Nigeria's Central Bank Swoops In on Struggling Skye Bank
The central bank has closed the doors of Skye Bank as its top mananagement structure resigned en masse.
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Nigeria:
The Untold Story of Skye Bank
This Day, 13 July 2016
Last week, the Central Bank of Nigeria (CBN) confirmed our worst fears when it stepped in and sacked the board of directors of Skye Bank Plc, a Tier 2 bank, but systemically… Read more »
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Nigeria:
Uproar As CBN Takes Over Bank
Guardian, 5 July 2016
A militant group in the Niger Delta, Iduwn Volunteers Force (IVF) has asked President Muhammadu Buhari to halt the Central Bank of Nigeria's (CBN's) move to forcefully wind up Skye… Read more »
Skye Bank.
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Nigeria:
As the Central Bank of Nigeria Wields the Big Stick
Guardian, 11 July 2016
First, I have to make a confession that the above title was from a report I read online regarding the recent sack of the management of Skye Bank by the Central Bank of Nigeria… Read more »
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Nigeria:
Liquidity Crisis Consumes Skye Bank's Chairman, CEO
Vanguard, 5 July 2016
The liquidity crisis ravaging the banking industry consumed its first set of victims, yesterday, with the resignation of 12 directors of Skye Bank Plc, including the Chairman, Dr.… Read more »
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Nigeria:
Why CBN Replaced Board, Management of Skype Bank
Premium Times, 5 July 2016
On Monday the management and the entire board members of Skye Bank announced that they had "voluntarily" resigned after failing to steer the bank out of its liquidity palaver. Read more »
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Nigeria:
Skye Bank Shares Nosedive As CBN Sacks Board, Management
This Day, 5 July 2016
In what could be deemed a poorly guarded secret, the Central Bank of Nigeria (CBN), yesterday, finally announced the removal of the chairman of the board of Skye Bank Plc, Mr.… Read more »
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Nigeria:
CBN Takes Over Board of Skye Bank
Vanguard, 4 July 2016
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… Read more »
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Nigeria:
Skye Bank's Management, Board Resign - CBN Appoints Replacement
Premium Times, 4 July 2016
A large chunk of the management team and board of Skype Bank has resigned and the Central Bank of Nigeria has appointed a new chairman and management to immediate steer the affairs… Read more »
