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Access Bank Plc and Diamond Bank Plc yesterday ended months of speculations over their future when they finally agreed to merge, signing a Memorandum of Agreement, which if approved by the Central Bank of Nigeria (CBN) and the Nigerian Stock Exchange (NSE), would move Access Bank, the principal partner, from number four to number two
The Central Bank of Nigeria (CBN) on Friday, granted Diamond Bank Plc the approval to operate as a national bank. In a statement released on Friday by the bank’s Chief Executive Officer, Uzoma Dozie, and signed by the bank’s Head of Media, Ezechinyere Anyanwu, this followed its application for it. Dozie said, “With this approval, the bank will cease to operate as
Access Bank is set to add Diamond Bank’s portfolio to its assets in the next few months, The Nation has learnt. Talks on the acquisition are on, according to sources, who said the fusion is set for the first quarter of next year. It was gathered that both financial institutions have reached an agreement in
Central Bank of Nigeria CBN has slammed four Nigerian banks for allegedly breaching Nigeria forex regulations on MTN illegal capital repatriation . The four banks are standard Chartered bank, Stanbic IBTC, Citibank and Diamond bank. This was shared on their twitter handle. See below…