A sound and competent banking sector is essential for a stable macroeconomic environment, therefore, the importance of commercial banks in a country cannot be overemphasized.
This is because they occupy key positions in a country’s financial system and are essential agents that would lead to...
Diamond Bank’s impending merger with Access Bank means the bank’s customers in addition to retaining their use of Diamond Bank’s products such as Diamond Xtra, and Diamond Yello Account can now use AccessAfrica services.
The banks had recently commenced cross usage on their ATMs without...
Diamond Bank Plc shares topped the gainers table on the Nigerian Stock Exchange (NSE) by 56.92 per cent, last week.
The bank which opened trading at the beginning of the week at 65 kobo, rose by 56.92 per cent to close trading on Friday, December 7, 2018 at …
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Diamond Bank Plc yesterday denied reports that the bank was in discussions with Access Bank Plc over a possible acquisition.
The bank in a release to the investing public on the Nigerian Stock Exchange (NSE) signed by the bank’s company secretary/legal adviser, Uzoma Uja described as rumour...
Diamond Bank Plc, has gotten an offer from a major investor who is willing to inject cash by increasing its stake that would enable the tier two lender boost its capital adequacy ratio above the Central bank threshold of 15 percent maximum, Seyi Bickersteth …
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ADA, the chatbot introduced by Diamond Bank may start trading stocks soon. Titi Odunfa Managing Director Sankore Investments (which designed the bot) disclosed this during the NSE Bloomberg roundtable held yesterday.....
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Diamond Bank Plc has revealed that it currently controls 40 percent of the volume of Unstructured Supplementary Service Data (USSD) transaction in the banking sector.....
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The Central Bank of Nigeria (CBN), yesterday, gave details of how MTN Nigeria Limited and four banks perpetrated the $8.13 billion illegal transactions, using false information and deliberate disregard for the rules....
Read more via The Guardian Nigeria Newspaper – https://ift.tt/2CeoCBB...
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The Nigerian Stock Exchange (NSE) ended the last trading week, and indeed the month of August, on a negative note. The All Share index fell by 1.63% during the week to close at 34,848.45 basis points. The index depreciated by 5.86% in August, and is down 8.88%, year to date.....
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Shares belonging to MTN have taken a big knock after sanctions by the Central Bank of Nigeria on allegations that the company illegally repatriated $8.1 billion.
Early trading on the Johannesburg Stock Exchange...
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The Central Bank of Nigeria, CBN, has imposed a total fine of 5.87billion on four banks in the country.
They were accused of flagrant violation...
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The Central Bank of Nigeria has slammed fines totalling over N5 billion on four banks “for breaching Nigeria’s forex regulations” and asked MTN Nigeria Communications Limited to refund $8.134 billion.
All four banks – Standard Chartered, Stanbic IBTC, Citibank...
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Diamond Bank Plc has again announced the postponement of its 2017 financial statements and Q1 2018 financial results.
In a request letter sent to the Nigerian Stock Exchange and signed by the bank’s secretary and legal adviser, Uzoma Uja, noted that its 2017 Audited Financial Statements [AFS]...
Diamond Bank CEO, Uzoma Dozie, has been recognised as one of the top 25 CEOs in Nigeria at Business Day CEO’s Award.
Dozie got the recognition for his significant contribution to the capital market and the economy. …
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Ex-militants on Monday issued a 15-day ultimatum over their N12 billion allegedly hooked in Diamond Bank, warning the financial institution to unfreeze monies belonging to them and other Nigerians.
National Secretary, Third Phase Amnesty, Tam Odogwu, in a statement said over 1,000 members had...
Seven Nigerian banks are undercapitalized to the tune of N1tn ($3.2bn) according to a report from Arqaam Capital, a Dubai-based international investment bank.
The report lists the undercapitalised banks as
First Bank of Nigeria,
Unity Bank Plc,
Diamond Bank Plc,
Skye Bank Plc,
FCMB Group...
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Diamond Bank Plc has reported 25.51 per cent drop in profit after tax for the half year ended June 2016.
The financial statement released to the Nigerian Stock Exchange (NSE) showed that the group recorded a profit after tax of N9.053 billion during the half year as against N12. 154 billion...
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