Tuesday, December 18, 2018
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    ‘We’ll become biggest retail bank in Africa’ — Diamond announces merger with Access Bank

‘We’ll become biggest retail bank in Africa’ — Diamond announces merger with Access Bank

Diamond Bank has announced its decision to merge with Access Bank Plc, as earlier reported by TheCable.In a statement on Monday, the bank said the strategic decision will help it become the biggest retail bank on the African continent."The Board of Diamond Bank Plc (“Diamond Bank”) today announces that following a strategic review leading to a competitive process, the Board has [...]

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    Workers begin strike, cut off water and power supplies to n’assembly

Workers begin strike, cut off water and power supplies to n’assembly

Members of the Parliamentary Staff Association of Nigeria (PASAN) have begun their four-day warning strike.The workers had issued a strike notice on Sunday. As of the time of filing this report, entrances to the assembly complex had been blocked while the workers also cut off water and power supply to the premises of the assembly.They are demanding to be paid [...]

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    Access, Diamond Bank share prices jump after ‘acquisition’

Access, Diamond Bank share prices jump after ‘acquisition’

Diamond Bank share price is on the rise, following the conclusive acquisition by Access Bank PLC.On Sunday, TheCable reported the acquisition by Access Bank, as midwifed by the Central Bank of Nigeria to consolidate the banking sector in the country.At the Nigeria Stock Exchange (NSE) on Monday, investors seem to be voting their monies into Diamond Bank, following the expectations [...]

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    Army rejects report on farmers-herders conflict, threatens to seal offices of Amnesty International

Army rejects report on farmers-herders conflict, threatens to seal offices of Amnesty International

The Nigerian army has denied a new report on killings resulting from farmers-herders conflict released by Amnesty International (AI).The army said the report is a "fabrication of fictitious allegations of alleged human rights abuses", accusing the organisation of "working hard to destabilise Nigeria".It said AI's goals are "to destabilise Nigeria and to dismember it" and that it would have no option [...]

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    ‘You need another trip to Dubai’ — APC taunts PDP

‘You need another trip to Dubai’ — APC taunts PDP

The All Progressives Congress (APC) says the Peoples Democratic Party (PDP) needs another strategic session in Dubai.In November, top leaders of the opposition party spent at least four days in Dubai, strategising for the 2019 elections.Lanre Issa-Onilu, APC spokesman, said it is "amazing" that the opposition party could not present any alternative governance agenda before the 2019 polls.Issa-Onilu said instead [...]

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    Amnesty: Farmers-herders conflict led to loss of 3,641 lives due to FG’s incompetence

Amnesty: Farmers-herders conflict led to loss of 3,641 lives due to FG’s incompetence

Amnesty International says a total of 3,641 Nigerians have been killed in conflict between herdsmen and farmers in the country since January 2016.The international human rights watchdog blamed this on "gross incompetence" on the part of the authorities and failure of security agencies to respond to warning signals.In 2018 alone, over 1,000 people have reportedly been killed in attacks between herdsmen [...]

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    EXCLUSIVE: Access Bank acquires Diamond Bank

EXCLUSIVE: Access Bank acquires Diamond Bank

Access Bank has finally acquired Diamond Bank, TheCable can report.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).The acquisition was midwifed by the CBN in a bid to further consolidate the banking industry, sources informed TheCable.A Diamond Bank official who spoke to TheCable said [...]

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    Babangida Aliyu on 2019: Atiku will win if there is no rigging

Babangida Aliyu on 2019: Atiku will win if there is no rigging

Babangida Aliyu, former governor of Niger state, says Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), will win the 2019 election if there is no rigging.Aliyu said this at an interactive session with reporters in Kaduna on Sunday.He urged the Independent National Electoral Commission (INEC) and security agencies to remain neutral in order to guarantee free, fair and [...]

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    Borno residents on the run as soldiers, Boko Haram fighters exchange fire

Borno residents on the run as soldiers, Boko Haram fighters exchange fire

Residents of Molai, a village four kilometers off Maiduguri, Borno state capital, are currently on the run following a heavy gunfire between soldiers and Boko Haram fighters.A resident told TheCable that the army has mobilised troops to the area to repel the fighters who struck 45 minutes ago.Molai is the only village in that axis where there has been no [...]

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    Buhari has been of great service to Nigeria, says Jonathan

Buhari has been of great service to Nigeria, says Jonathan

Ex-President Goodluck Jonathan says President Muhammadu Buhari has been of great service to the country.Jonathan said this on Sunday in a goodwill message to Buhari on his 76th birthday.He said the president has contributed much to the development of the country, having served in different offices.The former president prayed for good health and more productive years for Buhari."Yours has been [...]

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Exchange Rates

December 18, 2018USDGBPEUR
INTERBANK306397354
LAGOS365467411
KANO365465415
PH364466412
ABUJA364465413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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