defunct bank from next Monday.
Nigeria's agricultural sector has long been a significant contributor to national growth, with the potential…
Police has identified the officer who shot a man dead during a fuel queue tumult in Lagos.…
A federal jury in New Haven, Connecticut, Wednesday, convicted an extradited Nigerian, Okechukwu Osuji, for…
How Finidi beat Amuneke and others to clinch the Super Eagles coaching job has emerged.…
Police have arrested a suspected mastermind of Abuja-Kaduna train attack and others. Glamtush reports…
Cubana Chief Priest and the EFCC have opted for an out-of-court settlement over his naira…