Access Bank may soon acquire Diamond Bank

Access Bank Plc may soon acquire Diamond Bank. This is coming barely a couple of months after the regulatory agencies staved off the collapse of Skye Bank and renamed it Polaris Bank. Reports have it that the fusion is set for the first quarter of next year. Both financial institutions, according to the paper, have […]

Diamond Bank leverages retail growth in Q3 2018

Diamond Bank Plc, has released its Q3 unaudited financial report for the period ended September 30, 2018 to the of the Nigerian Stock Exchange (NSE), highlighting its strong focus on the Nigerian market, especially the retail sector through its technology-led retail strategy to drive growth and position SMEs for competitiveness. A statement by the management […]

Diamond Bank boss harps on role of trust in e-payment

The Managing Director of Diamond Bank Plc, Mr Uzoma Dozie, has described trust as an important factor for the acceptability of any electronic banking solution in the nation’s banking system. The banker, who spoke as a discussant at the panel session of the 2018 Annual National Conference of the Finance Correspondents Association of Nigeria (FICAN), […]

Stanbic IBTC, Diamond pay regulator-imposed fines

Stanbic IBTC Group has paid the N1.886 billion regulatory fine imposed by the Central Bank of Nigeria (CBN) on its banking subsidiary – Stanbic IBTC Bank. The fine was imposed on the lender over foreign exchange remittance infractions associated with certain capital importation certificates issued to MTN Nigeria Communications Limited. In a statement signed by […]

CBN’s N5.87bn fine: Pay within 14 days, AGF orders banks, MTN

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has demanded in writing that MTN Nigeria and four banks pay the N5.87bn fine awarded against them by the Central Bank of Nigeria (CBN). CBN issued the directive on August 29 — two days after the story was published on how Godwin Emefiele, Governor […]

Dirty details of 4 banks’ violations against CBN rules emerge

Details of how four banks violated the rules of the Central Bank of Nigeria (CBN) thereby attracting penalties from the apex bank have emerged. The four affected banks were Standard Chartered Bank (SCB), Citi Bank, Diamond Bank Plc, and Stanbic IBTC. Last week, the four banks’ infractions attracted sanctions from the apex bank of N5.87 […]

CBN penalises four banks N5.87bn over regulatory infractions

The Central Bank of Nigeria (CBN) today disclosed that it has imposed a fine of N5.87 billion on four banks under its regulatory purview. The apex bank also directed the affected lenders, namely Standard Chartered Bank, Stanbic-IBTC, Citibank and Diamond Bank to refund the sum of $8,134,312,397.63 for what it described as ‘flagrant violation of extant […]

FMDQ OTC appoints Diamond Bank to its board

The Board of FMDQ OTC Plc, Nigeria’s debt capital, currencies securities exchange and derivatives over-the-counter securities exchange, has announced the appointment of Diamond Bank Plc, a leading retail bank in Nigeria with a track record of quality banking solutions for customers, into its board. According to the letter of appointment sourced from the securities exchange, […]