Merger: Access Bank to become Africa’s largest bank with 29m customers Sets to raise $250m Tier II capital
Customers will benefit from size of Access Bank’s balance sheet – Diamond Bank boss Motolani Oseni, Lagos The merger between Access Bank and Diamond Bank would create a new institution that will become the largest bank in Nigeria and Africa, https://plus.google.com/+DailytimesNgr/posts
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as its customer base would span three continents, 12 countries, and 29 million clients. This is even as Access Bank disclosed on Wednesday that it had finalised plans to issue $250m Tier II Continued on page 3
THURSDAY, DECEMBER 20, 2018
VOL. 3
NO. 833
N150
NASS in rowdy session as Buhari lays N8.83trn 2019 Budget g 5
Allocates N569.17bn lion’s share to Ministry of Interior APC, PDP trade tackles over unruly conduct of lawmakers UBEC to g 12 disburse N142.6bn to states, FCT
L-R: Senior Special Assistant to the President on National Assembly Matters (Reps), Hon Sumaila Kawu; President Muhammadu Buhari; Clerk of National Assembly, Sanni Omolori; Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang and other lawmakers during Buhari’s presentation of 2019 Budget at National Assembly in Abuja ... on Wednesday. Photo: Temitope Balogun
EchoStone partners Lagos, other to bridge housing shortfall in Nigeria g 13
Appeal Court sets up Special Task Force to handle pre- election g 3 appeals
Get Badeh’s killers, Buhari charges security agencies 6 g
L-R: Group Chief Finance Officer (CFO), Access Bank Plc, Seyi Kumapayi; Group Deputy Managing Director, Access Bank, Roosevelt Ogbonna; Group Managing Director/CEO, Access Bank, Herbert Wigwe and Group Managing Director, Diamond Bank Plc, Uzoma Dozie, at a press conference on the proposed merger between Access Bank and Diamond Bank in Lagos...on Wednesday