By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Top Nigerian Bank, First bank if Nigeria Plc (FBN) Thursday notified that Nigerian Stock Exchange (NSE) that it intends to acquire 75 percent (75%) Equity Stake in Banque International de Credit (BIC) Congo.

This was contained in a notice by the Bank to the Nigeria’s Exchange and obtained by www.investadvocateng.com in Lagos Nigeria.

“The Bank has notified The Exchange that following its intention to acquire a 75% equity interest in Banque International de Credit (BIC), a leading commercial bank in the Democratic Republic of Congo (DRC); it is pleased to inform The Exchange and the market that, it has received regulatory approvals for the transaction from the Central Banks of both Nigeria and DRC” the Notice said.

Consequently, a Completion Meeting was held on Tuesday, October 11, in Lagos, following which First Bank of Nigeria Plc.’s ownership of BIC became effective.