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Nigeria
1989 (37 Years)
Last online: No recent activity
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Intercontinental Bank
Company Information
Get to know Intercontinental Bank
Founded in 1989, Intercontinental Bank Plc grew to become one of Nigeria's largest and most prominent financial institutions, offering a wide range of commercial, retail, and corporate banking services. Following a 2009 banking crisis in Nigeria, the bank was deemed undercapitalized by the Central Bank of Nigeria (CBN). Despite a government bailout, it was unable to secure the necessary capital for independent operation and was subsequently acquired by Access Bank Plc in a deal finalized in 2011-2012. All of its assets, liabilities, and operations were then merged into Access Bank, and the Intercontinental Bank brand was retired.
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