CBN completes sale of Polaris Bank to Strategic Capital Investment Limited (SCIL) for N50bn
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) on Thursday confirmed the sales of Polaris Bank. This followed the completion of a Share Purchase Agreement (SPA) for the acquisition of a 100 percent stake in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’). The House of Representatives had on … [Read more…]