Nigeria's Heritage is acquiring Enterprise Bank for $340M

Nigerian Heritage Banking Co. is paying 56.1 billion naira ($340 million) to acquire nationalised lender Enterprise Bank Ltd.

Kayode Lambo, a spokesman for Asset Management Corp. of Nigeria, which is overseeing the sale of banks taken over by the state after the financial crisis, confirmed the price today.

Read more: Nigeria’s Heritage is Acquiring Enterprise Bank for $340 Million – Bloomberg.