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Diamond Bank

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.
Nigerian Stock Exchange NSE

NSE index appreciates by 0.34 percent on Dangote Cement gain

The Nigerian Stock Exchange All-Share Index on Tuesday rebounded by 34 per cent following Dangote Cement gain.
Diamond Bank

Diamond Bank partners Facebook to support young entrepreneurs

Diamond Bank Plc in collaboration with Facebook and Affrinolly is set help Nigeria’s young entrepreneurs to explore the digital world to market their businesses
Nigerian Stock Exchange NSE

Investors’ wealth increases as stock market gains N50 billion

Investors’ in the Nigerian stock market recorded a N50bn increase in their wealth on Wednesday as the market extended its bullish run into the second consecutive day after the rebound on Tuesday.
Diamond Bank

Central bank grants Diamond Bank national licence

The Central Bank of Nigeria (CBN) has granted Diamond Bank approval to operate as a national bank with immediate effect.

Why Diamond Bank opts for national status

Diamond Bank, a mid-tier lender, has received approval from the Central Bank of Nigeria (CBN) to operate only in the country in a move to lower capital requirements after selling its international units, it was learnt at the weekend.
Nigeria Stock Exchange

NSE: Market indicators extend losing streak by 1.33 percent

The Nigerian equities market closed lower on Thursday with further decline of 1.33 per cent to extend losing streak to five consecutive transactions days.
Nick O'Donohoe

UK DFI to invest $1.2 billion in Nigeria

CDC Group Plc, The United Kingdom’s (UK) development financing institution (DFI), says it may invest up to $1.2 billion in Nigeria in post-brexit drive.
Babajide Sanwo-Olu

Jide Sanwo-Olu: We’ll complete abandoned projects, solve traffic gridlock

The Lagos State All Progressives Congress gubernatorial candidate, Babajide Sanwo-Olu, and his running mate, Dr Femi Hamzat, have stated that if elected, their government will complete previously abandoned projects in the state.
Ayodele Fayose, former governor of Ekiti state, has arrived the federal high court in Lagos where he is on trial for money laundering and abuse of office. 2

Witness: How three aircraft were used to move N1.2 billion to Ekiti for Ayodele...

Damola Otuyena, head of cash and transit services of Diamond Bank, says N1.2 billion was moved to Ekiti for Ayodele Fayose, ex-governor of the state, using three aircraft.

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Mr. Akinwunmi Ambode, the Lagos State governor, has exercised his voting right in his home town, Epe, Lagos State in Saturday’s Presidential and National Assembly elections.

Prisons Comptroller speaks on alleged ballot box snatching in Lagos

The Comptroller of Prisons, Lagos State Command, Tunde Ladipo, says there are no cases of ballot box snatching by political thugs in all the places his team visited during the Presidential and National Assembly elections in the state.
Staff of the Independent National Electoral Commission (INEC) confirm ballot papers for house of representatives during the electoral preparation at a local office of INEC in Port Harcourt, southern Nigeria, on February 22, 2019, a day before postponed voting day.Yasuyoshi CHIBA / AFP

Elections: We’re satisfied with process so far – INEC

The Independent National Electoral Commission (INEC) said it is satisfied with the ongoing conduct of the elections so far from the reports it has received from the 36 states and FCT.

Election: Senator Shehu Sani loses polling unit with wide margin

Shehu Sani is seeking re-election to the Senate under the Peoples Redemption Party (PRP) while Uba Sani is vying on the platform of the All Progressives Congress (APC).

Malfunctioning smart card readers mars voting in llorin

Hundreds of eligible voters’ in several parts of Ilorin metropolis were unable to cast their votes at the commencement of voting on Saturday following malfunctioning of smart card readers.