Merger

GNI, Ogun ADC chieftains, others set to join Abiodun-led APC govt

A three-time governorship candidate in Ogun State, Gboyega Nasir Isiaka, appears to have buried his ambition to be governor of the Gateway State. NEWS FLAKES NG gathered that Isiaka, on Monday evening, led leaders and members of his party, the African Democratic Congress (ADC) to meet with Governor of Ogun State, Prince Dapo Abiodun, allegedly for talks on how to perfect their defection to the All Progressives Congress (APC). The former aspirant who has contested the governorship position under the African Democratic Congress for three consecutive unsuccessful attempts said he had confidence that the present administration will take Ogun State to a higher pedestal. While explaining the reason behind his [Read]

BUSINESS: Access, Diamond banks finalise merger [READ MORE]

The Management of Access and Diamond banks have completed their much anticipated merger arrangement, NEWS FLAKES NG can authoritatively report.  The shareholders who voted in support of the merger pulled 97.89 percent or 14,298,393,943 units of shares, while those against stood at 2.11 percent or 307,122,041 units shares. Mr Herbert Wigwe, Access Bank Chief Executive Officer, told the shareholders at the EGM that the merger with Diamond Bank enables Access Bank to acquire a bank with 17 million retail customers and the most viable mobile payment platform. He said that the expected revenue and cost synergies were material and promises significant long term value. Wigwe explained further that the bank, [Read]