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Diamond Bank

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.

Merger: Access Bank announces shareholders meeting

Pursuant to its planned acquisition of Diamond bank PLC, Access Bank Friday announced the schedule for the court-ordered shareholders meeting for March 5, 2019.
Nigerian Stock Exchange NSE

NSE sustains positive outlook, indices up 1.41 parcent

Trading activities on the Nigerian Stock Exchange (NSE) remained positive on Friday, with Total Oil leading the gainers’ table for the day.
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

Former Governor Fayose received $5m from ex-NSA Dasuki’s imprest account – Senator Obanikoro tells...

A former Minister of State for Defence, Senator Musiliu Obanikoro, on Monday told a Federal High Court that money was given to former Governor Ayo Fayose of Ekiti State from the imprest account of a former National Security Adviser in June 2014.

Senator Obanikoro testifies at former Governor Fayose’s trial

A former Minister of State for Defence, Sen. Musiliu Obanikoro, on Monday told a federal high court that money was given to former Gov. Ayo Fayose of Ekiti from the impress account of a former National Security Adviser, in June 2014.

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