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CBN, AMCON Announce Sale Of Polaris Bank To SCIL For N1.305tr

Polaris Bank now has a new owner as the Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) formally announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 per cent of the equity in the deposit money bank by Strategic Capital Investment Limited (‘SCIL’).

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RT200: CBN Raked In $1.28 Billion In Ten Months

CBN

As the Central of Nigeria ((CBN) RT200 policy begins to gain traction, ten months after it was launched, a total of $1.28 billion in foreign exchange has been raked into the country, just as over N42 billion was paid out in rebates to exporters who facilitated their earnings through official window.

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