Banking Business Economy Money Money

60% LDR: How stock price of sanctioned banks depreciate on NSE

Ihesiulo Grace 4 October 2019 0

The stock price of five banks out of 12 sanctioned by the Central Bank of Nigeria (CBN) on Thursday depreciated on The Nigerian Stock Exchange (NSE). The apex bank on Wednesday debited 12 banks who failed to meet the initial deadline of 60 per cent Loan to Deposit Ratio (LDR) by September 30,

Business

AGM: Access Bank shareholders approve N0.25 kobo final dividend

Ihesiulo Grace 26 April 2019

…Lauds merger with Diamond Bank Temitope Adebayo The shareholders of Access Bank Plc have approved the final payment of N0.25 kobo to its investors, the payment by the bank brings total dividend for the year ended December 31, 2018, to 50 Kobo per share. The shareholders, at Bank 30th Annual General Meeting, (AGM) held in […]

Business

Access Bank, Diamond Bank shareholders endorse merger

Ihesiulo Grace 6 March 2019 0

Shareholders of Access Bank Plc and Diamond Bank Plc on Tuesday unanimously gave the nod to a merger between the two commercial lenders. The merger, which will make Access Bank the biggest bank in Africa, received a boost when investors of both banks at a Court Ordered Meeting (COM) held yesterday in Lagos gave their […]

Business

Merger: Diamond Bank introduces PayDay Loan

Ihesiulo Grace 5 March 2019 0

As part of its merger benefits to customers, Diamond Bank, Nigeria’s leading retail Bank has introduced PayDay Loan to ease the financial burden of customers. PayDay Loan is an instant salary advance service available to all customers who have their salary accounts in Diamond Bank. This service is quick, convenient and does not require any […]

News Nigeria

Diamond Bank Shooting: OPSH arrests soldiers

Ihesiulo Grace 25 October 2018 0

The soldiers who shot and killed a security guard and left two others injured at Diamond Bank in Jos on October 22, have been arrested and detained by the Special Task Force (STF), in Plateau, code named Operation Safe Haven (OPSH). The OPSH Commander, Major General Augustine Agundu, in a statement signed by the STF […]

Business News

Diamond Bank disburses ₦1bn under cash flow-based SME lending scheme

Ihesiulo Grace 20 August 2018 0

Leading retail bank, Diamond Bank Plc, has again reiterated its support for Small and Medium-Scale Enterprises (SMEs) as the Bank announced its disbursement of over N1 billion under the cash flow-based SME lending scheme. Launched in January 2017 in partnership with the Women’s World Banking (WWB), the scheme features the Cash Flow-based MSME Lending Methodology, […]

News

Sacked Diamond bank staff: NASS gives CBN 21-day ultimatum on stance

Ihesiulo Grace 31 July 2018 0

The House of Representatives Committee on Public Petitions chaired by Rep. Nkem Abonta has given a final 21 days ultimatum to Central Bank of Nigeria(CBN) to declare its position on the case of staff members of Diamond Bank Plc who were sacked without any form of compensation. Abonta stressed that the position of the CBN […]

Business News

Diamond Bank drives growth with 3m digital customers in Q2

Ihesiulo Grace 31 July 2018 0

Diamond Bank has released its second quarter unaudited financial report for the period ended June 30, 2018 to the management and stockbrokers of the Nigerian Stock Exchange (NSE), emphasising its strong focus on the Nigerian market, especially the retail business segment through its digital penetration strategy. The report showed that the Bank’s digital strategy is […]

Business

Diamond Bank appoints Bickersteth Chairman, Ogbechie retires

Ihesiulo Grace 4 July 2018 0

Diamond Bank recently announced the appointment of Oluseyi Bickersteth as the new Chairman of the Board of Directors, effective June 26, 2018. This appointment comes against the backdrop of Bickerseth’s strong values and vision which both align with the bank’s current focus of delivering excellent performance by leveraging technology to provide financial solutions to

Business

Diamond Bank rewards budding entrepreneurs with N15m via BET 7

Ihesiulo Grace 29 June 2018 0

Leading retail bank, Diamond Bank Plc has once again demonstrated its passion for supporting small businesses by rewarding finalists of the seventh season of the Building Entrepreneurs Today (BET), programme with N15 million grant. Ikenna Ubah, Tope Alake, Jumoke Dada, Bayo Ojelabi and Osagie Azeta emerged winners of the grants having displayed exceptional skills and […]

Business

Diamond Bank Divests Its 100% Holding In Diamond Bank Uk; To Focus On Nigeria

Ihesiulo Grace 26 April 2018 0

Diamond Bank Plc has signed a Share Sale and Purchase Agreement with a member of GFG Alliance, for the disposal of its entire shareholding in its international subsidiary, Diamond Bank (UK) Plc (“DBUK”). The disposal was disclosed in a regulatory filing at the Nigerian Stock Exchange on Wednesday and signed by Diaomond Bank Company Secretary […]

Headlines

Diamond Bank partners MCF, organises training to reduce medical tourism

Ihesiulo Grace 5 April 2018 0

In a bid to reducing medical tourism in Nigeria, Diamond bank in partnership with Medical Credit Fund (MCF) and Enterprise Development Centre (EDC) are training some selected group of health practitioners on the business aspect of healthcare. The first phase of the training was conducted at the Lagos Business School’s EDC and it aimed at […]

News

N90M Loan: Diamond Bank vs Sunshine De School suit for hearing April 11

Ihesiulo Grace 26 March 2018 0

Justice M.L Sule of an Oyo state high court sitting at Iyaganku, Ibadan has fixed definitive hearing in a six years old suit bordering on N90m loan recovery between the Sunshine De Gold Nursery and Primary school and Diamond Bank Plc to April 11, 2018. In the six years that the case had been on, […]

Business

Infotech Security: Diamond Bank receives ISO/IEC 20000-1:2011 Certification

Ihesiulo Grace 10 January 2018 0

Diamond Bank has been awarded the prestigious ISO/IEC 20000-1:2011 certification by the British Standard Institute (BSI) Group. The certification, which was awarded after a rigorous process and systems audit by qualified BSI auditors, is a seal of approval that the bank’s network architecture, software design, security policies, procedures and protective practices conforms

Business Capital Market

Why we are selling African Subsidiaries- Diamond Bank CEO

Ihesiulo Grace 6 November 2017 0

Diamond Bank Plc has agreed to sell its operations in Benin, Togo, Cote d’Ivoire and Senegal to Manzi Finances S.A., a Cote d’Ivoire-based financial services holding company. Regulatory approvals have been obtained in all jurisdictions for the transaction, which is anticipated to close before December 31, 2017. The bank which is one of Nigeria’s fastest […]

Headlines

Diamond Bank gives up its units in Benin, Togo, Cote d‘Ivoire, Senegal to focus on Nigeria

Ihesiulo Grace 3 November 2017 0

Nigeria’s Diamond Bank is quitting other West African markets to focus efforts at home and deploy its resources on personal banking business in Africa’s biggest economy, according to a statement Friday, credited to Uzoma Dozie, its Chief Executive Officer. The move by Diamond Bank ends the mid-tier lender’s 18-year push abroad. As reported by Businessamlive, […]

Capital Market

Equities market rebound 0.22% as Nestle Board meet to Consider Interim Dividend

Ihesiulo Grace 13 October 2017 0

….As insurance led gainers Equities Trading activities on the Nigerian Stock Exchange rebounded on Thursday, as investors embarked on bargain hunting in insurance and consumer goods stocks to lift the Nigerian Stock Exchange All-Share Index (ASI) by 0.22 percent. The NSE Insurance Index led the day’s sectoral gainers with an increase of 2.6 per cent […]

Money Money

Diamond closes operations over Apapa fire

Ihesiulo Grace 20 July 2017 0

The Management of Diamond Bank and Sterling Bank in separate statement on Wednesday, have confirmed that there was a fire incident as a result of Mob action at their Apapa branch in Lagos State. Diamond Bank, while explaining in a document made available to our correspondent, by the Head, Corporate Communications, Chioma Afe, said the […]

Business

BoI, Diamond Bank partner on micro loan to petty traders, farmers

Ihesiulo Grace 9 March 2017 0

The Bank of Industry (BoI) says it has partnered Diamond Bank to provide soft loan to traders, artisans, cooperatives, youth and farmers in the country. The Acting Managing Director, BoI, Mr Waheed Olagunju, made this known at the launching of the programme late on Tuesday in Lagos. Olagunju said that the Federal Government introduced the […]

Business Money

Valentine Celebration: 895 Diamond Bank customers to benefit from bumper rewards

Ihesiulo Grace 10 February 2017 0

Not less than 895 customers of Diamond Bank will benefit from the bumper reward scheme purposely rolled out to welcome the beautiful season of Valentine. The bank in the recent time has rolled out several offers to reward its customers and give them the opportunity to express their commitment and love throughout the season. Commenting […]