• Saturday, June 25, 2022

Africa

Gupta banks on Nigeria deal for Brexit trade ties

By: Eastern Eye Staff

DIAMOND ADDITION WILL HELP GPG ACCESS COMMONWEALTH MARKETS BRITISH INDIAN entrepreneur Sanjeev Gupta has struck a deal with Nigeria’s Dia­mond Bank Plc to acquire its UK-regulat­ed banking subsidiary, Diamond Bank (UK) Plc. The bank, which will be renamed British Commonwealth Trade Bank (BCTB), aims to strengthen trade with developing econo­mies, particularly within the Commonwealth. “The acquisition of BCTB, with its par­ticular global networks, breadth of experi­ence and specialist expertise in developing economies, will enable us to focus on a very different market gap; providing tailor-made financial solutions that enable UK busi­nesses to access specific fast-growing mar­kets, especially within the Commonwealth,” Gupta…

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