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Access Bank and Diamond Bank Plc have obtained approval in principle from the Central Bank of Nigeria and the Securities and Exchange Commission on their proposed merger plans.
The bears at the Nigerian Stock Exchange (NSE) continued to dominate trading for the fifth trading days in 2019 with the crucial market indicators declining further by 1.20 per cent.
Get this straight: Atiku Abubakar will lose the presidential election on February 16. I’m not Rev. Father Ejike Mbaka or one of the tongue-in-cheek seers whose predictions you’ll be struggling to figure out after dropping your offering in the bag at midnight of December 31.
The Nigerian Stock Exchange (NSE) on Monday listed the supplementary shares of Cement Company of Northern Nigeria (CCNN) following its merger with BUA Group’s Kalambaina Cement Company.
The management of Access Bank has announced that an Extraordinary General Meeting of the bank will hold in Lagos on February 1, 2019.
Long queues have surfaced at bank cash points known as the Automated Teller Machines and Points of Sale in Benin City, Edo State, according to a News Agency of Nigeria check.
One of the leading global rating agencies, Moody’s Investors Service, has stated that the recent business combination agreement between Access Bank Plc and Diamond Bank will be “credit positive” for the overall Nigerian banking system.
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.
Trading at stock market was bearish yesterday as losses by 20 equities dragged the Nigerian Stock Exchange (NSE) All-Share Index by 0.21 per cent to close lower at 30, 609.06. Similarly, market capitalisation shed N26.5 billion to be at N11.18 trillion.
A 39-year-old businesswoman, Shodiyan Bisoye, was on Monday brought before a Yaba Chief Magistrates’ Court in Lagos for allegedly issuing N4.1 million dud cheque to an investment company.
“The proposed merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank in exchange for a combination of cash and shares in Access Bank via a Scheme of Merger,” the disclosure, sent to the Nigeria Stock Exchange, said.
After several months on intensive discussions, the Central Bank of Nigeria (CBN) has approved the acquisition of Diamond Bank by Access Bank.
Henrikh Mkhitaryan could be in contention to face his former team-mates at Manchester United as he moves closer to a return from a four-week absence.
Israeli Prime Minister Benjamin Netanyahu will travel to Chad on Jan. 20, where he is expected to announce the resumption of diplomatic ties with the African country, his office said Thursday.
Seventh seed Dominic Thiem limped out of the Australian Open in the second round Thursday when he retired when 7-5, 6-4, 2-0 down to young wildcard Alexei Popyrin.
Vice President Yemi Osinbajo is currently presiding over the National Economic Council (NEC) meeting at the Presidential Villa, Abuja.
The Federal Government is targeting to create five million jobs with the the launch of ‘The Green Imperative’ agricultural mechanization programme with a $1.1 billion loan from the Brazilian government.
World number one Simona Halep scraped through to an Australian Open third round clash with Venus Williams Thursday after being pushed to the limit by unseeded Sofia Kenin over three sets.
Seven-time Grand Slam champion Venus Williams made a late charge into the Australian Open third round Thursday, grinding out a win in her second three-set victory of the tournament.
Former Arsenal and Super Eagles captain Nwankwo Kanu has sensationally backed the Super Eagles to win the 2019 Africa Cup of Nations in Egypt.
Former Nigeria international, Nwankwo Kanu, cut a pitiable sight in Lagos on Monday as he revealed how suspected vandals invaded his The Hardley Apartments situated along Waziri Ibrahim Crescent on Victoria Island, making away with his football medals, trophies, plaques and other valuable items.
The presidency will on Tuesday announce the appointment of AIG Adamu Mohammed as the acting Inspector General of Police (IGP).