Banking Latest News

CBN Revokes Skye Bank’s Licence, Polaris Takes Over

The Central Bank of Nigeria (CBN) on Friday revoked the operating licence of Skye Bank Plc with immediate effect. The Governor of Central Bank, Godwin Emefiele, who disclosed this during a press briefing in Lagos, explained that following the regulatory decision, Polaris Bank would take over all the assets and liabilities of the defunct Skye […]