Tag Archives: Skye Bank

The Central Bank of Nigeria (CBN) has assured that all employees of now defunct Skye Bank are to be absorbed by the new Polaris Bank under a new contract unless any employee decides to opt out. Also, the CBN declared that all depositors shall retain their deposits and that normal banking services shall continue in the new bank on Monday, …

The Central Bank of Nigeria, CBN, on Monday, took over the Board and management of Skye Bank Plc after the lender failed to meet the regulator’s minimum key liquidity and capital adequacy ratios. The CBN Governor, Godwin Emefiele, disclosed this at a press conference, held at the CBN’s head office in Lagos. Emefiele said the apex bank had appointed a …