Merger, acquisition fevers engulf banking sector following CBN’s hint
Though the current largest bank in the continent by virtue of branch networks, Access Bank, has hurriedly denied any form of talks either with the management or shareholders of Union Bank relating to either merger or acquisition, industry analysts say…
Access Bank drives seamless access to CBN’s Creative Loan Scheme
Leading banking giant, Access Bank Plc., has given convincing narrative on the chances of success in the Central Bank of Nigeria (CBN) planned multimillion naira intervention fund for operators in the creative industry to grow their business. The Creative Sector…
Fidelity, Access, others lead in refinancing Neconde’s N2.3trn facility
Following the green light in the recent renewal of its 20 year renewal of the Oil Mining License of the Company effective June 2019, a consortium of seven local and international financial institutions, have sealed fresh deal to refinance Neconde…
Access Bank, AFF release programme of event on 2019 summit
Ten days from today and precisely May 16, 2019, the Africa FinTech Foundry (AFF) innovators summit, will create an ecosystem in Lagos where digital services inventors will interface with industry captains to design a roadmap for the nation’s march to…
Access, Africa’s new largest bank opens business today with N6.1tn asset base
…As Diamond fails to last forever in Nigeria It started with speculations and later went ahead to mature. However, after months of build up ranging from expression of merger interests between Access and Diamond banks, sealing of understanding to merge,…
Access and Diamond: New name, logo, structure’ll define merger or buy-over
By Chido Nwakanma My post on the reaction of Ndigbo to the scheme of arrangement of Access Bank and Diamond Bank unlocked some insights. Thanks to all those who enriched the discourse with their informed, rigorous and passionate contributions. The…
Can Access Bank manage new right issue, Diamond Bank buy over together?
Just as the Nigerian banking industry woke up to the sudden news report of acquisition of embattled Diamond Bank which is expected to be concluded next year, the same bank has signaled fresh move to raise N75 billion from existing…
Expect completion of Diamond, Access Bank merger in mid-2019—Board
Whereas it is no more news that name ‘Diamond Bank’ is heading to extinction vide the ongoing hostile acquisition by Tier I financial institution, Access Bank, strong indication emerged Tuesday from the Board of Diamond Bank Plc that it expects…
Diamond Bank’s shareholders unveil secret plot for Access to acquire bank
The Association of Concerned Shareholders of Diamond Bank (ACSDB), has opened up on what it saw as a surreptitious plot by the duo of the Managing Director of the Bank, Mr. Dozie Uzoma and father, Pascal Dozie, with the Management…
Diamond Bank outsmarts collapse as it downgrades self to national bank
Embattled Diamond Bank Plc, has relied on the recent sale of its London international branch to seek delisting by the Central Bank of Nigeria (CBN), from an international bank to a national bank with immediate effect. The apex bank had…
