Tag: Skye Bank

Shareholders endorse Skye Bank’s plan to raise N50bn

Shareholders of Skye Bank Plc have endorsed the plan by the bank to raise additional capital of up to N50bn. A statement by the bank explained that the shareholders gave the approval on Wednesday during the bank’s seventh Annual General Meeting in Lagos. They also approved the bank’s plan to […]

Banks disposed to lending to oil companies

The Group Managing Director/Chief Executive Officer, Skye Bank Plc, Mr. Kehinde Durosinmi-Etti, has said banks in the country are more favourably disposed to lending to oil producing companies at the point when oil reserves have been confirmed. A statement by the bank on Friday quoted Durosinmi-Etti as saying, “Oil exploration […]

Skye Bank Finances Pan Ocean’s Gas Plant

As further demonstration of its renewed commitment to the development of indigenous capacity in the oil and gas sector, through funding, Skye Bank Plc has provided funding for Pan Ocean Oil Corporation’s Ovade-Ogharefe Gas Processing Plant.   The Ovade-Ogharefe Gas Processing Plant was designed as a Carbon Emission Reduction Project […]