“The potential transaction relates to the sale of 100 per cent of Cavmont Capital interest in Cavmont Bank to Access Bank Zambia,” it stated.

The bank explained that there was no certainty yet on agreement or terms of the transaction.

It, however, urged investors to exercise caution when dealing in Access Bank’s securities until a full announcement was made.

The bank noted that “the completion of a transaction would be subject to formal regulatory approvals.”

The News Agency of Nigeria (NAN) reports that the acquisition would be the second across Africa having acquired Transnational Bank Limited of Kenya.