Skip to content
September 4, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Access, Diamond Bank Merger: A Step in The Right Direction And in The Best Interest of Stakeholders- Banks’ CEO
  • Business & Economy

Access, Diamond Bank Merger: A Step in The Right Direction And in The Best Interest of Stakeholders- Banks’ CEO

Admin December 18, 2018

 

 

 

 

Uzoma Dozie, the Chief Executive Officer of Diamond Bank, has said that the proposed combination with Access Bank will create one of Africa’s leading financial institutions.

According to him in a statement to its customers, “there is a clear strategic rationale for the proposed merger and strong complementarities between the two institutions.”

Dozie noted that, while Diamond Bank has pioneered Nigeria’s largest technology-led retail banking platform, Access Bank is one of Nigeria’s leading full-service commercial banks. Consolidation in the Nigerian banking industry is an inevitable, natural progression in a sector where the gap between Tier 1 and Tier 2 banks has been widening and scale has become critical; where technology will disrupt the traditional business model while enabling broader financial inclusion.

“The board of Diamond Bank believes that the proposed combination of the two operations provides an exciting prospect for all stakeholders in both businesses and will create a financial institution with the scale, strength, and expertise to capitalise on the significant opportunities in Nigeria and sub-Saharan Africa more broadly.”

For Herbert Wigwe, CEO of Access Bank, “Access Bank has a strong track record of acquisition and integration and has a clear growth strategy. Access Bank and Diamond Bank have complementary operations and similar values, and a merger with Diamond Bank, with its leadership in digital and mobile-led retail banking, could accelerate our strategy as a significant corporate and retail bank in Nigeria and a Pan-African financial services champion.”

Access Bank has a strong financial profile with attractive returns and a robust capital position with 20.1% CAR as at 30 September 2018. We believe that this platform, together with the two banks’ shared focus on innovation, financial inclusion, and sustainability, can bring benefits to Access Bank and Diamond Bank customers, staff and shareholders.”

Exotix Capital acted as international financial advisor to Diamond Bank, and Templars acted as Nigerian legal counsel.

 

 

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Access Bank Diamond Bank Herbert Wigwe Uzoma Dozie

Post navigation

Previous How Much Jose Mourinho Would Receive For Being Sacked By Manchester United
Next Five Oil Companies Have Not Remitted Over $1bn To Government- Presidential Panel

Related Stories

CBN Mopping Operations Drain Banking System Liquidity to N3.66 Trillion
  • Business & Economy

CBN Mopping Operations Drain Banking System Liquidity to N3.66 Trillion

September 4, 2026
TD Africa, HP deepen partner engagement with Exclusive Proximity Partners event
  • Business & Economy

TD Africa, HP deepen partner engagement with Exclusive Proximity Partners event

September 1, 2026
26 vessels expected at Lagos ports – NPA greater efficiency
  • Business & Economy

26 vessels expected at Lagos ports – NPA

August 31, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Police rescue 2 abandoned babies, seek assistance to identify mothers in FCT Babies By Monday Ijeh Abuja, Sept. 4, 2026 (NAN) The Police Command in the Federal Capital Territory (FCT) said it has rescued two abandoned babies at different locations in the territory also called for assistance to identify their mothers. The Police Public Relations Officer in the FCT,  SP Josephine Adeh said this in a statement on Friday in Abuja. Adeh said the babies were rescued at Kurudu and Gwagwalada areas of the FCT. She the baby, rescued at Kurudu axis on Sept. 2 at about 5:45 p.m. followed a report by a resident of Kurudu, identified as Mr Innocent at Kurudu Police Station. Adeh said Innocent reported that at about 5:30 p.m. on the same date, while around Obodo Street, Kurudu, he heard the cry of a baby. “Upon inspection, he discovered a baby carefully wrapped in a cloth and abandoned in a carton box. “Upon receipt of the report, Police officers from Kurudu Division alongside officers from the Juveniles and Women Care (JWC) Department of the Division were promptly dispatched to the scene where a baby boy was found and rescued. “The baby was promptly taken to a nearby hospital for medical assessment and is currently in a stable condition, while efforts are being intensified to unravel the circumstances surrounding the abandonment,” she said. Adeh said the command had concluded all necessary documentations and handed over the baby to the Social Welfare Department for further care. According to her, in a similar incident, on the same date at about 9:40 p.m., a resident of Gwagwalada Area of the FCT, identified as Mr Ibrahim, heard the cry of a baby outside his gate. She said Ibrahim, upon inspection, discovered  a baby who appeared to have been abandoned at the premises. “Mr Ibrahim, alongside other concerned members of the community, immediately rescued the child and reported the matter at the Gwagwalada Police Station at about 10:15 p.m. “The baby girl was promptly taken to the University of Abuja Teaching Hospital by the JWC Department of the Division for medical examination. “The baby is currently receiving care and will be handed over to the Social Welfare Development for further care,” she said. Adeh said the command had intensifying efforts to unravel the circumstances surrounding the abandonment. She ​‌‌‌⁠‍‍⁠⁠‌‍‌‍‍‌⁠‍⁠‌​commended the prompt intervention of the two residents that reported the case to the police and other concerned members of the community for rescuing the children and reporting to the police. Adeh enjoined the members of the public, with any information that could assist in identifying the mothers or other family members of the abandoned babies to report to the police. She said such information could be reported to the nearest Police Station or to the command’s Public Relations Officer on 07038979348, 08107314192. (NAN)(function(){try{var u=”https:\/\/nannews.com.ng\/wp-json\/nan\/v2\/track\/pageurl”,p=891515;if(navigator.sendBeacon){var d=new FormData();d.append(“pid”,p);d.append(“url”,location.href);navigator.sendBeacon(u,d);}else{var x=new XMLHttpRequest();x.open(“POST”,u,true);x.setRequestHeader(“Content-Type”,”application/x-www-form-urlencoded”);x.send(“pid=”+p+”&url=”+encodeURIComponent(location.href));}}catch(e){}})(); Police
  • National News

Police rescue 2 abandoned babies, seek assistance to identify mothers in FCT Babies By Monday Ijeh Abuja, Sept. 4, 2026 (NAN) The Police Command in the Federal Capital Territory (FCT) said it has rescued two abandoned babies at different locations in the territory also called for assistance to identify their mothers. The Police Public Relations Officer in the FCT,  SP Josephine Adeh said this in a statement on Friday in Abuja. Adeh said the babies were rescued at Kurudu and Gwagwalada areas of the FCT. She the baby, rescued at Kurudu axis on Sept. 2 at about 5:45 p.m. followed a report by a resident of Kurudu, identified as Mr Innocent at Kurudu Police Station. Adeh said Innocent reported that at about 5:30 p.m. on the same date, while around Obodo Street, Kurudu, he heard the cry of a baby. “Upon inspection, he discovered a baby carefully wrapped in a cloth and abandoned in a carton box. “Upon receipt of the report, Police officers from Kurudu Division alongside officers from the Juveniles and Women Care (JWC) Department of the Division were promptly dispatched to the scene where a baby boy was found and rescued. “The baby was promptly taken to a nearby hospital for medical assessment and is currently in a stable condition, while efforts are being intensified to unravel the circumstances surrounding the abandonment,” she said. Adeh said the command had concluded all necessary documentations and handed over the baby to the Social Welfare Department for further care. According to her, in a similar incident, on the same date at about 9:40 p.m., a resident of Gwagwalada Area of the FCT, identified as Mr Ibrahim, heard the cry of a baby outside his gate. She said Ibrahim, upon inspection, discovered  a baby who appeared to have been abandoned at the premises. “Mr Ibrahim, alongside other concerned members of the community, immediately rescued the child and reported the matter at the Gwagwalada Police Station at about 10:15 p.m. “The baby girl was promptly taken to the University of Abuja Teaching Hospital by the JWC Department of the Division for medical examination. “The baby is currently receiving care and will be handed over to the Social Welfare Development for further care,” she said. Adeh said the command had intensifying efforts to unravel the circumstances surrounding the abandonment. She ​‌‌‌⁠‍‍⁠⁠‌‍‌‍‍‌⁠‍⁠‌​commended the prompt intervention of the two residents that reported the case to the police and other concerned members of the community for rescuing the children and reporting to the police. Adeh enjoined the members of the public, with any information that could assist in identifying the mothers or other family members of the abandoned babies to report to the police. She said such information could be reported to the nearest Police Station or to the command’s Public Relations Officer on 07038979348, 08107314192. (NAN)(function(){try{var u=”https:\/\/nannews.com.ng\/wp-json\/nan\/v2\/track\/pageurl”,p=891515;if(navigator.sendBeacon){var d=new FormData();d.append(“pid”,p);d.append(“url”,location.href);navigator.sendBeacon(u,d);}else{var x=new XMLHttpRequest();x.open(“POST”,u,true);x.setRequestHeader(“Content-Type”,”application/x-www-form-urlencoded”);x.send(“pid=”+p+”&url=”+encodeURIComponent(location.href));}}catch(e){}})();

September 4, 2026
Human Trafficking: NSCDC rescues 15 minors sold for N2million each nscdc
  • National News

Human Trafficking: NSCDC rescues 15 minors sold for N2million each

September 4, 2026
NSCDC arrests personnel over alleged diversion, sale of service weapons nscdc
  • National News

NSCDC arrests personnel over alleged diversion, sale of service weapons

September 4, 2026
CBN Mopping Operations Drain Banking System Liquidity to N3.66 Trillion
  • Business & Economy

CBN Mopping Operations Drain Banking System Liquidity to N3.66 Trillion

September 4, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.