Nigeria’s Bank PHB said on Friday it was in talks with a consortium of potential suitors led by a bank which could lead to its recapitalisation.

“The board of directors … is pleased to announce that the bank has entered into exclusive negotiations with a consortium of international financial institutions, led by a bank,” the lender said in a statement.

Banking sources familiar with the negotiations told Reuters this month that Habib Bank Ltd (HBL.KA) — one of Pakistan’s biggest lenders, which is majority owned by the Aga Khan

Bank PHB was created in 2005 out of a merger between Habib’s local subsidiary and Nigeria’s then Platinum Bank, and Habib still has an interest in the lender.

Bank PHB is the third of nine Nigerian lenders rescued in a $4 billion bailout last year to issue a statement confirming it is in recapitalisation talks.

Union Bank (UBN.LG) and Finbank (FIRSTIN.LG) last month also said they were in talks with core investors. “The transaction is subject to shareholders’ and regulatory approvals,” Bank PHB said

Meanwhile some companies news from the Nigerian Stock Exchange released last week show that Evans Medical Pl’s Annual General Meeting (AGM)  has been scheduled to take place on Thursday, February 24, 2011 at 12.00 noon at the Company’s Factory, at Km 32, Lagos-Badagry Expressway, Ogun State.

SCOA Nigeria Plc’s AGM has been scheduled to hold on Thursday, December 9, 2010 at Nicon Luxury Hotel, Plot 903, Tafawa Balewa Way, Area 11 Garki, Abuja at 11.00 am. 19-Nov-10 4 Strategy & Business Development Directorate

For Nestle Nigeria Plc, the company notified the Exchange that further to its letter dated October 25, 2010 on its Board Meeting to discuss interim dividend vide our Market Bulletin-ISD/10/26/018; the Board had met as scheduled and agreed to take a decision on the issue on or before December 30, 2010.