CBN withdraws Skye Bank’s operating license
21 September 2018 |
6:46 pm
The Central Bank of Nigeria (CBN) has revoked the operating licence of Skye Bank Plc with immediate effect. This was declared by the apex bank Governor Godwin Emefile on Friday evening in Lagos. Meanwhile, Polaris Bank has been established to assume ownership of the assets and liabilities of Skye Bank, while the management of the…
Skye Bank
The Central Bank of Nigeria (CBN) has revoked the operating licence of Skye Bank Plc with immediate effect.
This was declared by the apex bank Governor Godwin Emefile on Friday evening in Lagos.
Meanwhile, Polaris Bank has been established to assume ownership of the assets and liabilities of Skye Bank, while the management of the defunct bank was retained for its good performance.
Emefile said N786 billion has been injected into the bank with the Asset Management Corporation of Nigeria ordered to commence the sale process of the bank from Monday.
CBN said that customers deposits are safe despite the revocation of the licence.
The defunct Skye Bank has been on CBN’s lifeline since July 2016 and the apex bank says it can no longer continue to intervene to keep the balance liquid.
Related
1 hour ago
The Rivers Commissioner for Finance, Mr. Isaac Kamalu, resigned his appointment on Wednesday. He is the second commissioner to resign from the cabinet on Wednesday after Gov. Siminialaye Fubara, announced a slight cabinet reshuffle on Tuesday. The first to resign was Prof. Zacchaeus Adangor, Attorney-General and Commissioner for Justice. In the cabinet reshuffle, the governor…
2 hours ago
President Bola Tinubu has approved the take-off of the first phase of the Consumer Credit Scheme (CCS) starting with members of the civil service. This is contained in a statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, on Wednesday in Abuja. The News Agency of Nigeria (NAN) reports that…
2 hours ago
Multichoice Nigeria on Wednesday announced another price increase on the DStv and GOtv packages. The company in a statement said that the new prices will take effect from Wednesday, May 1, 2024. In the new price list for DStv, Premium bouquet, the price moved from N29,500 to N37,000; Compact+ from N19,800 to N25,000; Compact from…
4 hours ago
Bayelsa Deputy Governor Lawrence Ewhrudjakpo has been appointed as head of the Ondo State’s Peoples Democratic Party (PDP) governorship primary election scheduled for Thursday. This is contained in a statement made available to newsmen on Wednesday in Akure by Mr Kennedy Peretei, the Publicity Secretary of PDP in the state. The News Agency of Nigeria…
4 hours ago
The Nigerian government has suspended Dana Air a day after one of its aircraft crash-landed in Lagos. Nigeria's aviation minister Festus Keyamo directed the Nigeria Civil Aviation Authority (NCAA) to implement the suspension on Dana Air over safety concerns. "In light of these incidents and with the paramount priority being the safety and well-being of…
4 hours ago
The Nigerian Meteorological Agency (NiMet) predicts sunshine and thunderstorms throughout the country from Wednesday to Friday. NiMet's weather forecast, released on Tuesday, predicted a sunny atmosphere over the northern region for the entire forecast period. NiMet predicted isolated thunderstorms in parts of Kebbi, Taraba, Zamfara, and Kaduna during the afternoon and evening hours. The agency…
4 hours ago
Tradegy struck as a newborn baby drowned inside a well at Ruguzau in Takai Local Government Area in Kano. This is contained in a statement signed by the Public Relations Officer of Kano State Fire Service, Alhaji Saminu Abdullahi, on Wednesday in Kano. He said the incident occurred on Tuesday afternoon. ”We received an emergency…
6 hours ago
<img src="https://guardian.ng/wp-content/uploads/2024/04/download-6-1.jpeg" alt="" width="299" height="168" class="size-full wp-image-2377592 The Kaduna Internal Revenue Service (KADIRS) on Wednesday sealed the United Bank for Africa branches in the state metropolis over alleged N14.3million unpaid tax. Speaking to newsmen after the exercise, Hajiya Aysha Ahmad, the KADIRS Board Secretary/Legal Adviser, said the enforcement was to ensure tax compliance in the…
6 hours ago
The Federal Government on Tuesday announced the appointment of 12 Consuls General to some Nigerian Missions abroad the appointment also includes five new five new Chargé D'affaires. The Consuls General are, Auwalu Jega Namadina, Atlanta, USA; Nnamdi Okechukwu Nne, Bata, Equatorial Guinea; Francis Ntui Enya, Douala, Cameroon; Gbadebo Afolabi, Shanghai, China and Oludare Ezekiel Folowosele,…
6 hours ago
President Bola Tinubu recently signed an executive order on oil and gas reforms in Nigeria. Presidency spokesman, Ajuri Ngelale, said following extensive engagements, analyses, and benchmarking with other jurisdictions, Tinubu initiated the amendment of primary legislation to introduce fiscal incentives for oil and gas projects. Tinubu's aide on social media, Dada Olusegun, in an update…
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.