BY NKECHI NAECHE-ESEZOBOR–First Pension Custodian Limited, a subsidiary of First Bank of Nigeria Limited has announced it has entered into a definitive agreement with Access Bank Plc for the planned acquisition by First Pension 100% share capital of Access Pension Fund Custodian Limited held by Access Bank Plc.
This is contained in a notice to the Nigerian Exchange Group that the Central Bank of Nigeria and the National Pension Commission have given their no objection to the transaction, with completion subject to the receipt of all required regulatory approvals.