This is the big news reaching us today, that Access bank is on their way of acquiring the popular Diamond Bank. According to Channel television, leaders of Access Bank and Diamond Bank will meet on Monday, December 17, with the Central Bank of Nigeria (CBN) leadership on a possible acquisition deal.
Diamond Bank has earlier reportedly stated that it is closing its international operations, adding that it has secured a national license to focus on national operations. The new deal, if approved by regulators, would allegedly see Access Bank acquire Diamond Bank. Morever such an acquisition deal would also have to be approved by the Nigerian Stock Exchange and other regulators.