Business

Babajide Okeowo Taking steps to achieve financial health is just like setting a goal to lose weight – it doesn’t happen overnight. Setting yourself up for financial success requires time, dedication and maintenance. Still, many people…

Fitch Ratings has downgraded Diamond Bank Plc’s (Diamond) Long-Term Issuer Default Rating (IDR) to ‘CC’ from ‘CCC’ and Viability Rating (VR) to ‘cc’ from ‘ccc’ and placed its IDRs and VR on Rating Watch Evolving (RWE). The agency has…

Emeka Okoroanyanwu The planned merger of Access Bank Plc and Diamond Bank, which took stakeholders by surprise last week, may trigger a fresh competition among money deposit banks in the country. The merger if it pulls through is…

Babajide Okeowo A long drawn battle to control the lucrative carbonated soda (soft drink) market in Nigeria estimated at over N120 billion annually is at present raging between the big international bottlers, Nigerian Bottling Company…

Emeka Okoroanyanwu and Babajide Okeowo At a time the Nigerian economy is in the throes of another economic recession with over 10 million people out of jobs, the Asset Management Corporation of Nigeria (AMCO) has put over 20 businesses…

Shock, trepidation and fear have gripped staff of Diamond Bank across the country following announcement of a merger with Access Bank last week. Many of the staff told Nigerian Xpress Business that they have already settled on the fact that…

Emeka Okoroanyanwu Many steeped observers in Nigeria’s turbulent banking industry had for long known that all was not well with Diamond Bank, a Tier-2 Nigerian Money Deposit Bank. Therefore, the announcement of the acquisition of the…

Babajide Okeowo Nigerian exporters would be among other exporters in West Africa that will benefit from Nigerian Export-Import Bank’s $1 billion trade facilitation pact. This is according to a Memorandum of Understanding (MoU) recently…

Babajide Okeowo Access Bank Plc will be holding an Extra Ordinary General Meeting (EGM) on Friday, February 1, 2019, at 10.00 a.m. The bank disclosed this in a notice sent today to the Nigerian Stock Exchange. Agenda of the meeting is…

Babajide Okeowo Worried by the huge deductions made by Mobile Telecommunications service providers through forceful subscription to services and illegal deduction, the Nigerian Communications Commission (NCC) has promised to order the…