Ghana approves take-over of ICB by First Bank of Nigeria

by | September 25, 2013 1:16 pm



The Bank of Ghana (BOG) has approved the acquisition of Ghana’s International Commercial Bank (ICB) by the First Bank of Nigeria (FBN). A statement by the BOG on Wednesday disclosed that the terms of the approval required the FBN to offload at least 40 per cent of the shares to Ghanaians through private placement or…

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