First Bank Nigeria Acquires Ghana’s International Commercial Bank

First Bank Nigeria (FBN), one of the top lenders in Nigeria, has acquired Ghana’s International Commercial Bank (ICB). ICB was established in Ghana in 1996, and provides banking and financial services for small and medium scale enterprises. The acquisition was reportedly finalised in January, after completion of due diligence in December 2012. Rebranding of FBN Ghana is set for the end of 2013.