Tag Archives: accessbank

Revealed! How Five Nigerian Banks Spend N4.2 Billion On Their Directors In Six Months

Are banks in Nigeria really making so much money? Well this report from Business Day Newspaper seems to say so, as the five banks, namely, Zenith Bank, Access Bank, Guaranty Trust Bank (GTBank), United Bank for Africa (UBA), and First Bank, all termed as ZAGUF Banks have spent a total of N4.182 Billion on their directors between January and June

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Access Bank Acquires Diamond Bank

Access Bank Plc has finally acquired Diamond Bank Plc. According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria, CBN. Another source confirmed that the deal has been sealed, awaiting final ratification from the regulatory body. The acquisition was midwifed by the CBN in a bid

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