Wigwe acquires more Access Bank shares, expands control

November 11, 2022 Segun Odunewu Lagos 0

Group Managing Director/CEO of Access Bank Herbert Wigwe has acquired new shares in the financial institution to expand his control over the company. In the first and second weeks of November, the investment banker paid a visit to the stock market, spending N975.52 million to acquire 122 million shares of the Bank. According to a document filed with the Nigerian Read More

Investors of First Bank, Access, 3 other banks gain N5.9bn

November 6, 2022 Segun Odunewu Lagos 0

The market capitalisation of Nigeria’s tier-1 banks, FBNH PLC, Access Bank, UBA, GTbank and Zenith appreciated by 0.29 per cent to close at N2.02 trillion on Friday, November 4 2022, as investors gained a total of N5.89 million. At the end of last week’s five trading days, two of the five tier-1 Nigerian banks enjoyed positive market sentiments, with FBNH Read More

Access Bank to reward customers for savings

October 25, 2022 Amaka Ifeakandu, Lagos 0

Access Bank is set to reward its loyal customers with cash and other items amounting to N1 billion for funding, transacting, maintaining, and increasing their deposits. Customers expected to increase their deposit from October 2022 to November 2023 through the Access Winfest campaign. The bank said that the essence of this campaign is to promote a savings culture and efficient Read More

FBN Holdings gets regulator’s final approval to acquire Access Pension

September 23, 2022 Segun Odunewu, Lagos 0

The Central Bank of Nigeria (CBN) has granted to FBN Holdings’ subsidiary, First Pension Custodian Nigeria Limited (First Pension) the approval to acquire Access Pension Fund Custodian Limited. First Pension Custodian Nigeria Limited, a wholly-owned subsidiary of First Bank of Nigeria Holdings (FBN Holdings) acquired 100 per cent stake of First Pension from Access Bank, owned by Access Holdings. Recall Read More

Access Bank embarks on business conversation with SMEs in North

August 4, 2022 Segun Odunewu, Lagos 0

Access Bank Plc’s management announced that the bank has started a business dialogue with its clients, particularly Small and Medium-Sized Enterprises (SMEs), in an effort to support and promote their business engagement through the sharing of various business promotions and protection bundles the bank offers. The bank’s Deputy Managing Director, North, Mr. Victor Etuokwu, who disclosed this during the Access Read More

Access, Zenith, GTB, 7other banks get Fitchs’ ‘B’, stable outlook

July 26, 2022 Blessing Anaro, Lagos 0

Fitch, the global rating agency, has affirmed Long-Term Issuer Default Ratings (IDR) of 10 Nigerian banks at ‘B’ with a stable outlook. In a fresh report obtained from its website, the global rating agency listed the 10 lenders to include: Zenith Bank Plc, Access Bank Plc, Guaranty Trust Holding Company Plc (GTCO), Ecobank Transnational Incorporated, Stanbic IBTC, United Bank for Read More

Access Bank, UBA lead with highest e-business income

July 25, 2022 segun Odunewu, Lagos 0

Access Bank, UBA and Zenith bank led the list of 13 banks quoted on the Nigerian Stock Exchange with the highest income from electronic business in the first quarter of 2022. The revenue is generated through transactions like mobile applications, USSD channels, Automated Teller Machines (ATM), agency banking, internet banking and Point of Sales (PoS) payments. According to the financial Read More

Access Bank extends tentacles, eyes another acquisition in Kenya

June 8, 2022 Segun Odunewu, Lagos 0

Access Bank Holdings Plc has announced that its wholly-owned subsidiary, Access Bank Plc has entered into a binding agreement with Centum Investment Company Plc (‘Centum’) for the acquisition of the entire 83.4 per cent equity stake held by Centum in Sidian Bank Limited. The transaction, which is subject to regulatory approvals in Kenya and Nigeria, will be the second acquisition Read More

Access Bank’ll support customers’ lifestyles with digital tools – Wigwe

May 16, 2022 Segun Odunewu, Lagos 0

Group Managing Director of Access Holdings Plc, Herbert Wigwe, has assured customers that the Corporation will continue to use digital tools and its partnership with Fintechs to support their lifestyles outside of the banking system. Wigwe gave the assurance following the evolution of Access Bank Plc to Access Holdings Plc with initial portfolio companies and its future strategy. The Corporation, Read More

Access Bank raises $50m from London stock market

May 6, 2022 Segun Odunewu, Lagos 0

Access Holdings Plc has announced that its banking subsidiary, Access Bank, secured $50 million from the international capital market via a private placement on the London Stock Exchange (LSE). In a statement released on Wednesday to the investing public and the capital market authority, Nigerian Exchange Limited (NGX), Access Holdings said the fund was raised under Access Bank’s $1.5 billion Read More

Access Bank promotes 800 employees as it transits to Holdco structure

May 4, 2022 Blessing Anaro, Lagos 0

Access Bank Plc has announced the promotion of 800 employees, following a transparent performance management review, in line with global best practices. The announcement comes as the bank shores up its transition to a Holding Company (Holdco) which started May 1, 2022. The bank said in a statement that the beneficiaries of the wholescale performance review exercise spanned its senior, Read More

Access Bank excites businesses with online account opening platform

April 20, 2022 Amaka Ifeakandu, Lagos 0

Nigeria’s largest bank in the SME space, Access Bank plc has unveiled an online account opening platform for unregistered businesses. The online account opening platform is a paperless and seamless digital process which allows customers to register their business account within five minutes without visiting a branch. And it is available for anyone above 18 years across Nigeria and the Read More

Access Bank leads as 9 banks rake N554bn from commission, fees

April 14, 2022 Segun Odunewu 0

Access Bank Plc led other nine banks in the country in the amount realized from commissions and fees in 2021, netting a whopping N118.56bn as against N93.57bn generated during the same period in 2020. Net fee and commission income is the actual revenue generated from these charges after expenses incurred from providing the services have been deducted. Access bank’s financial Read More

Access Bank, GTCO, Fidelity Bank, others make LinkedIn’s top 25 best workplace

April 14, 2022 Blessing Anaro, Lagos 0

Access Bank, GTCO, Stanbic IBTC, Zenith Bank, Anheuser-Bush Inbev and 20 others have made LinkedIn’s Top 25 best places to work in Nigeria in 2022. This was disclosed by LinkedIn, a global professional network company, in a statement issued and seen by Nairametrics on Tuesday. According to LinkedIn, the companies offer stability in the ever-changing world of work, as they Read More

Access Bank to improve children’s welfare with S/ Africa Charity Polo Tournament

March 17, 2022 Amaka Ifeakandu Lagos 0

Access Bank Plc has further demonstrated its commitment to making a difference through charity as the Bank successfully hosted its maiden Polo tournament. The programme held at the prestigious Val de Vie Polo Club in Cape Town, South Africa. The event held to further create awareness and raise funds to support the education of underprivileged children in Africa. In partnership Read More

Access Bank deepens financial inclusion as Closa agents hit 100,000

March 15, 2022 Segun Odunewu Lagos 0

Leading retail financial institution, Access Bank Plc, has successfully commissioned and empowered 100,000 Access Closa agents to provide more than banking services to both existing and new customers across the nation. With the current number of Access Closa Agents spread across the 774 Local Government Areas in the country, the bank has significantly grown access to finance and banking services Read More

Access Bank partners AAWEF to organise ZORA Festival 2022

February 8, 2022 Benjamin Umuteme 0

Access Bank says it will be collaborating with the Africa-America Women Economic Forum (AAWEF) to ensure a full representation of African culture at the 33rd annual ZORA! Festival of Arts and Humanities. The Bank is engaging in the partnership through its W Initiative; that is committed to encouraging and supporting women as well as female entrepreneurs. AAWEF is positioned to Read More

Access overtakes Zenith Bank as Nigeria’s most valuable Bank brand

February 3, 2022 Segun Odunewu 0

Access Bank Plc has overtaken Zenith Bank as the most valuable banking brand in Nigeria, the latest 2022 top 500 global valuable banking brands index has shown. The ranking compiled by Brand Finance, a London-based business valuation and strategy consultancy, states that Zenith, which recorded $335 million in 2021, had been ranked as the country’s most valuable banking brand until Read More

What to expect as youth ministry powered National Youth Conference gets underway

October 30, 2021 Editor 0

It is two days to the much anticipated National Youth Conference (NYC) organised by the Federal Ministry of Youth and Sports Development (FMYSD), billed to commence on 1st November and end on Wednesday, 3rd November, 2021. Unlike other conferences of its ilk, what sets this apart from is that it is largely private sector driven, with Nigeria’s development partners playing Read More

Unpleasant report of bank robberies in Osun state

October 27, 2021 Blueprint 0

Banks in Osun state have come under attacks lately because armed robbers have been having their ways both day and night. LATEEF IBRAHIM reports that many banks have closed shop as a result of this. The security situation in Osun state, particularly the havoc caused by bank robberies, has paralyzed business activities in some local governments as many banks have Read More

Access Bank acquires 78% stake in Botswana bank

October 13, 2021 Segun Odunewu 0

With the completion of its acquisition of a majority stake of about 78.15 per cent in African Banking Corporation of Botswana Limited, Access Bank Plc now has countries, after similar acquisitions in financial institutions domiciled in Zambia, South Africa, Mozambique, among others. The recent move which is in line with the Bank’s commitment to expanding its presence in the African Read More

Access Bank issues $500m Eurobond at 9.125%

October 4, 2021 Blessing Anaro 0

Nigeria’s biggest lender, Access Bank has issued a $500 million Eurobond, priced at 9.125 per cent, one of the book runners said Monday. The latest issue — a Basel-III compliant perpetual bond –the first of its kind for a Nigerian bank, is the second dollar-denominated bond for Access Bank in less than a month. Commenting on the transaction, the Group Read More