First Bank of Nigeria Acquires Commercial Bank in Ghana
First Bank of Nigeria (FBN) has received approval from The Bank of Ghana (BOG) for acquisition of Ghana’s International Commercial Bank (ICB), with subsidiaries in Gambia, Guinea, Senegal and Sierra-Leone. The BOG disclosed that the terms of the approval required the FBN to offload at least 40% of the shares to Ghanaians through private placement […]