News

EFCC arraigns banker for allegedly stealing customer’s N12.6m

Ihesiulo Grace 25 February 2020 0

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

Opinion

Skye Bank and political meddling in the corporate sector

Ihesiulo Grace 3 October 2018 0

Economists often talk about the 80/20 Principle, which is the idea that in any situation roughly 80 percent of the “work” will be done by 20 percent of the participants. In most societies, 20 percent of criminals commit 80 percent of crimes. ~Malcolm Gladwell, The Tipping Point: How Little Things Can Make a Big Difference. […]

Business Headlines

Polaris Bank delivers seamless banking to customers on first day of operation

Ihesiulo Grace 26 September 2018 0

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 […]

Business Headlines

CBN takes over Skye Bank, changes name to Polaris Bank

Ihesiulo Grace 22 September 2018 0

…Revokes licence, injects N786bn to save bank …Directs AMCON to begin sale process Monday The Central Bank of Nigeria (CBN), on Friday, revoked the operating licence of Skye Bank Plc with immediate effect. The CBN Governor, Mr. Godwin Emefiele, disclosed this during a press conference in Lagos. Emefiele added that the decision had been reached […]

Headlines News

Blind comedian, other residents of Glorious Villa Estate seek help over demolition

Ihesiulo Grace 6 September 2018 0

A visually-impaired comedian, Mr. Kelly Egbere, popularly known as Kelly Blind and residents of Glorious Villa Estate, Awoyaya, Abule Parapo, Ibeju-Lekki area of Lagos State, have appealed to the Lagos State Government to immediately look into the injustice allegedly meted on him and members of his community, Skye Bank Trustees, who they alleged demolished their […]

Business

How Unity, Wema, Skye Banks emerge best performing shares

Ihesiulo Grace 8 February 2018 0

Unity Bank Plc, Wema Bank Plc and Skye Bank Plc, have emerged as best banking performing shares in January, 2018. The three lenders share prices appreciated early in the year over foreign investors renewed interest in cheap shares and increased access to foreign exchange. Although, other 16 listed Deposit Money Banks (DMBs) on the Nigerian […]

Business

Skye Bank, six others win Lagos security trust’s fund top prize

Ihesiulo Grace 15 December 2017 0

Skye Bank Plc., one of Nigeria’s leading retail commercial banks and six other companies have been commended and awarded platinum prize for committing huge resources in support of securing lives and property in Lagos State. The top donor awards to Skye Bank and six organisations were part of the activities at the 11th Town Hall […]

Capital Market

Stakeholders anxious over Skye Bank’s financial statements

Ihesiulo Grace 24 November 2017 0

Cross- section of shareholders of Skye Bank Plc may have been reappraising their investments in the deposit money bank, going by the sustained tag of below listing standard on the bank by the Nigerian Stock Exchange (NSE). The Exchange identified the companies listed on Schedule 2 as companies that fell short of the minimum listing […]

Business Capital Market Health

Skye, First Bank Take Over Evans Medical for loan default

Ihesiulo Grace 20 October 2017 0

Evans Medical Plc on Friday announced a takeover of the company by its lenders, Skye Bank Plc and First Bank Plc due to a loan default. Evans medical notified investors of the development, via the Nigerian Stock Exchange, revealing that a receiver manager has also been appointed and has taken over the assets of the […]

Banking

Court Strikes Out FG’s TSA Case Against Commercial Banks

Ihesiulo Grace 9 August 2017 0

The Federal High Court sitting in Lagos has struck out a suit filed by the Federal Government against seven leading commercial banks. The FG had previously sought to seek the remittance of the sum of $793,200,000 allegedly hidden with them in contravention of the Treasury Single Account policy instituted by President Muhammadu Buhari in late […]

Banking Brands and Marketing Press Release

SKYE BANK GIVES OUT BRAND NEW CAR, A MILLION NAIRA AND OTHER GIFTS @GRAND DRAW TO END MONEYGRAM RECEIVE N WIN PROMO

Ihesiulo Grace 27 March 2017 0

Skye Bank Plc., is set to reward its loyal customers with a brand new car, a N1million naira and other cash and consolation prizes at a grand draw ceremony which brings to a close the 90-days Skye Bank/MoneyGram “Receive and Win” promotion which commenced in December 2016 through to February this year. According to a […]

Business Capital Market

NSE declares Skye Bank, 14 other stocks ‘below listing standard’

Ihesiulo Grace 12 January 2017 0

The Nigerian Stock Exchange (NSE) has placed a ‘below-listing standard’ (BLS) tag on Skye Bank and 12 other stocks presumably to warn the public about investing in them. The other stocks are Afromedia, John Holt, African Alliance Insurance, Great Nigeria Insurance, Resort Savings & Loans, Universal Insurance Company, Aso Savings & Loans, Ekocorp, Ikeja Hotel, […]

Business Capital Market

Investors chase Skye Bank shares

Ihesiulo Grace 21 July 2016 0

  Stocks of Skye Bank Plc shares topped the most traded stocks as well as the gainers chart for the second consecutive day on account of renewed investor confidence. Commenting on the stocks recovery, President of the Association of Stockbroking Houses of Nigeria, Mr. Emeka Madubuike said that “the initial fear is wading off because […]

Money

Skye Bank Warns against Neglect of MSME Sector

Ihesiulo Grace 21 April 2015 0

Skye Bank has warned against neglecting the Micro Small and Medium Enterprises (MSMEs) in the country, noting that any act of complacency over issues bothering the sector would adversely affect the fortunes of Nigeria’s economy.   Addressing over 200 customers and business partners drawn from the MSME sector that attended the South East edition of […]