Jonathan:

Oga . Update yourself .
It’s confirmed

pocohantas:
Lol, I knew there were 3 banks that can comfortably acquire Diamond. GTBank, First Bank and Access.

I knew the first two won't, but I was almost sure Access will. Access is beginning to look like those diabolic uncles in Nigerian movies. Those ones that wait for you to sell your only inheritance/land

Dwizeone:
Who pushed this news, do you know the magnitude of this news, nothing of such has happened and please anything that has to do with finance is very sensitive, whoever the mod is should know better.

kestolove95:
Dey now have d access to d bank

funshint:
But how a bank like Diamond found themselves here is still a mystery to me!

Sgbate:

is zenith not capable enough as well?

Jonathan:
My condolences to diamond bank shareholders

pocohantas:
Lol, I knew there were 3 banks that can comfortably acquire Diamond. GTBank, First Bank and Access.

I knew the first two won't, but I was almost sure Access will. Access is beginning to look like those diabolic uncles in Nigerian movies. Those ones that wait for you to sell your only inheritance/land

funshint:
But how a bank like Diamond found themselves here is still a mystery to me!

Yankee101:
When you give your business to family to run instead of professionals.

You can be a non executive director or chair your own business. But if your or your family can't handle the professional requirements of the business then make an expert the CEO.

Now Diamond bank has become history. Like Oceanic, Intercontinental and the rest.

maybachmusic:
hmmm


i dey ok with GT and Zenith


considering firstbank for larger savings

chocolatelady:
My dear, I just goggled it now and its there live on goggle.

pocohantas:


I just do not like Zenith, they are a leading Tier 1, but I consider their renumeration and staff welfare very poor. So, pardon me if I don't mention them, the beef is personal

dfrost:


The positive I see here is buying their shares now at 0.61k.

It's worth taking the risk.

anyaikenga:
This Emeka Dozie of a boy has destroyed his fathers legacy, partying and clubbing midair. doing 5some.

anyaikenga:
This Emeka Dozie of a boy has destroyed his fathers legacy, partying and clubbing midair. doing 5some.

dokunbam:
About time
I have wanted to change to access

I cant make international payments with their visa card

ebusnwaoma:
Access Bank has acquired Diamond Bank as confirmed by Cableng, who alleged that the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria (CBN).

This is coming after Diamond Bank announced its decision to drop its international operating licence, to focus on national operations following capitalisation issues. Sources alleged that the acquisition was midwifed by the CBN in a bid to further consolidate the banking industry. 

Uzoma Dozie, Diamond bank’s chief executive officer, who confirmed the development in a statement released on Friday, said; 

“With this approval, the bank will cease to operate as an international bank,” Dozie had said.

“The re-licensing as a national bank supports Diamond Bank’s objective of streamlining its operations to focus resources on the significant opportunities in the Nigerian retail banking market, and the economy as a whole.

“The move follows Diamond Bank’s decision to sell its international operations, which included the disposal of its West African Subsidiary in 2017 and Diamond Bank UK, the sale of which is currently in its final stages.

“The change to national bank status also enables the bank to maintain a lower minimum capital requirement of 10 per cent, as against 15 per cent required for international banks.”

Reports of Access Bank acquiring Diamond Bank is coming, after Diamond bank recorded its worst month on record in November with share plunging to 0.61k per unit on November 30, 2018.

https://lailasnews.com/access-bank-acquires-diamond-bank/

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