It’s a deal that few saw coming – or in any case not as fast as it did. The planned merger of Nigeria’s Access and Diamond banks, announced late last year, could be transformative for the country’s banking sector.
The merger, if approved by shareholders and regulators, would create Africa’s largest bank by customers – 29 million – and Nigeria’s largest bank by assets, ahead of long-term leader Zenith Bank.
|
|
|
Herbert Wigwe, |
Speaking exclusively to Euromoney in late January, Access Bank’s chief executive, Herbert Wigwe, and his closest adviser, Bolaji Balogun at investment bank Chapel Hill Denham, highlight the transaction’s importance.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
