Twenty-one Nigerian banks have now met the fresh capital requirements introduced by the Central Bank of Nigeria (CBN), as lenders move swiftly to comply before the March 31, 2026 deadline. The recapitalisation programme, announced in 2024, raised minimum capital to N500 billion for international banks, N200 billion for national banks, and N50 billion for regional […]
Access Bank has failed in its attempt to acquire Bidvest Bank, after the transaction collapsed due to unmet conditions by the agreed deadline, stalling the Nigerian lender’s expansion plans in South Africa. Access Bank ambitious attempt to scale its footprint in South Africa has suffered a major setback following the collapse of its R2.8 billion […]
A Senior Advocate of Nigeria, SAN, Joseph Daudu and Counsel to the immediate past Governor of Kogi State, Yahaya Bello, on Wednesday told the Federal High Court in Abuja that Bello’s trial in the alleged N80.2bn alleged criminal fraud suit was political and not a money laundering charge. The lawyer stated this at the ongoing […]
Green Africa has acquired its second owned aircraft, an ATR 72-600 with manufacturer’s serial number 1064 and registration mark 5N-GAC, to increase capacity on its existing routes across the country. Access Bank will provide the naira debt facility to partly fund the aircraft, which is expected to enter into service shortly after customary regulatory approvals. […]
Access Bank Plc has announced plans to launch “DettyFusion,” a new digital platform designed to help Nigerians discover and enjoy December entertainment with fewer hassles. The platform will serve as a one-stop hub for events, ticketing, payments, and curated festive experiences during the Christmas and New Year season. According to Access Bank’s Head of Mobility, […]
BY TEMITOPEW ADEBAYO Access Bank, the International Finance Corporation (IFC), and Zambia’s vice president, Mutale Nalumango, among other stakeholders, have reiterated the need for women to take ownership of their economic power and drive financial inclusion for sustainable prosperity. Speaking at the Access Bank International Women’s Day Conference held in Lagos, the stakeholders emphasised that […]
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 its planned N365 billion rights issue. The bank had earlier held interaction sessions with […]
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 programme […]
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 […]
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. Access Bank has partnered with Visa, […]
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, illicitly […]
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 […]
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 […]
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 […]
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 […]
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 downgrade on 6 April. READ ALSO: Sterling Bank […]
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 […]
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 […]
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 […]
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 […]