Skye Bank picked as buyer for Nigeria's nationalized lender Mainstreet

 

The Asset Management Company of Nigeria (AMCON) says it has selected mid-tier lender Skye Bank, as the successful bidder to buy nationalised lender Mainstreet Bank

An AMCON statement released on Saturday did not give details of the agreed price of the sale.

Asset Management Company of Nigeria (AMCON) had sought bidders for the sale of its 100 percent stake in Mainstreet Bank, one of three banks nationalised following a $4 billion central bank bailout that saved several Nigerian lenders from near bankruptcy in 2009.