Defunct Skye Bank's Directors Quizzed For Insider Abuse, Others   The Nigeria Deposit Insurance Corporation and the Central Bank of Nigeria are monitoring the investigations by law enforcement agencies against the directors and management of the failed Skye Bank Plc. The move is to determine their culpability...

About four months after it disengaged about 200 of its workers, Skye Bank Plc has retrenched about 50 members of staff, including those in outsourced and auxiliary functions. Although the number of the affected non-core employees could not be ascertained since they were not direct...

Banks have defied the recession as they continued to post huge profits in their third quarter results. Ten out of 15 quoted banks on the Nigerian Stock Exchange have submitted their unaudited results as of September 2016 where five out of them recorded increases in...

The Central Bank of Nigeria has again faulted speculations that some banks in the country may be going under because they are distressed, stating that all existing banks are in safe financial condition. The apex bank in a statement issued by the Acting Director, Corporate...

The Central Bank of Nigeria (CBN)  took over the operations of the Skye Bank due to the bank’s failure to meet its minimum thresholds in critical prudential and adequacy ratios. Shortly before it announced the dissolution of the bank’s board, the chairman, non-executive directors, managing...

The Central Bank of Nigeria (CBN) has appointed Alhaji M. K. Ahmed an experienced economist and and former Director General of National Pension Commission (PENCOM) as Chairman of Skye Bank while Mr. Tokunbo Aberu, a seasoned banker and former Lagos Finance Commissioner as Managing...