Access Holdings says its flagship subsidiary, Access Bank Plc, has received regulatory approval from the Central Bank of Angola for the acquisition of a majority equity stake in Finibanco, an Angolan Bank
May 4, 2023 8:37 AMAccess Holdings says its flagship subsidiary, Access Bank Plc, has received regulatory approval from the Central Bank of Angola for the acquisition of a majority equity stake in Finibanco,Sunday Ekwochi, the company secretary, made this known in a corporate filing on the Nigerian Exchange Limited , on Wednesday.
The bank said the transaction would be effected through the purchase of existing shares owned by Montepio — the holding company for Banco Montepio, one of Portugal’s commercial banks.acquire a total shareholding of over 80 percent at the end of the transaction, by buying additional shares from minority shareholders.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Access Holdings gets regulatory approval to buy Angolan BankAccess Bank is setting sights on scaling the stake up to 80 per cent
Read more »
Only 57million Nigerians Out Of Over 200million Have Bank Verification Numbers – Central Bank | Sahara Reporters
Read more »
Polaris Bank is most improved retail bank in Nigeria, KPMG survey saysA new survey by KPMG Nigeria has listed Polaris Bank as the most improved bank under the retail segment.
Read more »
Over 57m Nigerians have enrolled for BVN, says CBN | TheCableThe Central Bank of Nigeria (CBN) says over 57 million citizens have enrolled for their bank verification numbers (BVN) as at March 31, 2023.
Read more »
Sudan: We’ll probe Egypt's reluctance to grant access to returning Nigerians — GbajabiamilaMr Gbajabiamila also said the House would revisit the law that made the NEMA the agency responsible for taking charge of evacuations for a possible review.
Read more »
BREAKING Naira Redesign: Fresh Protests At Central Bank Headquarters As Nigerians Demand Governor Emefiele’s Arrest, Removal | Sahara ReportersSome Nigerians are currently protesting at the headquarters of Central Bank of Nigeria (CBN) to demand the resignation and arrest of the CBN Governor, Godwin Emefiele over the failed new naira notes policy. The protesters wielding placards were sighted at the premises of the apex bank, who noted that Emefiele had inflicted undue hardship on Nigerians which had led to the death of many people. The group under the auspices of George Uboh Whistle-blower Network vowed to occupy the apex bank until their demands were met.
Read more »