The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) has provisionally approved the merger of Diamond Bank and Access Bank. Victor Etuokwu, Executive Director (Personal Banking), Access Bank, said on Tuesday in that a deal in principle has been approved by the two regulatory bodies. He stated that the merger process would […]
Continue Reading
Determined to create the largest bank in Africa, Access Bank Plc on Wednesday said it had finalised plans to issue 250 million dollars Tier 11 capital in January 2019. Herbert Wigwe, the bank’s the Chief Executive Officer, said this at a news conference by Access Bank Plc and Diamond Bank Plc on details of the […]
Continue Reading
Popular online newspaper, TheCable, has reported that Access Bank has finally acquired Diamond Bank. According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria (CBN). The acquisition was midwifed by the CBN in a bid to further consolidate the banking industry, […]
Continue Reading
The Central Bank of Nigeria (CBN) has granted Diamond Bank Plc, approval to operate as a national bank following its application for it. The bank’s Chief Executive Officer, Mr Uzoma Dozie, said this in a statement signed by the bank’s Head of media, Ezechinyere Anyanwu on Friday in Abuja. According to Dozie, the move was […]
Continue Reading