Archives Tag: AMCON
CBN Announces Takeover of Skye Bank By Polaris Bank
April 19, 2022
The Central Bank of Nigeria has announced that it has revoked the operating license of Skye Bank, one of the country’s major commercial banks. This was disclosed by the CBN Governor Godwin Emefiele, at a press briefing held in Lagos on Friday. Mr. Emefiele also revealed that the assets and liabilities of Skye bank were … Continue reading CBN Announces Takeover of Skye Bank By Polaris Bank
AMCON Sells Keystone Bank to Nigerian Consortium
April 19, 2022
The Assets Management Company of Nigeria (AMCON) says it has sold Keystone Bank to local investors. This announcement was made through a statement issued by the body on Monday. Keystone bank, formerly known as the Platinum and Habib Bank (Bank PHB), was one of three banks that had been taken over by AMCON following the … Continue reading AMCON Sells Keystone Bank to Nigerian Consortium
Standard Chartered Bank, others, buy Union Bank for $500 million
April 19, 2022
Standard Chatered Bank, a member of a strategically aligned group of investors, that came together to form Union Global Partners, has bought 65% stake in Union Bank of Nigeria Plc, or 11,008,274,206 common shares for $500 million dollars. This recapitalization of the bank, comes as a reformist MD, Funke Osibodu, bows out and a new … Continue reading Standard Chartered Bank, others, buy Union Bank for $500 million
By david
