Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Access and Diamond Bank obtain shareholders nod for merger

Onome Ohwovoriole by Onome Ohwovoriole
March 6, 2019
in Business News, Company News
Diamondxtra, Access Diamond merger, Diamond Bank, Access Bank, Consolidation, Merger, Shareholders, International Women's Day
Share on FacebookShare on TwitterShare on Linkedin

Shareholders of Access Bank Plc and Diamond Bank have approved the merger between both lenders. This was obtained at two Extra Ordinary General Meetings held in Lagos yesterday. The merger between the two entities, could create Nigeria’s largest bank by asset size.  

In a notice sent to the Nigerian Stock Exchange today, Access Bank disclosed that 97.89% of votes cast were in favour of the transaction.

Diamond Bank, on its part, stated that 99.98% of shareholders of the Bank voted in favour of the resolution contained in the merger scheme

RelatedPosts

Access Bank to reward customers in South-South & South-East regions with millions in the DiamondXtra promo

The FUGAZ capitalization declines by N58 billion combined during the week

What next?

The banks also stated that they expect the combined entity to begin operations on April 1st, 2019. 

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have granted their in principle approvals of the scheme of merger. Subject to final approval and judicial sanction of the scheme, the combined entity is expected to start operating on April 1st, 2019. 

Access Bank closed at N6 in yesterday’s trading session on the Nigerian Stock Exchange. Diamond Bank closed at N2.50 in yesterday’s trading session, up 9.7%. 

This story was published prior to the press releases issued by Access and Diamond Bank respectively and has been updated to reflect current information.

Related

Tags: Access BankAccess/Diamond Bank MergerDiamond Bank

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Buhari’s aide says Peter Obi lied about Nigeria stalling Siemens deal
    • Lagos partners with private sector to provide more affordable houses with various projects
    • Central African Republic starts crypto hub to boost financial inclusion

    Follow us on social media:

    Recent News

    Buhari to stop Nigeria’s blacklisting, writes Senate to pass money laundering, terrorism bills

    Buhari’s aide says Peter Obi lied about Nigeria stalling Siemens deal

    July 5, 2022
    Housing in Lagos State

    Lagos partners with private sector to provide more affordable houses with various projects

    July 5, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com