Skye Bank may sell some or all of its local and foreign subsidiaries as part of a review aimed at streamlining operations and boosting its capital adequacy, its chief financial officer said. The Nigerian central bank shored up Skye Bank in July with a more than 100 billion naira ($329 million) capital injection, after sacking its top management for failing to meet minimum capital requirements. It then appointed a new management team.

Skye's CFO Pius Olaoye said on Tuesday that the bank would sell subsidiaries if the pricing was right and has appointed advisers to help find buyers. Skye, which holds an international bank license, has three subsidiaries in West Africa and 10 non-bank subsidiaries.

"We're looking at the various outlets that we have and some of those foreign subsidiaries ...

The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Council (NERDC), to include Capital Market Studies (CMS) into schools curriculums in the country. This was done weekend at the Commission's head office in Abuja in an effort to revive the collaboration between both organizations. 

Speaking during the event, the Director General of SEC, Mounir Gwarzo said that the Commission has been in the vanguard of inculcating financial literacy for quite a long time because the SEC has realized that it is very important for students to imbibe the culture and habit of being financial literate and to be familiar with the operations of the capital market.

Gwarzo expressed enthusiasm that the collaboration ...