Letshego completes acquisition of Nigerian Bank

Spreading wings: Low
Spreading wings: Low

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.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

Have a Story? Send Us a tip
arrow up