By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Nigerian BankerNigerian Banker
Notification Show More
Latest News
Adeduntan urges banks to improve loan monitoring to prevent NPLs’ build-up
January 12, 2023
Despite difficult times, FirstBank excited families with unique “DecemberIssaVybe” experiences
January 8, 2023
Another set of winners to emerge in the ongoing Polaris Save & Win Promo
January 4, 2023
Why the 2022 edition of DecemberIssaVybe by FirstBank wasn’t just about the excitement but memories
January 4, 2023
Polaris Bank assures Nigerians of seamless transactions this Yuletide
December 27, 2022
Aa
  • Home
  • News
  • Banking Personality
  • Ethical Banking
  • My Bank & I
  • Research & Analysis
  • Opinion
  • My Bookmarks
  • Contact US
Reading: FBN Holdings acquires 100% of Access Pension Fund
Share
Aa
Nigerian BankerNigerian Banker
  • Banking Personality
  • Ethical Banking
  • My Bank & I
  • Opinion
  • Research & Analysis
Search
  • Home
  • News
  • Banking Personality
  • Ethical Banking
  • My Bank & I
  • Opinion
  • Research & Analysis
  • Contact
Have an existing account? Sign In
Follow US
© 2022 - Nigerian Banker. All Rights Reserved.
- Advertisement -
Ad image
Nigerian Banker > Blog > News > FBN Holdings acquires 100% of Access Pension Fund
News

FBN Holdings acquires 100% of Access Pension Fund

bankernaija
bankernaija September 22, 2022
Updated 2022/09/22 at 2:17 PM
Share
SHARE

FBN Holdings, the parent company of First Pension Custodian Limited has announced it’s acquisition of 100% stake in Access Pension Custodian Nigeria Limited a subsidiary of Access Bank Plc. The announcement was contained in a release signed by Adewale Arogundade, the Acting Company Secretary to FBN Holdings today

“FBN Holdings Plc is pleased to inform Nigerian Exchange Limited and the investing public that First Pension Custodian Nigeria Limited, a subsidiary of FBN Holdings has completed the acquisition of 100% of the share capital of Access Pension Fund Custodian Limited from Access Bank Plc, having obtained the requisite regulatory approvals

“The transaction has the “no objection” of the Central”Bank of Nigeria as well as the approvals of the National Pension Commission and the Federal Competition and Consumer Protection Commission

The transaction is in line with First Pension’s growth strategy and advances its mission to be the ‘custodian of first choice’, and leading pension custodian in sub-Saharan Africa. Thank you“.

First Pension Custodian Nigeria Limited licensed in 2005 as a pension custodian is a wholly-owned subsidiary of First Bank of Nigeria Limited. The parent company FBN Holdings is the first banking institution to adopt the company holding structure in Nigeria in 2012 following Central Bank of Nigeria advise for banks to divest from non core banking businesses or adopt a company holding structure.

Related

- Advertisement -
TAGGED: access Bank, FBN Holdings, pension custodian
bankernaija September 22, 2022
Share this Article
Facebook TwitterEmail Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Adeduntan urges banks to improve loan monitoring to prevent NPLs’ build-up
  • Despite difficult times, FirstBank excited families with unique “DecemberIssaVybe” experiences
  • Another set of winners to emerge in the ongoing Polaris Save & Win Promo
  • Why the 2022 edition of DecemberIssaVybe by FirstBank wasn’t just about the excitement but memories
  • Polaris Bank assures Nigerians of seamless transactions this Yuletide

Recent Comments

  1. How Nigerians in Diaspora can obtain BVN and attach it to their Nigerian Bank Account with ease – Nigerian Banker on How BVN can be used to steal money from you Bank Account

You Might Also Like

News

New Naira notes hits circulation today

December 15, 2022
News

CBN suspends charges on cash lodgement following Naira redesign deadlines

December 8, 2022
News

CBN limits cash withdrawal to N100,000 per week effective Jan 2023

December 6, 2022
Godwin Emefiele, Central Bank of Nigeria Governor
News

Why CBN is redesigning the Naira notes – Emefiele

October 26, 2022

Categories

  • My Bank & I
  • Banking Personality
  • Ethical Banking
  • Research & Analysis
  • Opinion

About US

Nigerian Banker is focused on being the reference and source for all banking and related information in Nigeria
Quick Link
  • My Bookmark
  • Contact Us
  • News
  • My Bank & I
Top Categories
  • Banking Personality
  • Ethical Banking
  • My Bank & I
  • Opinion
  • Research & Analysis

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

© Nigerian Banker. 2022. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?