Skye Bank Plc has announced its plans to invest up to $150m in the power sector before the end of this year.
The Group Managing Director, Skye Bank, Mr. Kehinde Durosinmi-Etti, said that about 17 per cent of its loan portfolio would also be in the upstream oil and gas sector.
Speaking at the company’s pre-Annual General Meeting in Lagos on Monday, Durosinmi-Etti also said the bank might also be involved in buying some banks put up for sale, adding that if any of them was worth buying, Skye Bank might consider it.
He said the bank would be raising additional capital of up to N50bn before the end of the year, explaining that the funds would be used to boost its business and improve its capital base.
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