The state of Nigeria’s financial sector

The Central Bank of Nigeria says it has no objection to the merger between Access bank and Diamond bank, which is set to be completed by the first half of 2019. Access Bank is offering a price of 3 Naira 13 Kobo per share, composed of one Naira in cash and the remainder via an exchange of 2 new Access bank shares for every 7 Diamond bank shares. Egie Akpata, Director at Union Capital Markets and Muyiwa Oni, Regional Head, Equity Research at Standard Bank Group join CNBC Africa to discuss the state of Nigeria’s financial sector this year.

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