The transaction is completed three months after the initial agreement. It follows the obtention of regulatory approvals.
Nigerian financial services holding company, Access Holdings Plc, announced, Wednesday, that it has completed the sales of its Access Pension Fund Custodian Limited shares. The transaction, which received all the regulatory approvals, was carried out through Access Bank Plc.
The shares were sold, for an undisclosed amount, to First Pension Custodian Nigerian Limited, a pension fund management subsidiary of First Bank of Nigeria Limited.
The transaction is completed three months after it was initiated. Indeed, on May 18, Access Holdings entered into the initial agreement to sell its pension fund management subsidiary (Access Pension Fund Custodian Limited) to First Bank of Nigeria Limited. At that time, the transaction was approved by the Central Bank of Nigeria and the National Pension Commission, which regulates pension fund management businesses in Nigeria.
Two days before the announcement of its completed sale, Access Holdings indicated that it had already received all the necessary approvals to acquire a majority stake in a pension fund management company, First Guarantee Pension Limited.
Chamberline Moko
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captures the contradictions of a continent that holds...
Togo unveils 2026–2028 strategy to boost Sahel-Gulf cooperation Plan targets security, trade corridors, political dialogue, regional...
Mobile phones now handle sales, payments, and logistics for thousands of small businesses Orange launches Mobile Pro to serve firms with fewer than 10...
Seychelles president visits Russia, UAE to strengthen strategic partnerships Talks cover tourism, investment, transport, food security...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...