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 Times had earlier reported the outbreak which is said […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 Access’ franchise and […]
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) […]
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 of the telecommunication operators […]
…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 […]
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 […]
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 […]
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 […]
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 prestigious […]
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 […]
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 […]
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. […]