Bloomberg News

Nigeria’s Skye Bank Drops for Longest Losing Streak in 3 Months

May 10, 2012

Skye Bank Plc, (SKYEBANK) a Nigerian lender, fell for a fourth day, the longest losing streak in three months.

The stock slipped 1.4 percent to 3.60 naira at the close in Lagos, the commercial capital, the longest run of declines since Feb. 10.

Profit for the three months through March was little changed at 3.48 billion naira, from 3.4 billion naira a year earlier, the Lagos-based lender said on May 3. Revenue rose to 27.8 billion naira.

To contact the reporter on this story: Vincent Nwanma in Lagos at vnwanma@bloomberg.net

To contact the editor responsible for this story: Dulue Mbachu at dmbachu@bloomberg.net


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