January 3, 20198/Cordros Securities
Investors Bite
NSEASI Dragged Down -0.96% by Diamond Bank, Other Banking Stocks
January 3, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market closed the second trading session of the year in the red, dragged down by Banking counters to lose -0.96 percent to 30,771.32 basis points, compared to -1.15 percent decline recorded previously, as Year-to-Date (YTD) returns currently stands at a negative […]
Nigeria-Based Access Bank And Diamond Bank Ratings Affirmed On Announced Merger; Outlook Stable
Culled—Proshare 2/1/2019/S&P Global Ratings Nigeria-based Access Bank PLC and Diamond Bank PLC have announced a merger, which we expect to close by June 2019, on receipt of regulatory approvals. We anticipate that the acquisition is unlikely to affect Access Bank’s credit profile, and will relieve some of the liquidity pressure […]
