News

Access Bank extends appreciation to Union bank, UBA following fire outbreak

Ihesiulo Grace 27 August 2020 0

Access Bank PLC has extended warm appreciation to counterparts Union Bank and the United Bank for Africa (UBA) for their assistance in expelling the fire which gutted one of its branches on Wednesday morning located at Adetokunbo Ademola Street, Victoria Island, Lagos state. Recall that Daily

Business

Access Bank Plc appoints Ajoritsedere Awosika Board Chairman

Ihesiulo Grace 20 November 2019 0

Lagos – The Board of Directors of Access Bank Plc have announced Dr Ajoritsedere Awosika as its new Chairman. The bank’s Company Secretary, Mr Sunday Ekwochi, said in a statement on Tuesday in Lagos that Awosika would assume the position of the company’s Board Chairman on Jan. 8, 2020. Ekwochi said that Awosika’s appointment was […]

Banking Business Politics

Equities market indices increase by N142bn in one day

Ihesiulo Grace 13 September 2019 0

Motolani Oseni Again, the equities market of the Nigerian Stock Exchange (NSE) on Thursday reacted positively to the outcome of the election tribunal ruling for the second consecutive day, as market capitalisation rose by N142 billion to close at N13.351 trillion against N13.209 trillion closed the previous day. Similarly, the All Share Index rose by […]

Business Capital Market Capital Market

NSE –ASI drops by 0.11% over investors sustained sell-offs

Ihesiulo Grace 16 August 2019 0

Motolani Oseni The equities market closed on Thursday trading session on a negative note, as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) slumped by 0.11 per cent on persistent sell-offs. The NSE-ASI fell by 30.18 basis points or 0.11 per cent to 27,052.93 basis points from 27,083.11basis points Accordingly, investors lost N15 billion in value […]

Banking Business

Exception of Access Bank, largest banks have LDRs below 60% – Fitch Rating

Ihesiulo Grace 10 July 2019 0

Motolani Oseni Fitch Rating has disclosed that, exception of Access Bank Plc, other large banks in Nigeria have Loan-to-Deposit Ratio (LDR) below or close to 60per cent and will be among the most affected by the new requirement. This is coming on the heels of Central Bank of Nigeria (CBN) directive that required banks to […]

Business

Equities market ends losing streak with 0.47% gain

Ihesiulo Grace 28 June 2019 0

Motolani Oseni The equities market of the Nigerian Stock Exchange (NSE) on Thursday ended three consecutive trading days loss with 0.47 per cent gains. In summary, the All Share Index (ASI) gained 140.35 absolute points, representing a gain of 0.47 per cent to close at 29,749.35 points. Similarly, the market capitalisation gained N62 billion, to […]

Banking Business

S&P Global rating affirms Access Bank stable outlook of ‘B/B’

Ihesiulo Grace 28 June 2019 0

Motolani Oseni The S&P Global rating agency on Thursday affirmed Access Bank Plc ‘B/B’ issuer credit ratings. The global rating agency in its test report stated, “We affirmed our ‘ngA/ngA-1’ Nigeria national scale ratings on the bank.” The report further stated that the affirmation balances the benefits of the Diamond acquisition for

Banking Business

Access Bank launches Womenpreneur Pitch-A-Ton 2019

Ihesiulo Grace 21 June 2019

Motolani Oseni As part of efforts to provide financial and business skills to female entrepreneurs, Access Bank Plc has announced the launch of its Womenpreneur Pitch-A-Ton 2019, a capacity building initiative which will provide financial grants as well as mini-MBA in conjunction with the International Finance Corporation (IFC, a member of the World Bank Group) […]

Business

AHC: Telco, Banks to be affected as NCAA begin masts demolition

Ihesiulo Grace 21 June 2019

Due to failure to obtain statutory Aviation Height Clearance (AHC), the Nigerian Civil Aviation Authority (NCAA) has said it would immediately commence the demolition of one of Africa’s fastest growing telecommunications companies, Globacom Nigeria Limited, and some financial institutions in different locations across the country. The regulatory authority listed the names

Business

Investors in equities market lose N26.4bn in one day

Ihesiulo Grace 10 May 2019

…As ASI declines by 0.24% Temitope Adebayo Investors in the equities market of the Nigeria Stock Exchange (NSE) continued its bearish run for the fourth consecutive trading session to lose N26.4 billion which was impacted by price depreciation recorded in medium and large capitalized stocks. The All Share Index (ASI) dropped 70.16 basis points, representing […]

Business

Access Bank increases profit 86% to N41bn in Q1 2019

Ihesiulo Grace 17 April 2019

Temitope Adebayo Access Bank Plc has released its unaudited financial results for the first quarter (Q1) ended March 31, 2019 showing an increase of 86 per cent in Profit after Tax which stood at N41.1 billion from N22.1 billion in Q1 2018. Profit before tax also grew by 64 per cent to N45.1 billion from […]

Business

Access, Diamond jointly commemorate International Women’s Day

Ihesiulo Grace 5 March 2019 0

Access Bank Plc, continues to demonstrate an unwavering commitment to women as it is set to mark the International Women’s Day, 2019 with Diamond Bank Plc, as both banks look forward to the completion of the merger process which will make the new entity the largest retail bank in Africa. The event will be celebrated […]

Business

Four listed companies to join NSE Premium Board

Ihesiulo Grace 13 April 2018 0

Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc will on Monday, April 16, 2018 be migrated to the Nigerian Stock Exchange Premium Board. The migration which is sequel to these companies  applications and meeting the Exchange’s listing requirements for the board. This will bring the companies listed on the […]

Money Money

Access Bank wins Euromoney’s best commercial banking capabilities award

Ihesiulo Grace 23 February 2018 0

Access Bank Plc has emerged winner of the best ‘Commercial Banking Capabilities’ award by Euromoney, a leading global financial publication.The prestigious award was presented to Herbert Wigwe, the Bank’s Group Managing Director/CEO at the Euromoney Private Banking Awards 2018, which held at the Landmark in Marylebone, London on Thursday. The Awards are the most

Business News

Herbert Wigwe named 2017 West African Business Leader –AABLA

Ihesiulo Grace 5 November 2017 0

Group Managing Director/ Chief Executive Officer of Access Bank Plc, one of Nigeria’s largest financial services institutions, has been recognised as ‘West African Business Leader of the Year 2017’ by the All Africa Business Leader Awards (AABLA), in partnership with CNBC Africa. The announcement was made at the annualAABLA regional dinner, held weekend at the […]

Headlines News

EFCC v Govs Forum: Court forfeits N1.4bn Paris Club refund in 2 banks

Ihesiulo Grace 14 October 2017 0

Peter Fowoyo A Federal High Court, Ikoyi, Lagos on Friday, ordered that the total sum of N1.442,384,857.84 billion, which formed part of unrefunded Paris and London Club Loans, domiciled at Access Bank Plc and Guaranty Trust Bank (GTBank), be temporary forfeited to the Federal Government. Joined as respondents in the suit are: Melrose General Services […]

Business Headlines

9Mobile: Banks team up for early sale, says Fidelity Bank MD

Ihesiulo Grace 26 September 2017 0

The trouble with the embattled 9Mobile, formerly Etisalat Nigeria, one of the players in the competitive Nigerian telecommunications’ sector, may not yet be over, as the 13 consortium of banks, led by Access Bank Plc, which gave a loan amounting to $1.2 billion to the firm are re-strategising to recoup their investments in the company. […]