Investors sell off dropping Access Bank shares after Diamond Bank Merger

Side effects of the Access Bank and Diamond Bank merger manifested on the floor of the Nigerian Stock Exchange as Access Bank lost heavily at the end of trading on Tuesday as some investors sold off their shares. The bank recorded a 5.52 per cent decline in its share price as it fell to N7.70 on Tuesday from the N8.15 recorded on Monday. Following an announcement on Monday confirming its proposed merger with Diamond Bank Plc, Access Bank’s share price gained 9.40 per cent that day to close at N8.15…

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Protesting National Assembly staff vamoose ahead of Prez. Buhari’s budget presentation

The atmosphere at the National Assembly is calm as President Muhammadu Buhari presents the 2019 Appropriation Bill to the legislature today. The President is scheduled to arrive any moment from now and lay the budget before a joint session of the Senate and House of Representatives. Men of the Nigeria Police and operatives of the Department of State Services are spearheading security operations in and around the complex. Presidential Guards Brigade, Nigerian Security and Civil Defence Corps, Federal Road Safety Corps, among others, are also on the ground. The Clerk…

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