The Central Bank of Nigeria and the Asset Management Company of Nigeria have formally announced the completion of a Share Purchase Agreement for the acquisition of 100 per cent of the equity in Polaris Bank by Strategic Capital Investment Limited. The House of Representatives on Wednesday okayed the sale of Polaris Bank, noting that the acquisition followed laid down procedure and the relevant presidential approval. A statement issued by the Director, Corporate Communications Department at the Central Bank of Nigeria, OsitaNwanisobi, on behalf of the CBN and AMCON disclosed that…
Read MoreStrategic Capital Investment buys Polaris Bank for N50bn
