Access Bank Plc has cited the failure to fulfil some requisite conditions as the reason for calling off the proposed acquisition of Sidian Bank.
According to the statement issued by the bank’s parent company Access Corporation to the Nigerian Exchange Ltd, “The completion of the proposed transaction was subject to fulfilment or waiver of certain conditions before the Long Stop date as defined in the transaction agreement. “Consequently, we hereby notify the Nigerian Exchange Ltd and the investing public that the Sidian acquisition will no longer be completed by the Bank.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Re-energize your commitment to elect credible candidates - LP director to youthsThe Director of Youths Affairs, Labour Party Presidential Campaign Council, Isah Abubakar, has called on Nigerian youths to re-energize their commitment 'We are going to dismantle the structure of criminality, the structure that have empoverished Nigerians' Peter Obi. This is what the APC and PDP is afraid of.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
High interest rate to persist – Access PensionsHigher interest rates will persist in 2023 with focus on yield, according to a report released by Access Pensions Limited. Hmm! Nigerians Strong sha👏😂
Source: MobilePunch - 🏆 8. / 63 Read more »
Ogun denies Atiku access to stadium for rallyThe request by the Peoples Democratic Party to make use of the MKO Abiola International Stadium for the rally of its presidential candidate, Atiku Abubakar, has been turned down by the Ogun State Ministry of Youth and Sports. Nice one renoomokri I am now certain that PDP is taking over. APC is jittery and ATIKU is the incoming President.
Source: MobilePunch - 🏆 8. / 63 Read more »
FCCPC Boss Explains Inability to Resolve Bank Customers’ Complaints – THISDAYLIVEWould it not have been more appropriate to initiate amendments to the law rather than struggling to participate in something you are excluded from and achieving no result. So Mr. CEO do the needful thru the National Assembly
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
BOI clarifies misconception about NG-CARES | The Guardian Nigeria News - Nigeria and World NewsThe Bank of Industry (BOI) has said, the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme is an initiative of the World Bank and the Federal Government of Nigeria, disclosing that the scheme is not an initiative of the bank as claimed.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Report rates Wema Bank best-performing stockWema Bank Plc’s stock has emerged as the best-performing financial stock on the Nigerian Exchange during the 2022 financial year, the company disclosed in a statement. I agree I also like wemabank customer service any time I go to pay my kid bro's school fee, I like the way I am treated right from the entrance. The branch at Town planning way.
Source: MobilePunch - 🏆 8. / 63 Read more »