New owner buys Polaris Bank 

New owner buys Polaris for N50 billion, gets 25 years to repay govt’s N1.3 trillion Polaris bank Strategic Capital Investment Limited emerged the preferred bidder for the lender, the CBN said in a statement late Thursday. The Central Bank of Nigeria has announced the sale of Polaris Bank to a new owner, four years after the government took over the distressed Skye…