FBN Holdings Plc (“FBNH” or “the Company”) wishes to notify Nigerian Exchange Limited (‘NGX’ or ‘The Exchange’) and the investing public that First Pension Custodian Limited (“First Pension”), a subsidiary of FBNH’s flagship subsidiary, First Bank of Nigeria Limited (“FirstBank”), has entered into a definitive agreement with Access Bank Plc for the planned acquisition by First Pension of 100% Share Capital of Access Pension Fund Custodian Limited held by Access Bank Plc (‘the Transaction’). 

The Central Bank of Nigeria and the NAccess Bank have given their “no objection” to the Transaction, with completion subject to the receipt of all required regulatory approvals. 

FBNH will update the market as appropriate and in accordance with its disclosure obligations.