‘If CBN can inject N786bn in one bank, it can save 154 MfBs with just N5bn each—Expert
Lagos development economist, Dr. Segun Arogundade, has described the insolvency and revocation of financial institutions’ including Micro Finance Banks, Finance Houses and Mortgage Banks as very wrong signals for small business operators including Micro Small and Medium Enterprises (MSMEs). In…
(Business Intelligence) From Skye to Polaris Bank; Hard questions for CBN, NDIC
Whereas several Nigerians and mainly customers’ of Polaris Bank, formally Skye Bank may feel good based on the pronouncement of the Central Bank of Nigeria (CBN) while revoking its licence, not many could recall that it is the same apex…
Just in: CBN revokes Skye Bank licence, names Polaris as receiving bridge bank
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, this Friday evening, September 21, 2018, announced the immediate revocation of the operating licence of Skye Bank Plc, but maintained sealed lips on reasons behind the regulatory action. While…
