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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.
The Nigerian Stock Exchange All-Share Index on Tuesday rebounded by 34 per cent following Dangote Cement gain.
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
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.
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.
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.
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.
Lionel Messi warned Barcelona that LaLiga's title race is not yet over after his 50th career hat-trick inspired a 4-2 win at Sevilla.
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.
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.
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).
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.
Bauchi State Governor Mohammed Abubakar on Tuesday dismissed Speaker of the House of Representatives, Yakubu Dogara, as a sinking man desperate to hold on to any straw for survival.
Andrew Robertson believes Ole Gunnar Solskjaer's impact at Manchester United has given Liverpool a tougher job of winning at Old Trafford on Sunday.
Yobe State University is set to become the centre of Robotics & Artificial Intelligence after signing a memorandum of understanding with the ICT University, Louisiana, USA in Damaturu penultimate week.
Santiago Solari says Real Madrid will fight to win LaLiga until the end of the season despite slipping nine points behind Barcelona.
People’s Democratic Party (PDP) on Friday accused the Kwara state police command of arresting its Kwara South senatorial candidate, Senator Rafiu Ibrahim, ahead of Saturday’s presidential and National Assembly election.