Letshego completes acquisition of Nigerian Bank

Thursday, January 21, 2016

Letshego Holdings has completed the process to acquire a 100% stake in a commercial bank in Nigeria, FBN Microfinance Bank from its parent FBN Holdings plc. The move will bring their footprint to 10 countries covering southern, east and west Africa.

The move is part of Letshego’s strategy to spread wings in Africa and have anticipated Nigeria to be their key market.

According to Letshego’s group managing director, Chris Low this opportunity to enter the Nigerian market coincides with the expansion of range of financially inclusive products and services.

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Letshego completes acquisition of Nigerian Bank

Letshego Holdings has completed the process to acquire a 100% stake in a commercial bank in Nigeria, FBN Microfinance Bank from its parent FBN Holdings plc. The move will bring their footprint to 10 countries covering southern, east and west Africa.

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