Due to the change of
leadership in Skye Bank Plc, one of Nigeria’s commercial Banks, the bank’s
share further dropped by 8.4% at the close of market
on Friday following investors continued
reactions.
The Central Bank of Nigeria
(CBN) removed the board and management of the bank on Monday, and replaced them
with another, a measure it said, was to redirect the bank.
The bank’s shares had
depreciated by 9.5 per cent on Monday, forcing it to close at 95k per share.
A breakdown of the activity
chart on the Exchange showed that investors sold 21.59 million shares of Skye
Bank valued at N18.79 million.
No comments:
Post a Comment