BREAKING: NSE suspends trading in Diamond Bank shares

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Trading in the shares of Diamond Bank Plc has been placed on full suspension following the court sanction of the Scheme of Merger with Access Bank Plc.

The Nigeria Stock Exchange, in a notification to its dealing members posted on its website on Wednesday, said that the full suspension takes effect from March 20 .

It noted that Diamond Bank obtained the court sanction of the scheme on March 19, being the effective date of the scheme. Access Bank Chief Executive Officer, Mr. Herbert Wigwe, told shareholders at the EGM that the merger enabled Access Bank to acquire a bank with 17 million retail customers and the most viable mobile payment platform.

 

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