Nigerian Stock Exchange Delists Skye Bank, Fortis Microfinance Bank - THISDAYLIVE

The Nigerian Stock Exchange wednesday delisted Skye Bank Plc and Fortis Microfinance Bank Plc following approval from the National Council of the exchange. In a notification to market operators, the NSE said the delisting which was pursuant to Clause 15 of the General Undertaking , Appendix 111 of the the Rule Book of the exchange, was as a result of the revocation of their operating licences by their primary regulator, the Central Bank of Nigeria.

Before the delisting of Skye Bank Plc, the Securities and Exchange Commission had directed to shareholders of defunct bank to claim their dividends. She said: “We have informed shareholders of the defunct Skye Bank that unclaimed dividends declared by the bank are being held in trust on their behalf. This will further help reduce the volume of unclaimed dividends in the market and boost investor confidence. Investors that have unclaimed dividends are, therefore, advised to contact Cardinalstone Registrars to process their dividend payments.”

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