Merger: Access Bank set to raise $250m Tier 11 capital in 2019

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

The bank says it has obtained “No Objection” from the Central Bank of Nigeria (CBN) to undertake a Rights Issue to raise up to N75 billion in the first half of 2019.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Details emerge of Access Bank, Diamond Bank merger, to create Africa’s largest retail bank - Daily Post NigeriaLagos, Nigeria, 19 December 2018 – The Boards of Access Bank Plc (“Access Bank”) and Diamond Bank Plc (“Diamond Bank”) today announce that they have receiv
Source: DailyPostNGR - 🏆 11. / 59 Read more »

‘Access Bank Has Enough Financial Capacity To Commensurate Diamond Bank Merger’Access Bank said it has enough financial capacity to commensurate Diamond Bank merger with the bank. Also, the bank said it will be issuing about 6.62 billion shares to Diamond Bank shareholders in bringing them to the new larger entity. In a press briefing in Lagos, the chief executive of Access Bank, Herbert Wigwe said […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Merger: Free ATM services for Diamond Bank, Access Bank customers - Premium Times NigeriaIt implies that customers can presume that the banks are one, even as their merger negotiations still remain ongoing. Good development The bank opens the way for a free ATM sevice that is -1000 from every customer
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Amidst merger talks with Access Bank, Diamond Bank appoints new board chairman - Premium Times NigeriaThe board of directors of Diamond Bank has announced the appointment of Dele Babade as the acting chairman of the board.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

What customers will benefit from Diamond Bank, Access Bank merger - Daily Post NigeriaJust weeks left before the biggest merger Nigeria has ever witnessed finally takes effect, the management of Diamond Bank Plc has assured its customers tha As a customer of diamond bank PLC if I transfer money to customer from access bank the 52 inter bank charges will I still be debited? Nothing.. Absolutely nothing! Same old story
Source: DailyPostNGR - 🏆 11. / 59 Read more »