Skye Bank News

Funke Opeke, CEO, MainOne

MainOne CEO Funke Opeke on the challenges of and opportunities for investing in Africa

While many fear investing in Africa, one woman has not been afraid of doing so. Funke Opeke is the Founder and CEO of one of the continent’s largest ICT companies, MainOne.

Africa's banker of tomorrow

Armed with fintech and fueled by data: Africa's banker of tomorrow

Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan.

Kamar Abass, CEO, Ntel

Nigeria's Ntel seeks $1 billion for mobile broadband growth

Nigerian Internet provider Ntel is seeking more than $1 billion to invest in 4G mobile broadband by 2020 as the owner of the former state landline company seeks to take advantage of a rising number of smartphone users in Africa’s most populous country.

Herbert Wigwe, CEO, Access Bank

Mobile telephony enables Nigerian banks to fine tune services

Uzoma Dozie can remember when really effective marketing by banks took a different form.

Fidelity Bank

Nigeria's Fidelity Bank raises $151M via bond issue to boost lending

Nigeria’s Fidelity Bank has raised 30 billion naira ($151 million) through an unsecured bond at 16.48 percent, to fund increased lending to small businesses and retail clients, financial advisers to the issue said on Monday.

Skye Bank

Nigeria's Skye Bank plans $251M rights issue after debt sale

Nigeria’s Skye Bank plans to raise 50 billion naira ($251 million) via a rights issue by the third quarter of 2015 to expand its loan book after it completed the sale of short-term commercial notes last week, it said on Wednesday.

Barclays Africa Seeks Nigerian Investment Banking License

Barclays Africa Seeks Nigerian Investment Banking License

Barclays Africa Group Ltd.’s corporate and investment banking unit has approached Nigerian authorities for approval to convert its representative office to a fully fledged business in the continent’s biggest economy.

Keystone Bank

Nigeria's AMCON to start Keystone Bank sale after elections

The Asset Management Corp. of Nigeria plans to begin the sale of Keystone Bank Ltd., the biggest of three lenders nationalized after a 2009 financial crisis, in the second quarter after general elections next month.

Amaka Onwughalu, Interim Managing Director of Mainstreet Bank

Nigeria's Skye Bank appoints Amaka Onwughalu as Interim Managing Director for Mainstreet Bank

Skye Bank Plc has appointed Amaka Onwughalu as the interim Managing Director for Mainstreet Bank Limited.

Skye Bank

Nigeria's Skye Bank completes payment for acquisition of Mainstreet Bank

Nigeria’s Skye Bank Plc has announced full payment of the remaining 80% balance for its purchase of Mainstreet Bank from the Asset Management Corporation of Nigeria (AMCON). Skype Bank now owns 100% of Mainstreet Bank.

Stanbic IBTC

Is there hidden value in Nigeria's Stanbic IBTC?

Stanbic IBTC is Nigeria’s best-performing bank stock. Its share price has climbed 40.5% this year and 55.4% over the past twelve months. Is it nearing the end of its run? Or is the market offering investors a discount to the bank’s real worth?

Enterprise Bank

Nigeria's Heritage is acquiring Enterprise Bank for $340M

Nigerian Heritage Banking Co. is paying 56.1 billion naira ($340 million) to acquire nationalised lender Enterprise Bank Ltd.

Skye Bank

Skye Bank picked as buyer for Nigeria's nationalized lender Mainstreet Bank

Nigeria’s state-owned rescue bank AMCON has selected mid-tier lender Skye Bank, as the successful bidder to buy nationalized lender Mainstreet Bank.

Goodluck Jonathan, President of Nigeria

Nigeria's Power Industry Bailout Heads Off Threat to Lenders

Nigeria has headed off a threat to its banking industry by propping up struggling power companies with an intervention fund, said analysts including Pabina Yinkere of Vetiva Capital Management Ltd.

Timothy Oguntayo, CEO, Skye Bank

Timothy Oguntayo takes charge as Skye Bank CEO

Former Group Managing Director/Chief Executive Officer GMD/CEO of Skye Bank Plc, Mr. Kehinde Durosinmi-Etti yesterday formally handed over the mantle of leadership of the bank to his successor, Mr. Timothy Oguntayo.