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36 Firms Delisted From Stock Market In Five Years

36 Firms Delisted From Stock Market In Five Years       A total of 36 companies have delisted from the Nigerian stock market between May 2016 and May 2021, even as five more are currently undergoing delisting process. The latest data collated from Nigerian Exchange Limited showed that...

Diamond Bank Shares On Full Suspension Following Merger Approval

Diamond Bank Shares On Full Suspension Following Merger Approval The Nigerian Stock Exchange has said the ongoing merger scheme between Access Bank Plc and Diamond Bank Plc would result in the delisting of Diamond Bank from the daily official list of the Exchange. The NSE, on...

Merger: As Investors React, Diamond, Access Bank Share Prices Rise

Merger: As Investors React, Diamond, Access Bank Share Prices Rise The share prices of Diamond Bank Plc and Access Bank Plc increased by 9.47 per cent and 9.40 per cent, respectively, as they confirmed their proposed merger in the early hours of Monday. Diamond Bank emerged...

CBN, EFCC Freeze Fund Managers’ Bank Accounts

Diamond Bank Plc says the Central Bank of Nigeria and the Economic and Financial Services Commission have frozen the bank accounts of Cashflowabi Cooperative Society and Cashflowabi Networks Limited for allegedly operating as fund managers without operating licences. It said the directive to freeze their...

Diamond Bank Sacks 200 workers

Diamond Bank Plc has sacked 200 members of its workforce as the economic challenges affecting the country continue to batter the financial services industry. Confirming the development in a statement, the lender said the sacking of the 200 workers was in line with its strategic...