• CBN approves short term facility for Skye Bank

    CBN approves short term facility for Skye Bank

    The Central Bank of Nigeria (CBN) has affirmed its confidence in Skye Bank Plc., through a guarantee line, which ensures that withdrawals it suffered in the wake of the undue panic recently does not adversely affect its operations.

    This development, analysts believe, lends credence to the regulator’s earlier assertion that Skye Bank is a Strategically Important Bank (SIB), with substantial market share, interconnectedness and significant relevance to the nation’s financial systems stability.

    A leading international news organisation, Bloomberg, reports that the apex […]