Breaking News : CBN Withdraws Skye Bank's Operating License

The Central Bank of Nigeria (CBN) has withdrawn the operating license of Skye Bank.

The withdrawal has allegedly been attributed to the bank not been able to satisfy the provisions of the Central Bank of Nigeria.

Nigeria Deposit Insurance Corporation has announced the liquidation of Skye.

The former Skye Bank which has been taken over by the Assets Management Corporations of Nigeria (AMCON) will now be known as Polaris Bank.

Details later.