01/25/2019
The merger, if approved by shareholders and regulators, would create Africa’s largest bank by customers – 29 million – and Nigeria’s largest bank by assets, ahead of long-term leader Zenith Bank.
01/18/2019
The aggregate loan book of Nigeria’s banking system is concentrated in two key sectors – services (37%) and oil and gas (23%), together accounting for 60 per cent of the sector’s loan book, though varying across banks, the report stated.
01/14/2019
Late last year, Diamond Bank, a tier-1 one lender and Access Bank, a tier-2 financial institution, confirmed that they were coming together to become one.
01/14/2019
This required the banks to seek for funds or merge together to meet the new capital base before the December 31, 2018 deadline and First Bank Ghana Limited, a member of the FBN Holdings Plc, met the deadline in order to continue to operate in Ghana.