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  The Central Bank of Nigeria (CBN) find has finally given a nod to the acquisition of Diamond Bank by Access Bank. According to a source who confir business med the deal, said it has been sealed and awaiting final ratification from the regulatory body, aftet which the CBN would make an official announcement to this effect within the week. The acquisition was midwifed b house y the CBN in a bid to further consolidate the banking industry, sources informed. This was made known Diamond Bank’s chief executive officer, Mr. Uzoma Dozie, who confirmed the development in a statement released on Friday. “With this approval, the bank will cease to operate as an international bank,” Dozie had said. “The re-licensing as a national bank supports Diamond Bank’s objective of streamlining its operations to focus resources on the significant opportunities in the Nigerian retail banking market, and the economy as a whole. “The move follows Diamond Bank’s decision to sell its...

  The Central Bank of Nigeria (C webapex.net BN) has finally given a nod to the acquisition of Diamond Bank by Access Bank. According to a source who confirmed the deal, said it has been sealed and awaiting final ratification from the regulatory body, aftet which the CBN would make an official announcement to this effect within the week. The acquisition was midwifed westernmagazine.org by the CBN in a bid to further consolidate the banking industry, sources informed. It would be recalled that Diamond Bank made thr announcement last week, that it is dropping its internation ysin.org al operating licence to focus on national operations following capitalisation issues. This was made known Diamond Bank’s chief executive officer, Mr. Uzoma Dozie, who confirmed the development in a statement released on Friday. “With this approval, the bank will cease to operate as an international bank,” Dozie had said. “The re-licensing as a national bank supports Diamond Bank...

  The Central Bank of Nigeria (CBN) has finally given a nod to the acquisition of Diamond Bank by Access Bank. According to a source who confirmed the deal, said it h usatimes.cc as been sealed and awaiting final ratification from the regulat usanews.cc ory body, aftet which the CBN would make an official announcement to this effect within the week. The acquisition was midwifed by the CBN in a bid to further consolidate the banking industry, sources informed. It would be recalled that Diamond Bank made thr announcement last week, that it is dropping its international operati news ng licence to focus on national operations following capitalisation issues. This was made known Diamond Bank’s chief executive officer, Mr. Uzoma Dozie, who confirmed the development in a statement released on Friday. “With this approval, the bank will cease to operate as an international bank,” Dozie had said. “The re-licensing as a national bank supports Diamond Bank’s objecti...