Access Bank Acquires Diamond Bank PLC

at 11:31 PM, 16/12/2018 (4 weeks ago)
(15372 | Hero) (m)

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).

The acquisition was midwifed by the CBN in a bid to further consolidate the banking industry, sources informed TheCable.

Last week, Diamond Bank announced its decision to drop its international operating licence to focus on national operations following capitalisation issues.

The bank recorded its worst month on record in November with share plunging to 0.61k per unit on November 30, 2018.



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