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Just In: Access Bank Acquires Diamond Bank

Access Bank Acquires Diamond Bank
Access Bank Acquires Diamond Bank

One of Nigeria’s leading commercial bank Access Bank has acquired Diamond Bank, according to a report published by The Cable.

Access Bank Acquires Diamond Bank
Access Bank Acquires Diamond Bank

According to The Cable, reported that the acquisition was midwifed by the Central Bank of Nigeria (CBN) in a bid to further consolidate the banking industry, and official announcement of the transaction will be made in the course of the week by the apex bank.

Reporting by Olayinka Koya

Olayinka Koya leads GYOnlineNG, an independent publication based in Ibadan, Nigeria. He covers Nigerian music, Nollywood, and the business decisions shaping the entertainment industry.

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