Business

Access Bank supporting marathon to boost FG’s tourism, foreign earnings

Ihesiulo Grace 28 January 2020 0

With the 2020 Access Bank Lagos City Marathon fast approaching, the headline sponsor and Africa’s largest bank in terms of retail size, Access Bank Plc has reiterated that its sponsorship of the race is geared towards improving the economic and social outlook of the state. While speaking about

Featured

Access Bank denies arrest of its GMD

Ihesiulo Grace 11 January 2020 0

Access Bank Plc has vehemently denied reports that its group managing director, Mr. Herbert Wigwe has been arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of fraud. Some online news sites had reported that the Access Bank boss was arrested for his connection with the assets of former Abia State governor, Orji […]

Business

Access Bank hits N1bn in digital lending daily

Ihesiulo Grace 15 October 2019 0

Access Bank Plc. has hit one billion naira daily in loan value through its expanded digital lending portfolio. Mr Victor Etuokwu, the bank’s Executive Director, Retail Banking, stated this in Lagos on Tuesday. Etuokwu said its expanded digital lending portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, had […]

News

Nigerians tackle Access bank on Twitter

Ihesiulo Grace 10 October 2019 0

Mnay customers of one of Nigeria’s bank Access Bank have taken to Twitter on Thursday to decry what some describe as bad service. Below are some of the tweets from Access Bank’s customers Access Bank that has been playing with my brain since, sometimes I got debit alert twice of my PiggyVest. Mobile app is […]

Banking Business Economy Money Money

60% LDR: How stock price of sanctioned banks depreciate on NSE

Ihesiulo Grace 4 October 2019 0

The stock price of five banks out of 12 sanctioned by the Central Bank of Nigeria (CBN) on Thursday depreciated on The Nigerian Stock Exchange (NSE). The apex bank on Wednesday debited 12 banks who failed to meet the initial deadline of 60 per cent Loan to Deposit Ratio (LDR) by September 30, 2019, in […]

Banking Business Economy Money Money

Equities market declines by N112bn over investors sustained profit-taking

Ihesiulo Grace 4 October 2019 0

The equities market segment of the Nigerian Stock Exchange (NSE) on Thursday continued on a downward trend as investors’ investment declined by N112 billion on the back of sell-offs in high capitalised stocks. The All Share Index (ASI) decreased by 229.18 absolute points, representing a dip of 0.84 per cent to close at 27,085.69 points. […]

Business Economy

Equities market begins trading low as indices down 0.74%

Ihesiulo Grace 17 September 2019 0

Temitope Adebayo The Nigerian equities market of the Nigerian Stock Exchange (NSE) resumed trading week on Monday with a loss of 0.74 per cent, following losses achieved by medium and large equities. Specifically, the All Share Index (ASI) shed 204.68 points or 0.74 per cent to close at 27,574.32 against 27,779.000 achieved on Friday. Similarly, […]

Business Capital Market Capital Market News

Equities market continues bearish trend, dips N28bn

Ihesiulo Grace 10 September 2019 0

Motolani Oseni Due to persistent sell pressure, equities market of the Nigerian Stock Exchange (NSE) continued its bearish movement to lose N28billion at the close of Monday trading activities. The stock market benchmark index, NSE All Share Index (ASI) dropped by 56.73 basis points or 1.25 per cent close the week at 28,847.81 basis points […]

Business Capital Market Capital Market News

Equities market lose N89bn over profit-taking

Ihesiulo Grace 30 August 2019 0

Temitope Adebayo The Nigerian Stock Exchange equities market segment on Thursday reverted the gains in the previous trading session, following the All-Share Index (ASI) declined by 0.66 per cent on losses in Dangote Cement, MTN Nigeria, 12 other stocks. The All Share Index fell by 181.45 basis points or 0.66 per cent to 27,425.57 basis […]

News Politics

Court unfreezes Nwaoboshi’s 11 houses, 22 bank accounts

Ihesiulo Grace 27 August 2019 0

Andrew Orolua – Abuja The Federal High Court in Abuja on Monday set aside its earlier order of forfeiture of 11 houses and 22 bank accounts linked to Senator Peter Nwaoboshi. Justice Taiwo Taiwo vacated the interim forfeiture order made on July 2 while delivering judgment on the application filed by Sen. Nwaoboshi challenging the […]

Business

NSE: Market capitalisation sheds N6bn on first trading day

Ihesiulo Grace 7 May 2019

Temitope Adebayo Trading on the Nigerian bourse opened for the week on Monday on a negative trend with the market capitalisation dropping by N6 billion or 0.05 per cent to close at N10.973 trillion against N10.979 trillion on Friday. Also, the All-Share Index which opened at 29,212.00 lost 15.13 points or 0.05 per cent to […]

Business

NSE: Bearish trend persists as ASI down by 0.74%

Ihesiulo Grace 30 April 2019

Motolani Oseni At the close of yesterday trading activities on Nigerian equities market of the Nigerian Stocks Exchange (NSE), trading remains on a bearish trend with the All-Share Index (ASI) shed 219.35 points or 0.74 per cent to close at 29,521.06 compared to 29,740.41 recorded on Friday. Also, the market capitalisation lost N82 billion to […]

Business

IT experts fault banks on usage of Foreign Solutions

Ihesiulo Grace 26 March 2019

Ladesope Ladelokun Information Communication experts have faulted Nigerian banks on the usage of Foreign Solutions. This call was made in Lagos at a Stakeholders Round table on the Use of Nigerian Software in the Financial Sector themed, Adoption and Development of Local Content Technology as Growth Drivers for the Nigerian Economy. The round table was […]

Business

Access Bank clarifies sale of N2.5bn customer’s goods

Ihesiulo Grace 13 March 2019

Temitope Adebayo Access Bank Plc has vehemently denied any wrongdoing in the alleged sale of a customer’s goods worth N2.5 billion. The Police Special Fraud Unit in Lagos had charged Access Bank Plc, its Managing Director and Chief Executive Officer, Herbert Wigwe, and others with 21 counts of conspiracy, fraudulent disposal of trust property, fraudulent […]

Business

Access Bank signs $162.5m syndicated loan agreement

Ihesiulo Grace 12 March 2019

Temitope Adebayo Access Bank Plc said that it has signed a Subordinated Syndicated Loan Agreement totalling $162.5 million. The facility, was said to been arranged by FMO, the Dutch development bank, and was provided together with BIO (Belgian Investment Company for Developing Countries SA/NV), Blue Orchard Microfinance Fund, CDC Group plc, DEG (Deutsche Investitions- und

Business

Access Bank, Diamond Bank shareholders endorse merger

Ihesiulo Grace 6 March 2019 0

Shareholders of Access Bank Plc and Diamond Bank Plc on Tuesday unanimously gave the nod to a merger between the two commercial lenders. The merger, which will make Access Bank the biggest bank in Africa, received a boost when investors of both banks at a Court Ordered Meeting (COM) held yesterday in Lagos gave their […]

Business

Merger: Diamond Bank introduces PayDay Loan

Ihesiulo Grace 5 March 2019 0

As part of its merger benefits to customers, Diamond Bank, Nigeria’s leading retail Bank has introduced PayDay Loan to ease the financial burden of customers. PayDay Loan is an instant salary advance service available to all customers who have their salary accounts in Diamond Bank. This service is quick, convenient and does not require any […]

Business News

Access Bank wins big at 2018 SERAS CSR awards

Ihesiulo Grace 4 December 2018 0

In recognition of its exploits and outstanding success in Corporate Social Responsibility and Business Sustainability, Access Bank Plc. emerged the biggest winner with four awards, including the most responsible business in Africa at the annual SERAS CSR Awards. Access Bank also won other categories such as the Best Partnership for Development, Best Corporate

Columnist

Aig-Imoukhuede and the Initiative for Public Governance

Ihesiulo Grace 13 November 2018 0

A week ago, I stumbled on an article titled “Africa and the burden of Leadership” (The Guardian, Nov. 7), written by Aigboje Aig-Imoukhuede, banker, investor and entrepreneur, former Managing Director of Access Bank Nigeria, our compatriot. The piece was actually excerpted from a speech he delivered at the graduation ceremony of government and public policy […]

Business

Access Bank declares N39.63bn profit in H1

Ihesiulo Grace 4 September 2018 0

Access Bank Plc has announced N39.63 billion profit in audited half year (H1) result and accounts for the period ended June 30, 2018. The financial institution had reported N39.46 billion half year result and accounts for the period ended June 30, 2017. Amid steady performance in profit, the management of Access Bank proposed N0.25 interim […]