Access Bank Reportedly Acquires Diamond Bank

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In newest reports, there are indications that popular Nigerian commercial bank, Access Bank has reportedly acquired also popular bank, Diamond Bank.

A report by TheCable earlier today, Sunday the 16th, revealed that the acquisition was midwifed by the Central Bank of Nigeria (CBN) in a bid to further consolidate the banking industry, and official announcement of the transaction will be made in the course of the week by the apex bank.

The deal was reportedly overseen by the Central Bank, with an insider, a Diamond Bank official, saying that customers of the bank need not panic as “the bank is in safe hands.”

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