Access and Diamond Bank Plc announced that they have received the final approval of both the Central Bank of Nigeria (CBN), and the Securities and Exchange Commission (SEC), to the proposed scheme of merger between both financial institutions. The banks had recently obtained approval in principle from the regulatory bodies as they await the final […]
Read More Access Bank Plc and Diamond Bank Plc are expected to start operating as a single entity from April 1, 2019. This, would be under a new enlarged Access Bank brand. The Managing Director of Access Bank, Herbert Wigwe and his Diamond Bank counterpart, Uzoma Dozie, disclosed this in a joint statement to customers obtained yesterday. […]
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Diamond Bank has commenced the 11th season of its DiamondXtra promo as part of its continuous drive to encourage savings culture and reward its loyal customer. The bank also said it planned to continue the promo after its merger with Access Bank must have been concluded. During the launch of its 11th season in Lagos, […]
Read More Diamond Bank and Access Bank that recently entered into a business combination deal have set aside offers to reward their loyal customers this Valentine season. According to a statement, customers would be rewarded with loyalty points, cash-back, free websites for SMEs, giveaways and lots more by simply carrying out one or more banking transactions or […]
Read More It was mixed performance for the shares of Access Bank Plc and Diamond Bank Plc on the second trading day at the stock after the confirmation of the business combination by both financial institutions. The shares of both banks had surged the first day after the confirmation as investors swooped on the shares at the […]
Read More The Board of Diamond Bank Plc has said that it expects to conclude the transaction of its proposed merger with Access Bank Plc in the first half of 2019. “Diamond Bank expects the transaction to complete in the first half of 2019,” it said in a statement on Monday. The bank said that following a […]
Read More Access Bank Plc has finally acquired Diamond Bank Plc. According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria, CBN, according to TheCable. Another source said confirmed that the deal has been sealed, awaiting final ratification from the regulatory body. The […]
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Renewed demand for the shares of Diamond Bank Plc last week bolstered its price by 56.92 per cent, from a low of N0.65 to N1.02. The lender, which got approval of the Central Bank of Nigeria (CBN) to operate as a national bank, had suffered serious value erosion following speculations of its likely acquisition by […]
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The Nigerian Stock Exchange has sanctioned eight banks with fines totalling ₦102.7 million for failing to file their financial statements at the regulatory date. The Exchange launched its new sanction regime for the delay in submission of companies’ results on January 1, 2018, saying companies might pay fines ranging from ₦100, 000 to more than […]
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Diamond Bank Plc said on Friday that it had yet to receive any investment offer from potential investors, Reuters reported. The lender said no investors had come forward to inject cash into the company and that its board was reviewing all strategic options. The bank’s comment came after it said last month that four of […]
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Diamond Bank Plc has supported women who are MSME operators through its ‘BETA’ proposition. Financial Literacy is an important step in promoting Financial Inclusion. It is an action geared towards bridging the gap between the banked and un(der)banked. With 70 percent of adult women in Nigeria still unbanked, Diamond Bank sees financial inclusion for women […]
Read More As part of efforts to promote financial inclusion and bridge the gap between the banked and unbanked, Diamond Bank Plc has said it is empowering women through its BETA savings account. While speaking recently at an event, tagged ‘Beta Woman, Beta Naija’, the Group Head, Agency and Merchant Services, Diamond Bank, Mrs Uche Ben-Uzoebo, said […]
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