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Nigeria's Bank PHB to consider preferred bidder

Posted On : May 13th, 2013 | Updated On : May 13th, 2013


LAGOS Oct 29 (Reuters) - Nigeria's central bank advisers have recommended a preferred bidder to acquire rescued lender Bank PHB (PLATINU.LG: Quote) and the bank's board will meet to consider the proposal next week, a banking source said on Friday.

"There is a preferred bidder but the board needs to consider it," the source said, adding that an announcement would be made next week. (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)

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