By Emeka Anaeto, Business Editor, Babajide Komolafe, Peter Egwuatu and Nkiruka Nnorum
The Nigerian Stock Exchange, NSE has notified the investing public that the shares of Skye Bank Plc will be suspended from trading on the floor of the Exchange effective Monday, 24 September 2018.
According to statement by the bank : “This action is taken following the recent regulatory action of the Central Bank of Nigeria, CBN, revoking the banking license of Skye Bank and in exercise of the powers of The Exchange pursuant to the Rules on Suspension of Trading in Listed Securities, Rulebook of The Exchange (Issuers’ Rules).”
The Exchange, however, did not say what becomes of the fate of the equity investors rather, it merely said, “further developments will be communicated as appropriate in due course.“
Just before CBN anniunced the take over , investors on Friday traded 2,931,537…
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