Access Bank to grow Diamondxtra account uptake to 100m in 2022— Etuokwu
With the current 41 million Diamondxtra account owners across Nigeria, Access Bank Plc is scheming to push up the volume to 100 million by 2022 via the process of the bank’s all-inclusive prosperity drive anchored on financial inclusion. Speaking recently…
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,…
Africa’s largest bank, Access emerges as shareholders’ seal deal with Diamond
With effect from April 1, 2019, Access and Diamond banks will become one to be known as Access Bank, and just like United Bank for Africa Plc (UBA) -Standard Trust Bank (STB) merger, youngest largest bank in Africa will retain…
Good merger, acquisition in banks’ driven by strategic plan, not distress factor—Amangbo
The Managing Director of Zenith Bank Plc., Mr. Peter Amangbo, has opened up on factors driving workable Mergers and Acquisition (M&A) in the financial service sector of a growing economy. In an interview, he said whereas M&A remains a normal…
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…
MTN, CBN reach truce on $8.1bn CCI crisis, but matter still in court
Truce on the breach bordering on Certificate of Capital Importation (CCI) procedure between the Central Bank of Nigeria (CBN) and MTN Nigeria is underway, however, there is yet no comment from both sides on settlement out of court to demonstrate…
CBN heeds Senate resolution, fines MTN, 4 banks over abuse of Forex Act 1995
Three years after, the Central Bank of Nigeria (CBN) on Wednesday sanctioned leading telecoms giant, MTN and four commercial banks over what it described as flagrant violation of extant laws and regulation on foreign exchange. Though industry experts who spoke…
