Nigerian Bank Looks for More Opportunities After Acquiring StanChart Assets

Nigeria’s biggest lender is seeking more acquisitions in a bid to expand outside its home market, days after snapping up some African assets of Standard Chartered Plc.

Access Bank Plc last week announced the purchase of the British giant’s entire operations in Angola, Cameroon, Gambia and Sierra Leone — countries where it’s already present. The Lagos-based lender is also taking over StanChart’s consumer, private and business banking division in Tanzania, widening its footprint to at least 17 markets. The parties didn’t disclose a value for the deals.

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