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Merger: Access, Diamond Get Final Approval

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Access Bank Plc and Diamond Bank Plc have gotten final merger approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The two financial institutions, in separate corporate disclosures issued on the Nigerian Stock Exchange (NSE) at the weekend, confirmed that the approvals have been secured. “Access Bank Plc is […]

 

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CBN, SEC green light for Access, Diamond merger - The Nation NigeriaThe 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 the weekend confirmed receipt of the final approval from the financial services authorities. The final …
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