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Real reason Diamond Bank collapsed

Emeka Okoroanyanwu Many steeped observers in Nigeria’s turbulent banking industry had for long known that all was not well with Diamond Bank, a Tier-2 Nigerian Money Deposit Bank. Therefore, the announcement of the acquisition of the…

Access Bank to hold EGM

Babajide Okeowo Access Bank Plc will be holding an Extra Ordinary General Meeting (EGM) on Friday, February 1, 2019, at 10.00 a.m. The bank disclosed this in a notice sent today to the Nigerian Stock Exchange. Agenda of the meeting is…

Dangote loses $2b in 2018

Babajide Okeow Africa’s richest man, Mr. Aliko Dangote wealth took a huge hit in 2018 as he loses almost $2 billion of his wealth. This is according to the latest ranking released by Bloomberg Billionaire Index. Dangote dropped about…

Diamond Bank confirms merger with Access Bank

The board of Diamond Bank Plc, on Monday, finally announced its merger with Access Bank Plc expected to be completed in first half of 2019. The News Agency of Nigeria (NAN) reports that both banks recently denied media reports of any…