Diamond Bank's merger with Acess Bank
Diamond Bank Plc

Diamond Bank’s impending merger with Access Bank means the bank’s customers in addition to retaining their use of Diamond Bank’s products such as Diamond Xtra, and Diamond Yello Account can now use AccessAfrica services.  

The banks had recently commenced cross usage on their ATMs without charges.

About AccessAfrica  

Access Africa is a payments and remittance product that facilitates the free flow of funds across the globe and is designed to serve all customer segments.

It is owned and managed by Access Bank and other accredited agents in countries where Access Bank is present.

You do not need to have an account to do cash to cash Access Africa transaction. However, for account to cash and account to account transactions, you are required to have either an Access Bank or Diamond Bank account. 

For Cash-to-Cash transactions, funds are available instantly upon receipt of the AccessAfrica Secret Code. While Cash-to-Account or Account to-Account transactions are online and real-time as beneficiary gets credited immediately sender initiates transaction. It is fast, easy and convenient.  

To send money, all you need to do is fill the form and have a valid ID and BVN. To collect funds all you need are a Duly completed “receive form”, valid ID, Reference code, Test question and Answer. 

 The merger is expected to be completed by April 2019, subject to regulatory and shareholder approval.  Extraordinary General Meetings (EGMs) for both banks are billed to hold on the 5th of March, 2019.  

On conclusion, it may become Nigeria’s largest bank.   

Diamond Bank closed at N2.40 in yesterday’s trading session on the Nigerian Stock Exchange, unchanged from the prior day. Access Bank closed at N7.10 yesterday, up N0.10 or 1.43%.


Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com


  1. Great job guys I must commend the efforts of your work. I need financial advice from you sir, I have 100,000 in my account, pls how best can I invest it or business I can do with it instead of keeping it in the bank for no profit. Thanks. Sadiq.

    • Hello Sadiq. Depending on your propensity for cash, you may do treasury bills or fixed deposit. FD is more readily convertible to cash when meeded


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