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Diamond Bank

CBN, SEC grant approval in principle to Access, Diamond Banks’ merger

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.

Access Bank’s share price drops by 32 per cent

The share price of Access Bank Plc has declined by 32.52 per cent since the bank confirmed its plans to merge with Diamond Bank Plc.
Nigerian Stock Exchange NSE

NSE: Bears on rampage, market capitalisation loses N136bn

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.
Atiku Abubakar

How Atiku Abubakar will lose February 16 election

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.
Nigerian Stock Exchange NSE

NSE: Market capitalisation inched N383 billion on CCNN merger shares

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.
Diamond Bank

Diamond Bank appoints Dele Babade acting chairman

Diamond Bank has announced the appointment of Mr. Dele Babade as its acting chairman.

Access Bank shareholders to discuss acquisition of Diamond Bank

The management of Access Bank has announced that an Extraordinary General Meeting of the bank will hold in Lagos on February 1, 2019.

Boxing Day blues for Benin residents as ATMs, PoS malfunction

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.

Central bank announces truce with MTN

The Central Bank of Nigeria has announced the resolution of its dispute with MTN Communications Limited, saying the company will now atone only for the illegal remittances on preference shares issued in 2008.

Lagos businessman faces N12 million fraud charge

A 43-year-old businessman, John Ebiekpi, who allegedly defrauded his business partner of N12 million on Monday appeared at an Igbosere Magistrates’ Court, Lagos.

Moody’s: Access, Diamond deal, positive for Nigerian banking system

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.
Dr Herbert Wigwe, Managing Director of Access Bank Plc

Access Bank set to raise $250 million Tier 11 capital in 2019

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.

CBN approves Diamond Bank merger with Access Bank

The Central Bank of Nigeria (CBN) has approved the proposed merger between Access Bank and Diamond Bank.
Nigerian Stock Exchange NSE

All-Share Index sheds 0.21% as market opens on bearish note

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.
Uzoma Dozie

Diamond Bank confirms merger with Access Bank

The bank’s Chief Executive Officer, Mr. Uzoma Dozie, said in Lagos that the Board had selected Access Bank as the preferred bidder with respect to a potential merger of both banks.

Businesswoman docked for allegedly issuing N4.1 million dud cheque

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.
Diamond Bank

Diamond Bank announces merger with Access Bank

“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.

Report: Central bank approves Access Bank’s acquisition of Diamond Bank

After several months on intensive discussions, the Central Bank of Nigeria (CBN) has approved the acquisition of Diamond Bank by Access Bank.

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