- Heritage Bank has acquired state-controlled Nigerian bridge bank, Enterprise Bank, from AMCON (The Asset Management Corporation of Nigeria) for $330 million.
- Enterprise Bank was one of three Nigerian banks nationalised by the state in 2008.
- Before the state bailout, the lender was called Spring Bank.
- The bank was relaunched as Enterprise Bank in 2011.
- Enterprise has 160 branches in West Africa.
Ben Naylor - Regional editor