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Tag: Merger

CBN and SEC Grant Provisional Approval For Diamond, Access Banks Merger

January 15, 2019Ayo Olowo

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 […]

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Merger: Access Bank set to raise $250m Tier 11 capital in 2019

December 20, 2018Ayo Olowo

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 […]

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