As a confirmation, the Central Bank Of Nigeria, CBN has confirmed all reports about its takeover of Skye bank.
The CBN in a letter to Skye Bank’s CEO informed him that the bank will be taken over as a result of the firm’s inability to meet the required capital adequacy ratio required for all banks.
The CBN has replaced the management, their names will be released as soon as possible.
Disclaimer
The content on this site, including news, quotes, data and other information, is sourced by PageOne from official and public sources and other third party content providers for your personal information only, and is not intended for trading purposes. Content on this site is not appropriate for the purposes of making a decision to carry out a transaction or trade. Nor does it provide any form of advice (investment, tax, legal) amounting to investment advice, or make any recommendations regarding particular financial instruments, investments or products.
