Business

The Nigerian National Petroleum Corporation (NNPC) is working on increasing penetration in the downstream sector to enable it capture 30 per cent of the retail market in the country.The Group Managing Director of the corporation,…

SHOULD oil prices continue to dip, funding next year’s N8.73 trillion budget may be tough for the Federal Government. Brent declined 2.01 per cent to $58.41 a barrel yesterday on the back of global equity…

Pascal Dozie, founder of Diamond Bank Plc, will remember December 17, 2018, as the day his bank began its journey into extinction. Once described by Forbes as the ‘Rolling Stone That’s Never At A Loss’, the…

The Central Bank of Nigeria (CBN) has approved the proposed merger between Access Bank and Diamond Bank. In a letter dated December 17, 2018, and addressed to the managing director of Access Bank, the apex bank…

Various government efforts at revamping agriculture may have started yielding results as prices of tomatoes and pepper have reduced in major markets in Lagos. A survey by NAN on Monday at Mile 12, Oyingbo and Iddo…

Diamond Bank Plc’s acquisition by Access Bank Plc is official. Yesterday’s confirmation of the deal has reinforced the story exclusively reported by The Nation on November 12. Diamond Bank’s Chief Executive…

The management of Diamond Bank on Monday announced its merger with Access Bank. A statement by Uzoma Uja, the bank’s Secretary/Legal Adviser, said the transaction will be completed by the first half of 2019.…

Petroleum products marketers on Monday confirmed they have started collecting the N236 billion promissory notes for their outstanding subsidy debts. The payment is an implementation of the federal government’s promise to pay them…

As the news of Access Bank’s likely merger with tier two lender, Diamond Bank continues to filter into the financial system, one thing that would be uppermost on the mind of staff of both entities is job security. …

As the news of Access Bank’s merger with tier two lender Diamond Bank continues to reverberate across the country, the primary concern for many Nigerians will be what happens to their deposits. Echoes of banking…

Diamond Bank has announced its decision to merge with Access Bank Plc, as earlier reported by TheCable. In a statement on Monday, the bank said the strategic decision will help it become the biggest retail bank…

Diamond Bank share price is on the rise, following the conclusive acquisition by Access Bank PLC. On Sunday, TheCable reported the acquisition by Access Bank, as midwifed by the Central Bank of Nigeria to…

Diamond Bank has announced its decision to merge with Access Bank Plc, as reported by TheCable. In a statement on Monday, the bank said the strategic decision will help it become the retail biggest retail bank on…

Nairametrics confirms that a merger deal between Access Bank Plc and Diamond Bank will be announced on or before Close of Business Monday, December 16th, 2018. Nairametrics had earlier postulated on how a possible…

Pizza Hut, a division of Yum! Brands (NYSE: YUM), yesterday announced the opening of its first restaurant in Nigeria with two more expected by the end of the year.Nigeria is often referred to as the “Giant of Africa”, a reference…

Access Bank has finally acquired Diamond Bank, TheCable can report. According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria…

Co-founder of Access Bank, Herbert Wigwe, in an interview with Peace Hyde on My Worst Day, touches on a wide variety of issues including his experience as an entrepreneur, his worst day in business and advice for…

In order to avert gas flaring, the Green Energy International Ltd, operators of Otakikpo Marginal field  in OML 11, is now building a $12million Liquefied Petroleum (LPG) plant  in Ikuru Town in Rivers State that will be ready…

Leading Telecommunications company, MTN has paid another N165 billion out of the N330 negotiated fine imposed on it by the Nigerian Telecommunications Company (NCC). Executive Vice Chairman of the NCC, Prof Umar Garba…

The Central Bank of Nigeria (CBN) says the migration of the Federal Government Ministries, Departments and Agencies (MDAs) to the Treasury Single Account (TSA) has led to positive growth in the value and volume of transactions…

The International Monetary Fund (IMF) says the world’s debt has hit an all-time record of $184 trillion, an upward swing from the $182 trillion reported last week. The figure represents an average of $86,000 debt owed per…

The consumer price index that measures inflation rose to 11.28% in November. According to the November 2108 CPI/Inflation report released by the National Bureau of Statistics (NBS) on Friday, inflation increased…

The Federal Government yesterday filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni at a commercial court in London, United Kingdom in connection with a 2011 oilfield deal.The OPL 245 facility is also at the heart of…

Apple announced Thursday it will build a $1 billion campus in Texas as part of a nationwide expansion. The facility will be less than a mile from the tech giant’s existing facility in Austin and initially…