Nigerian Stock Exchange Delists Skye Bank & Fortis MFB
Written by Smooth FM on August 22, 2019
The Nigerian Stock Exchange has delisted the shares of defunct Skye Bank Plc and Fortis Microfinance Bank Plc from the daily official list of the Exchange.
The NSE issued a statement on Wednesday, notifying dealing members of the delisting of the two banks.
The NSE says the delisting of the companies was approved by the National Council of the Exchange on Thursday, May 30, 2019.
The delisting is in line with the Exchange’s regulatory delisting process as a result of the revocation of their operating licences by their primary regulator, the Central Bank of Nigeria.