By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    UN
    North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel
    23 hours ago
    UNICEF
    How Wars Across Middle East, North Africa Affecting Children – UNICEF
    1 day ago
    UNDP
    UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil
    2 days ago
    UN Secretary-General Launches Report To Break “The Cycle Of Debt Distress”
    5 days ago
    Israel-Iran War: South Africa Wants United Nations To Step In
    2 weeks ago
  • Africa
    Africa
    Show More
    Top News
    Civil Society Organizations Share Experiences In Ending Gender-based Violence In Africa
    2 years ago
    Osinbajo Sees Digitalization As Africa’s Best Opportunity To Leap-frog
    2 years ago
    75th Anniversary: University Of Ghana Alumni In UK Celebrate With Fundraising Gala
    2 years ago
    Latest News
    Ooni’s Wife, Olori Temitope Enitan-Ogunwusi Takes Ile Ife Royalty To ADWIN Launch In Cote d’Ivoire
    3 weeks ago
    Independent UN Body Finds Systemic Racism Against Africans And People Of African Descent
    3 weeks ago
    Public Exit: Why South Africa Businesses Are Moving To Private Cloud
    4 weeks ago
    Cameroon Tops List Of World’s Most Neglected Displacement Crises
    4 weeks ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Political Thugs Change Tactics, Focus On Snatching BVAS Machines
    2 years ago
    Lagos SWAN Celebrates Senator Abiru @59
    2 years ago
    Nigeria: Presidential Election Tribunal Returns Tinubu As President, Strikes Out Atiku, Obi’s Case
    2 years ago
    Latest News
    Lagos LG Poll: Tunde Disco/Ganiyu Obasa Intensify Campaign In Agege
    6 days ago
    PHOTOS: Vinod Obasa Joins Other Lagos APC LG Candidates At Sanwo-Olu’s Reception
    1 week ago
    Lagos Lawmaker Praises Tinubu For Helping Nigeria Breathe Again
    3 weeks ago
    LG Election: Stakeholders Appeal To APC Not To Allow Chairmen Run For 3rd term
    2 months ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    2025 World Drug Day: CIKDAS, Flour Mills, Planet Bottling Company Partner To Combat Drug Abuse Amongst Youths
    2 days ago
    D2D Satellite Comms: Nigeria’s Space Research Agency Signs MoU With Chinese Firm, Galaxy Space
    2 weeks ago
    Substance Use Prevention In Focus As NDLEA, UNODC Unveil 2025 World Drug Day Activities
    2 weeks ago
    Benue: Stop the Killings, CAPPA Demands Immediate Action
    2 weeks ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Whiskey: Burna Boy’s Story On Pollution, Flood And Negligence
    3 years ago
    XPression With CDO Train To Hit Nigerian Campuses Soon
    2 years ago
    Asake Out With 14-track ‘Work of Art’ Album
    2 years ago
    Latest News
    The Drama Returns As BBNaija ‘No Loose Guard’ Reunion Premieres June 23
    2 weeks ago
    You Can’t Fake it — James Omekwe On MultiChoice’s Impact On African Filmmaking
    3 weeks ago
    Jkenova and Ellacentric Exit Nigerian Idol Season 10 In Emotional Farewell
    3 weeks ago
    MultiChoice Africa x African Storytelling: How Local Content Shapes Local Culture
    4 weeks ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    Lagos To Celebrate Annual Yoruba Culture Last Week Of September
    1 year ago
    Glame Attires Steals The Show At Warri Fashion Lifestyle Festival
    2 years ago
    2nd International Conference for Event Ushers Holds In Ibadan
    4 months ago
    Latest News
    Noble Call to Service: Inside the Induction of 104 New Knights of St. Mulumba
    2 weeks ago
    Joining The Knighthood Brings You Closer To God -Sir Eva Njemanze
    2 weeks ago
    Africa Tech Festival Unveils Strategic Themes For 2025 Event,
    3 weeks ago
    Lagos SWAN Joins UN To Celebrate World Nutrition Month At Unilag Confab
    1 month ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    NNPCL Board Accused Of Planning Lavish Party In Rwanda Amidst N210tn Financial Scandal
    2 weeks ago
    Can the African Energy Bank Transform the Continent’s Refining and Downstream Future?
    3 weeks ago
    Lagos Will Continue To Lead Initiatives That Accelerate Economic Diversification – Sanwo-Olu
    1 month ago
    Afreximbank
    Afreximbank Reports Strong Performance For Q1 2025 In Line With expectations
    1 month ago
    Pan-African Payment & Settlement System
    Nigeria Unlocks Intra-African Trade With New Pan-African Payment & Settlement System Policy Boost
    2 months ago
  • Health
    Health
    Show More
    Top News
    Lagos Health Commissioner Visits LASUTH To Inspect OSSAP-SDGs Project
    2 years ago
    One In Six People Affected By Infertility Globally
    2 years ago
    Mental Health Disorder
    Half Of World’s Population Will Experience A Mental Health Disorder – Study
    2 years ago
    Latest News
    Online Education Can Enhance Clinical Guideline Use By Over 50% 
    3 weeks ago
    The Hidden Lifeline – Blood Security And Africa’s Health Agenda By Dr Allan Pamba
    3 weeks ago
    Apepa or Arterial Blockage? The Urgency of Self-Care After 45 By Babafemi Ojudu
    4 weeks ago
    Roche Launches Diagnostics Operations In Nigeria,
    4 weeks ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: Management Denies Sale Of Polaris Bank
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > Uncategorized > Management Denies Sale Of Polaris Bank
Uncategorized

Management Denies Sale Of Polaris Bank

Last updated: 2022/08/06 at 7:35 AM
3 years ago
Share
SHARE

Management of Polaris Bank has debunked rumours milling around that the bank has been put up for sale.

The bank says an online publication purportedly circulating that the bank has been sold was false and should be disregarded by the members of the Nigerian public.

The statement from the bank on Friday reads: “Our attention has been drawn to an online report on the purported sale of Polaris Bank Limited.

“This publication is speculative, deliberately intended to create panic and should be disregarded by the banking public.

- Advertisement -
Ad imageAd image

“Stakeholders may recall the regulatory intervention in the erstwhile Skye Bank by the CBN and the subsequent injection of capital via the Asset Management Corporation of Nigeria (AMCON) through a bridge bank process, which birthed Polaris Bank in 2018. The bank has since stabilized its operations following the intervention; improving its balance sheet, customer base and profitability.

“Whilst the intention has always been to return the bank to private ownership, such a sale would occur following regulatory approvals with formal notification to all relevant stakeholders. The Bank is committed to ensuring timely communication to the public during such an event.

“The Board and Management hereby reassure its customers, staff and the general public that Polaris Bank remains a stable, strong and credible financial institution, positioned to deliver sustainable value to all its stakeholders.”

You Might Also Like

New Revolution Cup: Igando FC Coach Eyes Victory Against Kings Boys

IMSUAA 2025 Convention Theme Unveiled As La-Ghost Speaks On Prospects of Heartland 2025

NDLEA Busts Syndicate Sponsoring Pilgrims With Cocaine To Hajj

Afreximbank Wins Mandate As Sole Financial Advisor For South Africa’s $1.7-billion Suiso Project

Gateway Games: Why I Dumped Team Imo For Abia State – Badminton Player

TAGGED: CBN, Polaris Bank
INadminNG August 6, 2022 August 6, 2022
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article New Films Showing Impacts Of yellow Fever In Nigeria Produced
Next Article Team Nigeria’s Medal Haul At Birmingham Games Excites Buhari
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?