By Moses Ebosele
The shares of Skye Bank Plc has continued its free fall on the floor of Nigerian Stock Exchange (NSE).
At the end of trading for the week ended Friday July 15, 2016, the Bank shares topped the table of ten stocks with depreciating value for the week.
For the Bank, the week started at 81 kobo and closed at 60 kobo, shedding 31.03 per cent, followed by NPF Microfinance Bank Plc, which opened at N1.19 kobo and closed at 94 kobo, losing 21.01 per cent.
The reconstituted Board and top management of the Bank recently visited the NSE to assure stockbrokers, investors and the capaital market community of its commitment to improve on the performance of the financial institution.
The new Group Managing Director/Chief Executive Officer of the, Mr. Tokunbo Abiru, pledged the commitment of the new management to harness expertise of employees and the reconstituted board as part of measures to take Skye Bank to new heights.
Abiru, who spoke after taking over from his predecessor, Mr. Timothy Oguntayo, explained that the bank’s fundamentals remained strong and assured the customers and other stakeholders of the safety of their funds and investment.
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