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Recent details have emerged on why the defunct Diamond Bank surrendered itself for a business combination deal with Access Bank Plc. In December 2018, Access Bank and Diamond Bank signed an agreement to merge, with Access Bank being the principal bank. According to a report obtained by THISDAY...
A sound and competent banking sector is essential for a stable macroeconomic environment, therefore, the importance of commercial banks in a country cannot be overemphasized.
This is because they occupy key positions in a country’s financial system and are essential agents that would lead to...
The imminent merger between Access Bank, a tier-1 lender, and Diamond Bank, Nigeria’s leading tier-2 lender, is expected to produce the largest banking group in Africa based on its number of customers. The resulting entity which will maintain the brand name Access Bank, but with Diamond Bank...
Uzoma Dozie, Group Chief Executive of Diamond Bank Plc Diamond Bank Plc has disclosed that it has expended N5 billion on its DiamondXtra savings account promo in the last 10 years, as part of its efforts to support financial inclusion in the country. …
via The Guardian Nigeria Newspaper –...
A Nigerian Man has taken to Micro-blogging site, Twitter to cry out after he received a credit alert of over 7 million naira in his Diamond Bank Account.
The user, @raynergy, said the transfer was made by a company, though he didn’t disclose the actual company, but it’s been 24 hours, and he...
Diamond Bank is considering raising fresh capital and selling some assets in order to maintain its capital ratios.
The bank’s management says the capital plan will ensure it meets all regulatory requirements both in the short term and in the future.
Diamond Bank’s capital adequacy ratio had...
The Nigeria Labour Congress (NLC) said it will begin a nationwide shutdown of banks who have arbitrarily sacked a large number of workers contrary to laid down procedures and the country’s extant labour laws beginning from July 1, 2016.
In a letter of intent to the six affected banks which...
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Diamond Bank Plc has sacked about 200 members of its workforce as the economic challenges affecting the country continue to batter the financial services industry.
In first quarter of 2015, Diamond Bank sacked over 1,000 workers in what was called realignment of its operations for a tougher...
Daimond Bank Plc on Wednesday reported a fall of 88 per cent in profit after tax for the year ended December 31.2015.
Although the bank recorded a growth of 4.3 per cent in gross earning, its profit before and after tax fell significantly.
Diamond Bank ended the year with gross earnings of...
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A witness, Eno Mfon Effiong, a staff of Diamond Bank on Wednesday told Federal High Court in Abuja that the spokesman of the Peoples Democratic Party, Olisa Metuh, had N400 million paid into his account on November 24, 2014 by the office of a former National Security Adviser, Sambo Dasuki.
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