By InvestAdvocate

Lagos (INVESTADVOCATE)- The new management of Skye Bank Plc will this afternoon Friday July 8, 2016 visit the Nigerian Stock Exchange (NSE)  to brief the market  on the status of the bank.

Last Monday the Central Bank of Nigeria (CBN) dissolved the board and management of Skye Bank Plc on issues bordering on Non Performing Loans (NPLs), Liquidity concerns and Capital adequacy Ratio (CAR) and appointed MK Ahmad former PENCOM Chairman as the new chairman of the board and Tokunbo Abiru, former Commissioner of Finance, Lagos State as the new MD.

Prior to the sack, the managing director and some top management of Skye Bank resigned July 4 in anticipation of the planned dissolution of the board by the CBN.

Details of the briefing will be published on InvestAdvocate