Access Bank has made moves to buy Diamond Bank.
The Leaders of Access Bank and Diamond Bank are going to meet each other today on December 17, with the Central Bank of Nigeria (CBN) leadership on a possible acquisition deal,said the repoters Diamond Bank has earlier reportedly stated that it is closing its international operations, adding that it has secured a national license to focus on a national operations.
If the new deal, is approved by regulators, would allegedly see Access Bank acquire Diamond Bank.
such an acquisition deal would also have to be approved by the Nigerian Stock Exchange and other regulators in the states.
Access Bank bought the Intercontinental Bank after the 2009-2010 intervention in the latter by the CBN then led by Lamido Sanusi, the current Emir of Kano. Meanwhile, the International Monetary Fund (IMF) has said that the world debt has hit an all-time record of $184 trillion, an upward review from the $182 trillion it reported a week earlier.