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.
-
News2 days agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Finance2 days agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Maritime2 days agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Economy2 days agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Business2 days agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Agriculture2 days agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Oil and Gas2 days agoDangote refinery backs gantry loading, cautions against costly coastal evacuation
-
Economy13 hours agoDubai’s consumer electronics maker, Maser Group to invest $1.6bn in Nigeria, others