CBN approves Access- Diamond Bank merger


The duo of Access Bank and Diamond Bank said they have received approval from the Central Bank of Nigeria, CBN.

Access Bank said in a statement that it is pleased to announce that the Bank has received the final approval of both the Central Bank of Nigeria and the Securities and Exchange Commission to the proposed Scheme of Merger between the Bank and Diamond Bank Plc.

“The Scheme is subject to judicial sanction by the Federal High Court.
We will provide further update to the market upon receipt of court sanction of the Scheme.” the statement said.