On December 17, 2018, two of Nigeria's leading banks, Access Bank and Diamond Bank, announced plans for a $200m merger to establish the country's largest lender by total assets ($l6.7bn). The transaction is one of the first mergers and acquisitions (M&A) in Nigeria's banking sector to arise without the intervention of the central bank in more than 10 years. It will also go a long way to strengthening the country's banking system.
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