By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday said no Nigerian Bank was in distress, this is coming on the heels of reports after the this week’s sudden mass resignation of the board of Skye Bank Plc that Nigerian Banks are distressed. The CBN said […]
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Oil prices edge up amid Brexit concerns, supply risks
6/7/2016/Reuters By Aaron Sheldrick Oil prices were slightly higher after falling earlier in Asian trading on Wednesday amid the wider market turmoil set off by mounting concerns over the economic impact of Britain’s vote to leave the European Union. U.S. crude was up 4 cents at $46.64 a barrel at […]
New MD unveils vision for Skye Bank
6/7/2016/Punch By Akinpelu Dada The new Group Managing Director/Chief Executive Officer, Skye Bank Plc, Mr. Tokunbo Abiru, has reiterated the the Central Bank of Nigeria’s position that the lender remains healthy and strong. Abiru, who spoke after taking over from his predecessor, Mr. Timothy Oguntayo, said that the bank’s fundamentals […]
