News

Access Bank strengthens customer ties with new ‘B-‘ ratings, N365bn capital boost

DailyTimesNGR DailyTimesNGR 1 June 2024 0

By Temitope Adebayo Access Bank has promised to continue to strengthen customers’ relationships even as Fitch Ratings has affirmed the bank’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Positive Outlook with Fitch expecting the bank’s capitalisation to improve with

Business

Access Bank to empower 700,000 MSMEs wth N50bn

DailyTimesNGR DailyTimesNGR 4 March 2024 0

By Temitope Adebayo Access Bank has launched a ‘YouThrive’ initiative to empower 700,000 Micro, Small and Medium-sized Enterprises (MSMEs) in the country through a N50 billion loan. Deputy managing director, Access Bank, Victor Etuokwu stated this during a press briefing held recently in Lagos. Etuokwu revealed that the MSMEs that would benefit from the

Headlines

Nigeria, US to investigate death of Access Bank CEO

DailyTimesNGR DailyTimesNGR 13 February 2024 0

By Chukwuemeke Iwelunmo To unravel the immediate cause of the chopper crash which terminated the lives of the Access Bank CEO, Herbert Wigwe, his wife, son and others in the United States, the Nigerian Safety Investigation Bureau (NSIB) has offered its full cooperation to the American National Transportation Safety Board (NTSB). The tragic Airbus Helicopter […]

Business

Access Bank, Visa partner to facilitate B2B cross-border payments

DailyTimesNGR DailyTimesNGR 18 October 2023 0

By Temitope Adebayo The partnership will facilitate cross-border payments to 110 countries worldwide by adopting the Visa B2B Connect platform. Businesses will enjoy cost-effective, reliable, and secure cross-border payments. Account-to-account transactions from Access Bank in Nigeria to receiving banks in other countries will be facilitated with speed and efficiency.

Business

Access Bank disowns fake news on association with cryptocurrency platform

Ihesiulo Grace 3 December 2022 0

Contrary to an unsubstantiated report circulating on the internet, Access Bank Plc has not launched any Bitcoin bank or introduced a cryptocurrency product. A statement by the Bank’s management dissociated the financial institution from the information pushed out by a fictitious webpage. The article shows the photographs of the Managing Director, Mr Roosevelt Ogbonna,

Headlines News

EFCC arrests banker for alleged N34m fraud

Ihesiulo Grace 30 April 2021 0

ANDREW OROLUA, ABUJA. The Lagos Zonal Office of the Economic and Financial Crimes Commission (EFCC), has arrested one Elizabeth Modupe Osunjuyigbe, an employee of Access Bank Plc, for an alleged fraudulent diversion of funds to the tune of over N34m. Operatives of the agency arrested the suspect on Friday April 29, 2021, She was said […]

Business

Access Bank takeover fifth largest bank in Botswana

Ihesiulo Grace 20 April 2021 0

A month after acquiring a South African bank, Access Bank announced on Monday that it has agreed to buy a majority stake in the African Banking Corporation of Botswana for cash. To combat stagflation at home and dollar shortages that have frustrated companies, Access Bank is expanding across Africa. Atlas Mara said in a statement […]

News In Brief

Breaking: Fire guts Access Bank in Lagos

Ihesiulo Grace 26 August 2020 0

A wild inferno is currently blazing through a branch of Access Bank Nig Ltd located at Adetokunbo Ademola, Victoria Island, Lagos. Daily Times gathered, following a cacophony which developed just outside the bank premises where staff who had narrowly escaped being blazed were scuttling for safety. The cause of the fire is yet to be […]

Business

Access Bank subsidiary to buy 100% stake in Cavmont capital

Ihesiulo Grace 10 July 2020 0

Access Bank Plc has said its subsidiary in Zambia, Access Bank Zambia Limited has announced plans that it entered into exclusive discussion with Cavmont Capital Holdings Zambia Plc. The Company Secretary, Access Bank Plc, Mr Sunday Ekwochi in a statement said, “Access Bank Plc announces today that its wholly-owned subsidiary in Zambia, Access Bank Zambia […]

Business

Fitch maintains rating on Access Bank’s national long-term

Ihesiulo Grace 11 May 2020 0

Fitch Ratings has maintained Access Bank Plc’s ‘A+(nga)’ National Long-Term Rating and ‘F1(nga) National Short-Term Rating on Rating Watch Negative (RWN). The rating actions follow a review of Access bank’s creditworthiness relative to other Nigerian issuers. Fitch has recalibrated the Nigerian National rating scale following the sovereign

Featured Headlines

Long queues as bank customers groan in Awka

Ihesiulo Grace 5 May 2020 0

Bank customers in Awka, the Anambra state capital on Monday had a hectic time in their bid to get into the various banking halls to access bank services. The ease of four weeks total lockdown announced by Governor Willie Obiano of Anambra state took effect on May 4. Journalists who monitored the situation, report that […]

Covid-19 News

Access Bank restructures salaries, operations

Ihesiulo Grace 3 May 2020 0

Access Bank has informed employees that it will be implementing a reduced pay-structure, affecting all employees, including its Group Managing Director, Herbert Wigwe. This decision was reached as businesses worldwide take a hit as a result of the COVID-19 pandemic, The reduction is expected to significantly reduce the Bank’s operating expense as it navigates through […]

News

Pregnant Cashier’s Sacked -Acess Bank

Ihesiulo Grace 3 May 2020 0

A pregnant cashier at the Ketu/Ikorodu branch of Access Bank affected by the bank’s mass retrenchment of staff, collapsed on Saturday after hearing of her dismissal, SaharaReporters reports. The cashier simply identified as Taiwo, is about three months pregnant. Recall that the bank had announced plans to sack its workers as a result of the […]

News

Access bank: “After donating N1bn to FG, You now want to lay off staff” Nigerians react

Ihesiulo Grace 2 May 2020 0

Nigerians on Twitter have reacted over the statement of the Managing Director of Access Bank PLC, Herbert Wigwe, to lay off staff as a result of the Coronavirus pandemic. They lamented why the MD should donate 1billion naira to the federal government to combat the pandemic and now wants to lay off staff. Recall that […]

News

Access Bank to sack staff, cut pay, says MD Herbert Wigwe

Ihesiulo Grace 1 May 2020 0

The Group Managing Director of Access Bank, Herbert Wigwe has said that the bank may sack some of its staff due the COVID-19 pandemic that has ravage the world. The GMD, Wigwe, speaking during a video conference with some of the bank’s staff said :’We probably don’t need as many securitymen as required, even to […]

Business

Access Bank, GTBank, 2 others contribute N54.6bn to AGSMEIS

Ihesiulo Grace 27 April 2020 0

In supporting the federal government at promoting agricultural businesses as well as Small and Medium Enterprises, four banks in the country have contributed N54.6 billion to Central Bank of Nigeria (CBN)  Agri-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS) in 2019. Investigation by our correspondent revealed that Access Bank Plc, among three banks, had

Business

Access Bank completes milestone N15bn Green Bond cross-listing

Ihesiulo Grace 17 March 2020 0

Access Bank has completed the listing of its N15 billion green bond on the Luxembourg Stock Exchange (LuxSE). The 15.50% fixed rate, the unsecured climate-credential green bond is the first of its kind to be issued by a Nigerian corporate and represents a major milestone in the development of the local green finance market. The […]

Business

Access Bank posts above N7trn in total assets

Ihesiulo Grace 9 March 2020 0

…proposes N0.40 final dividend Access Bank Plc in its audited financial for the year ended December 31, 2019, has crossed N7trillon threshold in total assets following an increased performance in loan to customers and deposits from customers. The financial institution last year merged with Diamond bank Plc to become one of the leading Domestic- Systematic

Business

Price appreciation in Access, 8 others boost equities market by 0.02%

Ihesiulo Grace 13 February 2020 0

Due to price appreciation in nine shares, the equities market segment of The Nigerian Stock Exchange (NSE) closed on positive note, as the NSE All-Share Index (NSE ASI) on Wednesday gained 0.02 per cent, sustaining previous day uptrend. Specifically, the NSE ASI rose by 6.53 basis points or 0.02 per cent to 27,878.43 basis points […]

News

Valentine: Access Bank to celebrate customers

Ihesiulo Grace 12 February 2020 0

Lagos – Access Bank Plc has unveiled series of deals and exciting offers to celebrate its customers in the Valentine season in a  campaign tagged “It’s a Love Thing”. Mr Victor Etuokwu, the bank’s Executive Director, Retail Banking, said in Lagos on Wednesday that the campaign, the fourth in the series, had kicked-off on Feb.11 […]