Skye Bank to appear before stock exchange today

The new management of Skye Bank plc will today brief the Nigerian Stock Exchange (NSE) on the recent development at the Bank.

The meeting scheduled to hold at 12:00noon is expected to dwell extensively on the remote and immediate factors responsible for the Central Bank of Nigeria (CBN) intervention.

Invitation to key stakeholders obtained by City BusinessNews read: “Due to the recent development at the Skye Bank, the new management will visit  the Nigerian Stock Exchange on Friday, July 8, 2016 to address the market on the status of the bank”.

The new Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, had 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 investments.

Meanwhile, Speaker, House of Representatives, Mr Yakubu Dogara will on Friday ring the bell at the Nigerian Stock Exchange (NSE) in Lagos.

A statement issued by the Speaker’s Special Adviser on Media and Public Affairs, Mr Turaki Hassan, said that Dogara would ring the bell to close activities on the floor of the exchange by 2p.m.

*Contact Editor on Citybusinessnews@yahoo.com