News
Diamond bank plans to merge with Oceanic
Diamond Plc has signified its interest to bid for one of the rescued bank
The Bank said today, Monday it had registered interest with the central bank to merge with Oceanic Bank , paving way for it to recapitalise.
Diamond Chief financial officer Abdulrahman Yinusa said this option would speed its route to expanding its footprint in the country.
“Talks are very preliminary, we have registered our interested and we are doing due diligence,” Yinusa said. He said Diamond was one of three firms that had indicated interest to acquire the troubled lender.
-
Uncategorized1 day ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Finance11 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Economy1 day agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
News1 day agoCardoso formally receives Central Bank of the Year Award
-
Stock Market11 hours agoFG to raise N4trn bond to settle electricity debt
-
Oil and Gas1 day agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas1 day agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News11 hours agoUK, Nigeria unveil £15m programme to boost investment