The apex bank has transferred the liabilities, assets and management of the distressed bank to a newly licenced entity, Polaris Bank to ensure that Skye depositors are taken care of and deposits are not lost.
Central Bank Revokes Skye Bank's Licence
Leadership, 22 September 2018
The Central Bank of Nigeria (CBN) has revoked the licence of Skye Bank following the inability of the owners of the bank to prop up its capital. Read more »
Polaris Bank Takes Over as Skye Bank's Licence Is Revoked
This Day, 22 September 2018
The Central Bank of Nigeria (CBN) yesterday revoked the operating licence of Skye Bank Plc exactly 27 months after its intervened in the ailing bank. Read more »
NSE Suspends Trading on Skye Bank Shares
Vanguard, 22 September 2018
The Nigerian Stock Exchange (NSE) on Friday officially notified the investing public that Skye Bank Plc shares would be suspended from trading on Sept. 24. Read more »
CBN Revokes Skye Bank License
The Central Bank of Nigeria (CBN) yesterday revoked the license of Skye Bank, and transferred its assets and liabilities to a newly licensed bridge bank called Polaris Bank. Read more »
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