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Diamond Bank

Court attaches Imo’s accounts in central bank, 16 other banks over N1.5 billion debt

A High Court of the Federal Capital Territory (FCT), Abuja has ordered the attachment of funds in accounts owned by the Imo State Government in the Central Bank of Nigeria (CBN) and 16 other banks in the country.
Access Bank has unveiled a new brand logo to reflect its new status following the completion of its merge with Diamond Bank.

Access Bank unveils new brand logo

Access Bank has unveiled a new brand logo to reflect its new status following the completion of its merge with Diamond Bank.

Standard & Poor’s affirms Access bank ratings outlook stable

Standard and Poor’s Global rating agency has affirmed its ‘B/B’ long-term issuer credit ratings and ‘ngA/ngA-1’ Nigeria national scale ratings on Access Bank and discontinued its ‘CCC+/C’ issuer credit ratings and ‘ngBB/ngB’ Nigeria national scale ratings on Diamond Bank.
Diamond Bank

Merger: Diamond Bank shareholders set to receive consideration

Shareholders of Diamond Bank Plc will soon receive consideration of cash and shares following the its proposed merger with Access Bank Plc. The bank entered into merger agreement with Access Bank Plc late last year.
Diamond Bank

NSE puts Diamond Bank shares on full suspension

Trading in the shares of Diamond Bank Plc has been placed on full suspension following the court sanction of the Scheme of Merger with Access Bank Plc.
Dr Herbert Wigwe, Managing Director of Access Bank Plc

Access, Diamond Banks get final approval to merge

Access Bank Plc and Diamond Bank Plc have gotten final merger approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).

Bismarck Rewane: Cost remains a major threat to banks in Nigeria

The bearish run on the Nigerian Stock Exchange (NSE) continued on Tuesday as all share index (ASI) plunged by 1.02% to close at 31,313.36 points.

Dangote Flour emerges best performing stock on NSE

Dangote Flour led other equities in February on the Nigerian Stock Exchange (NSE) to emerge as the best performing stock, in percentage terms, with 81.66 per cent growth.
Diamond Bank

Merger: Diamond Bank launches loan service to reduce financial burden

Diamond Bank Plc has introduced PayDay Loan to ease the financial burden of its customers as part of the benefits from its merger with Access Bank Plc.

Court remands former bank staff over alleged N81.7 million fraud

Justice Oluwatoyin Taiwo of an Ikeja Special Offences Court has remanded a former staff of Diamond Bank, Oladimeji Balogun, in prison custody over alleged stealing N81.7 million.
Nigerian Stock Exchange NSE

Elections: NSE market capitalization decreases further by N196bn

Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February.

Court fails to issue forfeiture order on Patience Jonathan’s $8.4 million, N7.4 billion

The Federal High Court in Lagos on Thursday refused to order the forfeiture of $8.4 million and N7.4 billion linked to former First Lady Dame Patience Jonathan.
Nigerian Stock Exchange NSE

Election: Nigeria stock market loses N85 billion in six hours

The market capitalisation of listed equities on Tuesday shed N85 billion in six hours of trading to what traders attributed to profit taking as a result of the presidential poll.
Nigerian Stock Exchange NSE

NSE All-Share Index rebounds by 0.67 per cent

The Nigerian Stock Exchange (NSE) market indices rebounded by 0.67 per cent on Tuesday after reacting to polls shift.

CACOL backs EFCC on ‘no debit’ order placed on Bola Shagaya’s bank account

The Centre for Anti-Corruption and Open Leadership (CACOL) has thrown its weight behind the Economic and Financial Crimes Commission (EFCC) for ‘freezing’ a Unity Bank account allegedly containing N1.9 billion belonging to Hajiya Bola Shagaya, a society lady and businesswoman.
Nigerian Stock Exchange NSE

NSE: Market indices improve by 0.12 per cent

The market indices of the Nigerian Stock Exchange on Thursday recorded marginal growth of 0.12 per cent.

Central bank eases capital pressure on struggling banks

Nigeria’s central bank has given the country’s lenders some much-needed relief by extending the time they will have to implement stricter accounting rules for bad loans.
Nigerian Stock Exchange NSE

NSE: Activities resume northward, indices up by 0.35 per cent

Activities on the Nigerian Stock Exchange opened for the week northward on Monday appreciating by 0.35 per cent with 16 price gainers and 20 losers.

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