Skye Bank acquires Mainstreet Bank

With the completion and signing of share purchase agreements (SPAs) with the Assets Management Corporation of Nigeria (AMCON), Skye Bank Plc is stepping up to the level of 1st tier banks.



AMCON, in a statement signed by its Head, Corporate Communications Strategy and Research, Mr. Kayode Lambo, last week announced that Skye Bank is the preferred bidder for the acquisition of the entire issued and fully paid-up ordinary shares of Mainstreet Bank.





Within four days of AMCON’s announcement of Skye Bank as the preferred bidder for Mainstreet Bank, Skye Bank paid the mandatory 20% deposit of the bid price, which was the same day it signed the SPA and well ahead of the deadline, which was October 9, 2014. Skye Bank again, on Oct. 31, paid the 80% balance to complete the take-over of Mainstreet Bank ahead of the transaction deadline.

Balling! Kim K's Mobile Game App makes $43million in 3 months

Kim K's mobile phone game 'Kim Kardashian Hollywood', pulled in $43million in three months, between June to September 2014, and her own cut is roughly about $15million. Wow! The game has been downloaded 22.8 million times since it was launched in June.

New Video: Presh ft Tiwa Savage - I No Dey Lie

Few days ago, Eric Manny Entertainment premiered the brand new single from 'Presh' which featured Tiwa Savage. Following that feat, here's the official video for the big collaboration. The video was directed by celebrated video director 'Sesan' & it features the two artistes in flashy scenes! Enjoy...

Photos: Who knew Triple MG artist, Selebobo, had a body like this?

Selebobo is an artiste and producer with Made Men Music Group. Ladies, would you 'hit'? Lol. See more photos after the cut...

Sexy photos: Beyonce puts her hot body on display

She's got 99 problems and her butt isn't one! Phenomenal woman!

Graphic pics from scene of the blast at Yobe secondary school

AP has obtained some photos from the scene of today's blast at the Government Science Secondary School Potiskum in Yobe state. Above are some injured students being attended to by doctors at the Potiskum General Hospital. 47 students have been confirmed dead, while 79 were injured. See more pics from the scene after the cut...*graphic content when you continue*...

Photo credit: AP

Woman whose Police husband ran over with bus dies..

This is so sad..Dupe who was crushed with a bus by her police husband who also stabbed their baby to death has passed on..Just last week, Punch spoke to her and she was asking for her baby, unknown to her,the baby was killed by her husband who is at large. (Here)

Punch reports again that Dupe died at about 6.30pm on Friday, November 7, after her condition worsened at a traditional orthopedic hospital in Mushin, Lagos.On Thursday morning, she was said to have fainted.

At the hospital, a nurse said that Dupe’s spinal cord and one of the bones around her neck were also affected by the incident, and had worsened her case…Her brother Segun Akiode said

She has died. She passed on at about 6.30pm. That is where I am now. We went to the CP’s office in the afternoon, and he responded to us very well. He directed us to meet with an officer at the appropriate quarters. Unfortunately, Dupe is dead now, and the whole family is in sorrow.”

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