CBN, SEC Approve Access, Diamond Merger The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved the merger of Access Bank Plc and Diamond Bank Plc, the last major regulatory hurdle for the consummation of the business combination. Both banks at...

Access Bank To Raise $250m For Tier II Issuance Ahead of preparations to create the largest financial institution in Africa with a robust capital buffer, Access Bank Plc has finalised terms to raise $250 million Tier II capital issuance, which will be available for draw...

Dangote, Emir Sanusi attend Access Bank polo event The Emir of Kano Muhammadu Sanusi II and Africa’s leading industrialist, Aliko Dangote, and Mr. Aigboje Aig-Imoukhuede, President of the Nigerian Stock Exchange, are expected to attend the 11th edition of the Access Bank Polo event in...

The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year. The mobile company took the loan four years ago from a consortium of...

Transactions on the floor of the Nigerian Stock Exchange (NSE) yesterday sustained declining profile as investors wealth depreciated by N7 billion. Specifically, the market capitalisation of listed equities dropped by 0.05 per cent to N13.791 trillion from N13.791 trillion traded the previous day. Also, the NSE...

Lagos State Governor, Mr. Akinwunmi Ambode, yesterday embarked on an extensive tour of Eko Atlantic City, expressing confidence that the project would not only boost the economy of the state, but also increase its internally generated revenue (IGR). Governor Ambode, who was accompanied on the...