Skye Bank Plc
Examining issues of corporate governance in Nigerian banks
The Central Bank of Nigeria (CBN), 2014 defines Corporate Governance (CG) as ‘the rules, processes, or laws by which institutions are operated, regulated and governed’.
Knocks, kudos as Access takes over Diamond Bank
Shareholders of Diamond Bank Plc have demanded an investigation into the financial institution’s “merger” with Access Bank Plc. The deal worth...
Shareholders may lose over N10 billion to Skye Bank’s takeover
With the recent takeover of Skye Bank Plc by Polaris Bank, following the inability of the owners of the bank to shore up the capital of the distressed bank, shareholders are now at the risk of losing an estimated N10.69 billion, being the value of the shareholders’ fund. The shareholders, who spoke in an…
‘Mismanaging officers’ of Skye Bank under investigation
The events leading to capital erosion of the defunct Skye Bank Plc, and the roles played by its officers would be unearthed soon, going by assurances from the Nigerian Deposit Insurance Corporation (NDIC).
Court freezes businessman’s accounts for alleged $158, 000 fraud
A Lagos Federal High Court, has granted an order freezing the accounts of a Lagos-based businessman, Mr. Ayeni Oluwafemi Oluwale and his company, Femglare International Limited over alleged US$158,000 alleged fraud. This followed an ex-parte application filed by the Economic and Financial Crimes Commission (EFCC) and argued by one of its counsel, Mr George Chia –Yakua…
Why four Skye Bank executive directors resigned
The reason for the resignation of four Executive Directors of Skye Bank Plc was to allow new strength and ideas that would also contribute to the growth of the bank.
Bank rewards customers in MoneyGram promo
Three lucky customers of Skye Bank Plc., across different business locations of the Bank, have emerged winners in the ongoing Skye Bank - MoneyGram “Receive n Win Promo”
Skye Bank gets CBN’s guarantee, Kogi’s IGR collection
Skye Bank Plc has received regulatory pass mark as the Central Bank of Nigeria (CBN) as instituted a credit guarantee line for the lender. The development which serves as affirmation ...
Investors stake N9.3b equities in one week
The Nigerian Stock Exchange recorded a turnover of 1.350 billion shares worth N9.287 billion in 18,679 deals last week.This volume of shares traded was, however, lower than a total of 1.149 billion units, valued at N13.616 billion that changed hands in 21,868 ...