Tag Archives: Keystone Bank

Keystone Bank was on Thursday readmitted into the spot and wholesale forwards segment of the foreign exchange market by the Central Bank of Nigeria (CBN) sequel to the provision of evidence of sales of foreign exchange to Small and Medium scale Enterprises (SME) since the introduction of the special window for small businesses. The CBN had banned fourteen banks from …

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The Asset Management Corporation of Nigeria has announced the sale of Keystone Bank Plc (formerly Bank PHB). The bank was sold to Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf-Riverbank consortium) for a sum of N25 billion. AMCON did not officially disclose the purchase consideration. Here is what we know so far; The consortium that acquired …

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