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Current Feed ContentNigerian Bank, PHB, acquires Gambia’s IBCReports monitored by the Nigerian daily newspaper, The Sun, indicate that Bank PHB Plc has acquired the Gambian-based International Bank for Commerce (IBC). According to the Monday 7th January 2008 edition of the said newspaper, the deal saw the Nigerian bank paying $23 million for a 74 per cent stake in IBC, also known as Banque Mauritanienne pour le Commerce International (BMCI), a part of the Abass Group of Companies with its headquarters in Mauritania. It could be recalled that the... |
