Skye Bank outlines recapitalisation, future plans

Skye Bank Plc says it has appointed a reputable investment bank as its financial adviser for its proposed recapitalisation programme. A joint statement, signed by the bank’s Chairman, M. K Ahmad, and the Group Managing Director, Mr. Tokunbo Abiru, indicated that the financial adviser had identified the various options open to the bank for recapitalisation […]

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‘CBN supports for Skye Bank extend for another year’

The Central Bank of Nigeria has extended guarantees to Skye Bank for another year while it considers the bank’s recapitalisation proposal, the mid-tier lender said in a statement. The central bank shored up the Skye last year with a ₦100 billion ($328 million) capital injection, after sacking its top management for failing to meet minimum […]

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