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FCMB shareholders approves Finbank Acquisition
By BusinessNews Staff on September 29, 2011
First City Monument Bank Plc shareholders gave approval to the Nigerian lender to acquire FinBank Plc that was bailed out by the cental bank in 2009, First City Chairman Jonathan Long told reporters today in Lagos, the commercial capital.
The shareholders also endorsed the lender’s borrowing of $70 million from the International Finance Corp. last year, he said.
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