Headlines News

How 13 banks rake N96.7bn from accounts maintenance in 2017

Ihesiulo Grace 31 May 2018 0

No fewer than 13 commercial banks operating in the country have realised a whopping N96.7 billion from maintaining customers’ accounts in 2017, against N84 billion raked in the previous year from charges on customers with, current and term deposit. This translates into a 14.8 per cent increase

Business Headlines

Access Bank projects further slow in April inflation to 12.56%

Ihesiulo Grace 12 May 2018 0

The Economic Intelligence Group of Access Bank says it sees inflation rate (year-on-year) in April to sustain the downward trend started last year, easing to 12.56 per cent compared to 13.34 per cent in March. The lender said though the National Bureau of Statistics (NBS) is scheduled to release the inflation figure for April 2018 […]

Business

Access Bank posts impressive earnings in Q1 2018

Ihesiulo Grace 26 April 2018 0

Access Bank Plc has released its unaudited financial results for the first quarter (Q1) ended March 31, 2018 showing an increase of 19% in gross earnings to N137.5 billion from N116 billion in the corresponding period of March 2017, with interest income and non-interest income contributing 70% and 30% respectively. The Bank recorded a Profit […]

Business Headlines

15% profit drop looms in Nigerian banks -Report

Ihesiulo Grace 23 April 2018 0

As Treasury-bill rates continue to fall, while asset yields are trending south, making it almost impossible to re-price liabilities to match, banks operating in Nigeria have been warned to either find other sources of income or face an average of 15 per cent drop in their Profits Before Tax (PAT) expectation for 2018. It is […]

Health News

MALARIA: GBC Health, John Hopkins University Awards Access Bank Innovation Award

Ihesiulo Grace 6 April 2018 0

The GBCHealth’s Corporate Alliance on Malaria in Africa (CAMA) alongside the Private Sector Malaria Prevention Project (PSMP) at John Hopkins Center for Communication, UK Aid and the National Malaria Control Programme of the Ghana Health Services, have conferred the ‘Innovation Award’ on Access bank and other significant awards to four other organisations for their roles

Business Headlines

Access, GTB, Zenith, others boost agric, SMEs with N16.8bn

Ihesiulo Grace 6 April 2018 0

*As CBN directs banks to set aside 5% PAT for scheme * ‘Scheme designed to support FG’s efforts at promoting agro business, SMEs’ Five commercial banks, Access Bank Plc, Guaranty Trust Bank Plc (GTBank), First City Monument Bank Holdings Plc, Stanbic IBTC and Zenith Bank Plc, have supported the Central Bank of Nigeria (CBN)’s Agri-Business/Small […]

Business Headlines

Revealed: How 6 banks boosted lending by N10.4trn in 2017

Ihesiulo Grace 26 March 2018 0

No fewer than six commercial banks accounted for total lending of N10.4 trillion to their customers as at December 31, 2017, representing growth of 0.6 per cent from N10.37 trillion loans granted to customers in 2016. The Deposit Money Banks (DMBs) include Access Bank, Guaranty Trust Bank Plc (GTBank), Ecobank Transnational International (ETI) and Zenith […]

Business

Access disclose Stanbic IBTC nominees control 18.395% shares

Ihesiulo Grace 6 February 2018 0

Access Bank Nigeria Plc has disclosed that Stanbic IBTC Nominees Limited hold substantial interest in the company standing over 15 per cent. According to the bank , in a statement released by the NSE, Stanbic IBTC Nominees Limited has a unit holdings of 5,316,785,890, accounting for 18.39 e cent holdings in the bank. The statement […]

Business News

Access Bank: Male employees now to go on paternity leave

Ihesiulo Grace 17 January 2018 0

…becomes first Nigerian bank to introduce policy Starting January 2018, male employees of Access Bank Plc can take advantage of an enhanced parental leave policy that extends paid benefits to all mothers and fathers. Fostering an inclusive workplace, the policy offers paid leave to all new parents at the Bank including mothers and fathers, as […]

Business

Access Bank upgrades Ombudsman to boost dispute resolution

Ihesiulo Grace 16 January 2018 0

Consistent with its reputation for adopting best practices in all facets of its operations, Access Bank Plc has upgraded its customer service function, Ombudsman, for the purpose of resolving service issues between the Bank and its customers. The Ombudsman is an Alternate Dispute Resolution (ADR) platform wherein an aggrieved customer of the Bank may lodge […]

Money

Access Bank deepens depositors’ dispute resolution

Ihesiulo Grace 16 January 2018 0

…enhances customer service upgrades Consistent with its reputation for adopting best practices in all facets of its operations, Access Bank Plc has upgraded its customer service function, Ombudsman, for the purpose of resolving service issues between the Bank and its customers. The Ombudsman is an Alternate Dispute Resolution (ADR) platform wherein an aggrieved

Business

Access Bank: Ade Bajomo becomes ED

Ihesiulo Grace 8 January 2018 0

Access Bank Plc has announced the appointment of Mr. Adeolu Bajomo as Executive Director, Information Technology and Operations. His appointment, which has received regulatory approval, follows the resignation of Mrs. Ojinika Olaghere. According to a statement by the bank and made available to The Daily Times, Bajomo is a globally focused financial services industry

Money

Why Access upgrades mobile, Internet banking platforms

Ihesiulo Grace 11 December 2017 0

Access Bank Plc has upgraded its Mobile and Internet banking platforms to provide an Omnichannel experience alongside a range of new and exciting features. The Omnichannel experience simply means customers of the 2017 Karlsruhe Outstanding Business Sustainability Award winner would enjoy a seamless and consistent interaction with the Bank across multiple channels. With

Africa

Bank accounts of Mugabe’s allies frozen

Ihesiulo Grace 8 December 2017 0

Zimbabwe’s central bank has ordered that the bank accounts of two top allies of ousted President Robert Mugabe be frozen, the state-owned Herald newspaper reports. In a directive sent to the country’s financial institutions, it ordered them to “identify and freeze” all accounts run by former government ministers Jonathan Moyo and Saviour Kasukuwere. The two […]

Tech

Access Bank partners GAC motors for affordable cars

Ihesiulo Grace 31 October 2017 0

Access Bank has entered into a partnership with Guangzhou Automobile Group (GAC Motors) to enable more Nigerians to have access to finance for affordable vehicles. The partnership allows customers of the bank access finance to purchase the latest brands of GAC at discounted price with a reduced interest rate. Speaking at the signing of Memorandum […]

Business

FirstBank supports down syndrome’s awareness week

Ihesiulo Grace 24 October 2017 0

FirstBank has pledged its support for the 2017 Annual Awareness Week of the Down Syndrome Foundation, which began on Monday, October 23; and ends on October 27, 2017. The 2017 edition is not the first time the bank is supporting this initiative, as the bank has over the last 8 years partnered and participated in […]

News

MTN Nigeria, Access Bank laud partnership with hoteliers to enhance tourism

Ihesiulo Grace 16 October 2017 0

Ebere Chibuzor Telecom company, MTN Nigeria and Access Bank have partnered South-West Hoteliers’ Association Of Nigeria with the aim of inspiring growth and encouraging the nation’s tourism sector. Regional and SME sales Manger Enterprise Solutions Division,Musibau Olanrewaju, disclosed this in an interview with The Daily Times at the just concluded 2017

Business

Why directors’ investments are low in banks

Ihesiulo Grace 11 September 2017 0

Investigations into how well some of Nigerian Bank directors believe in their organization has revealed that quite a number of them have surprisingly low stakes in the banks they head, leaving investors to wonder how ready, they truly are in improving the fortunes of these organizations. In analyzing the financial positions of six of Nigeria’s […]

Banking Business

Access Bank takes 30% haircut on its 9Mobile loan, insists Etisalat UAE still has obligation

Ihesiulo Grace 30 August 2017 0

Nigeria’s Access Bank said Wednesday it had booked a 4 billion naira ($13 million) impairment on its loan to troubled telecoms firm 9mobile, formerly known as Etisalat Nigeria. Herbert Wigwe, Access Chief Executive said the bank had a direct exposure of 11 billion naira to 9mobile, as well as an exposure of 35-39 billion naira […]

News

Access Bank redeems $350 million Eurobond

Ihesiulo Grace 30 August 2017 0

Access Bank Plc has announced the final redemption of the $350million Eurobond Notes due July 25, 2017. The Securities were issued in 2012 by Access Finance B.V. a direct, wholly owned subsidiary of the Bank on the back of an unconditional and irrevocable guarantee of the Bank. In October 2016, holders of $113 Million of […]