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Skye Bank has announced the promotion of over 300 staff in its employment following the 2016 annual staff performance review exercise.
The promotion which cuts across several cadres of staff up to managerial level is in line with the bank’s effort to reward staff who performed creditably in their various roles during the past financial year.
The bank also announced that it compensated some staff in the senior management cadre with monetary reward for their diligence and productivity whilst a handful of staff who failed in the performance appraisal exercise on account of poor performance were exited.
The management of the bank has since approved payment of the entitlement and severance packages to the exited staff as contained in their engagement letters and as agreed with the workers union.
While announcing the outcome of the annual Performance exercise, The Group Managing Director/Chief Executive Officer of Skye Bank, Mr. Tokunbo Abiru, congratulated all staff of the bank for their hard work in the last financial year especially given the challenging operating environment. According to him, “We will continue to reward our staff who display high level of commitment towards their responsibilities and the bank’s strategic objectives.”
Mr. Abiru further noted that “a performance-driven organization is critical to the achievement of the bank’s overarching objectives.” He urged the newly elevated staff to see their promotion as a call to re-dedicate themselves to excellence; assuring that those who deliver consistently on the job, would earn commensurate benefits that befit high performers.
Skye Bank had last week, announced the voluntary resignation of some Executive Directors from the services of the Bank. The Directors who had served in Executive Management capacity for nearly two years, were part of the old Board of Directors of the bank, some of whom earlier resigned voluntarily on July 4 2016 following the intervention of the Central Bank of Nigeria which consequently re-constituted the Board.
Skye Bank, designated as one of Nigeria’s eight (8) Systematically Important Banks (SIB), by the regulatory CBN, is a leading retail and commercial Bank renowned for its electronic banking solutions as well as its product portfolio which supports families, students, Small & Medium Enterprises (SMEs) and professionals across the country.

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3 Comments

3 Comments

  1. VictorHaf

    February 9, 2017 at 5:36 pm

    Wolfpaw Consulting

  2. VictorHaf

    February 10, 2017 at 2:07 pm

    Regis High School

  3. AknabeKt

    February 21, 2017 at 4:52 pm

    Karen cole paper LLC

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JUST IN: Dangote’s CNG Trucks Begin Product Loading At Refinery

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Dangote Refinery’s fleet of newly acquired Compressed Natural Gas (CNG) trucks has officially kicked off product loading at its facility in Lagos.

On Monday, the trucks began taking turns at the gantry to load petroleum products for direct supply to filling stations across Nigeria.

The move follows the refinery’s August announcement that it had received the first batch of its 4,000 CNG-powered trucks—part of a fuel distribution programme valued at over ₦720 billion.

During a courtesy visit by the AfricaRice Centre on Sunday, Aliko Dangote explained that the direct distribution system was designed to reduce dependence on third-party carriers and cut out unnecessary costs.

“Losing ₦75 per litre to intermediaries who cannot guarantee delivery is not a viable option. We are committed to ensuring petroleum products get to Nigerians transparently and affordably,” the refinery said in a statement.

This rollout comes amid recent criticism from the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), who accused Dangote Refinery of offering cheaper rates to international buyers while quoting higher prices to local offtakers. Dangote has denied this, stressing that bypassing costly Single Point Mooring (SPM) systems will save the economy about ₦1.5 trillion annually.

Beyond costs, the 4,000 CNG trucks project aims to:

  • Lower logistics expenses in fuel distribution
  • Cut environmental impact compared to diesel trucking
  • Support over 42 million MSMEs by reducing energy costs

With this launch, the refinery is positioning itself not just as a supplier, but also as a distributor—reshaping how fuel reaches Nigerian consumers.

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NUPRC Revokes Licence Of Oritsemeyin Rig

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revoked the operating licence of Oritsemeyin Rig and directed it to cease all operations upon the completion of its current well operations.

The notice is contained in a letter dated September 11, 2025, addressed to Selective Marine Services Limited (SMSL) and signed by the Commission Chief Executive, Engineer Gbenga Komolafe.

The NUPRC said in a statement on Friday 12 September, 2025 that the decision followed a thorough review of the circumstances surrounding the drilling of UDIBE-2 wellbore during which a kick was recorded, resulting in several Non-Productive Time (NPT) with consequential cost and a forced well sidetrack.

A kick on an oil rig is the unwanted flow of formation fluids (oil, gas, or water) into the wellbore due to a temporary pressure imbalance, where the pressure inside the wellbore becomes lower than the formation pressure. This phenomenon, if left unmanaged, can lead to a potentially catastrophic uncontrolled release of fluids called a blowout.

Subsequently, the NUPRC in accordance with Section 97 of the Petroleum Industry Act 2021, issued a formal notice of culpability via a letter dated June 5, 2025 with a timeline of 21 days followed by a reminder dated July 9, 2025 to ensure an amicable resolution which was not achieved even beyond the stipulated time.

“Consequent upon the forgoing and pursuant to the relevant powers conferred on the commission under the extant Petroleum Industry Act 2021, the annual licence to operate granted to Selective Marine Services Limited for the Oritsemeyin Rig is hereby revoked,” the commission stated.

The upstream regulator also disqualified the Oritsemeyin Rig from all renewal protocols in strict compliance with the applicable provisions of the law forthwith.

The NUPRC noted that this action is in line with the Petroleum Industry Act, 2021 which empowers the commission to ensure compliance with good oilfield and international best industry practices, operational safety and optimization as well as promote technical excellence and preserve commercial and environmental sustainability.

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Dangote Refinery To Launch Free Nationwide Petrol Delivery September 15, Sets Ex-Gantry Price At N820

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The Dangote refinery has announced that it will begin free direct delivery of petrol to stations across Nigeria starting September 15.

In a post shared on its official X handle on Thursday, the refinery said the rollout would cover 11 states in the first phase before extending nationwide.

According to the statement, petrol will be sold at an ex-gantry price of N820 per litre. It added that filling stations in Lagos, Ogun, Oyo, Ondo, Osun, and Ekiti will receive deliveries at N841 per litre, while Abuja, Delta, Rivers, Edo, and Kwara will get supplies at N851 per litre.

“All petrol station owners nationwide are invited to register for free delivery and other benefits,” the refinery said.

The plant noted that the scheme would ease distribution challenges and ensure affordable access for end users.

Earlier in June, the refinery said it had acquired 4,000 compressed natural gas (CNG)-powered trucks to strengthen fuel distribution across the country. It also projected that its nationwide delivery programme would save Nigerians more than N1.7 trillion annually.

Industry analysts have welcomed the initiative as a potential relief for consumers but cautioned that it could disrupt existing operators in the downstream sector.

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