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NEWS and REPORTS => Nigerian News => Topic started by: freeware on Oct 14, 2010, 10:25 PM

Title: Rescued Nigeria Banks set to announce merger talks
Post by: freeware on Oct 14, 2010, 10:25 PM
Oct 14 (Reuters) - Five or six of the Nigerian banks rescued in a $4 billion bailout last year will announce negotiations with potential suitors in the coming weeks, Central Bank Governor Lamido Sanusi said on Thursday.

"In the next two to three weeks you will hear announcements from five or six institutions about negotiations on registered acquisitions," he said at a conference on the power sector in the capital Nigeria. (For more Reuters Africa coverage and to have your say on the top issues, visit: af.reuters.com/ ) (Reporting by Chijioke Ohuocha; Writing by Nick Tattersall)