Nigeria’s fragile business environment continues to suffer from weak insolvency frameworks, leaving companies, especially small and medium-sized enterprises (SMEs), vulnerable to collapse, unpaid wages, and worsening economic instability. The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has now partnered with Polaris Bank in a bid to address the gaps that have long undermined […]
By Temitope Adebayo Polaris Bank has assured that customers and non-customers alike can shop seamlessly and carry out all their transactions via its alternate channels: VULTe, USSD *833#, Polaris Mobile, PolarisXperience, ATMs, and PoS terminals during the Yuletide holidays. This commitment was disclosed by the Bank’s Group Head, Strategic Brand Management, Nduneche Ezurike, while speaking […]
By Motolani Oseni The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) on Thursday announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 per cent of the equity in Polaris Bank (Polaris) by Strategic Capital Investment Limited (SCIL). Polaris has been operating as a bridge […]
By Tom Okpe The House of Representatives on Wednesday affirmed that the ongoing process to sale Polaris Bank followed due process with Presidential approval. Chairman, Ad-hoc Committee investigating the sale of Polaris Bank, Rep Henry Nwawuba confirmed this during a press briefing at the national Assembly, Abuja, allaying investors’ fears on status of the financial […]
…Warns of negative effect on APC in 2023 Tunde Opalana, Abuja President Muhammadu Buhari has been urged not to allow planned sales of one of the commercial banks in the country, Polaris Bank. Recall that a news platform had recently reported that the CBN had allegedly proceeded with the processes of selling the bank on […]
By Mutiat Alli Rotimi Obajimi, a former athletics coach stole the show at the maiden edition of Polaris Bank-sponsored Unity Cup Golf Championship. To emerge winner, Obajimi grossed 81, for 69-net score to lift the tournaments coveted trophy. The event which attracted golfers from across the country also served as the Inaugural tournament for the […]
Polaris Bank, in its first audited financial result for the year ended 31st of December, 2020 recorded a whopping Profit-Before Tax (PBT) of N27.8billion. The result which suggests a compelling narrative of Nigeria’s banking industry followed from the turn-around initiatives are undertaken by the leadership of the Bank led by the Chief Executive Adetokunbo Abiru. […]
The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned a staff of Polaris Bank, formerly Skye Bank Plc, Babatunde Keshinro before an Ikeja Special Offences Court for allegedly stealing N12.6 million belonging to a customer. The EFCC charged Keshinro with nine counts bordering on theft, forgery and fraudulent use of account. EFCC counsel, Mrs. […]
A cross-section of customers of recently incorporated Polaris Bank Limited, the bridge bank licenced by the Nigeria’s financial regulatory bodies to take over the asset and all deposit liabilities and other liabilities of erstwhile Skye Bank, have expressed satisfaction of the seamless service offered by the new bank on the first working day of the […]