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Access Bank

Access Holdings Plc Reports 71.39% Profit Surge In H1 2023

Access Bank Seeks Court Order to Freeze Accounts Over Alleged ₦1.34bn Fraud

August 18, 2026

Access Bank Plc has approached the Federal High Court in Lagos seeking orders to restrict accounts allegedly linked to the transfer of ₦1.34 billion from four of its customers’ accounts without authorisation,

Business News·Top Stories

GTCO, Stanbic IBTC Make List Of Nigerian Banks With Highest Market Valuation

December 12, 2025

The banks with the highest market valuation on the Nigerian Exchange (NGX) Limited in the third quarter (Q3) of 2025 are Guaranty Trust Holding Company (GTCO), Zenith Bank, United Bank for Africa

Business News

Profit-takers Cost Access Bank N16bn As Investment In E-Tranzact Declines

November 19, 2025

Access Bank’s investment value in E-Tranzact International Plc has declined by 26.18 percent since the share price of the electronic payment solutions company reached an all-time high (ATH) for 2025 on September

Business News·Diaspora·News·Top Stories

Access Bank Dithers As Analyst Flags Enforcement Hurdles in $220 Million BVI Court’s Debt Judgement

October 31, 2025

In jurisdictions without reciprocal agreements, judgement execution could be even more difficult or impossible “like getting a judgment in the BVI and seeking to execute it in a Caribbean island that lacks

Business News

Access Bank Acquires Standard Chartered Tanzania Operations

June 24, 2025

Access Bank has acquired Standard Chartered Tanzania’s Consumer, Private, and Business Banking division. The company made this known announcement via social media on Monday, stressing that the move is part of

Business News·Top Stories

Access Holdings’ Net Interest Income Drops As Expense Skyrockets By 71.32%

June 11, 2025

Access Holdings grew its interest income by 36.28 percent to N980.67 billion in the first quarter (Q1) of 2025, compared to N719.59 billion reported in the corresponding period in 2024. The company

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business News·Top Stories

Nigerian Stock Market Cap Gains N1.08trn In Five Hours

May 27, 2025

On Tuesday, May 27, the market capitalisation of the Nigerian stock market increased by N1.08 trillion from N69.29 trillion on Monday, May 26, to N70.37 trillion. This followed the 1,721.3 basis points

Business News·Top Stories

Access Holdings, Sterling Among Five Worst-Performing Bank Stocks

April 28, 2025

Out of 13 banks listed on the Nigerian stock market, three recorded a decline in their shareholders’ investment value, while 10 recorded growth in the first quarter (Q1) of 2025. During the

Business News·News

Top 10 Best-performing Banks In Nigeria

December 29, 2024

Heartbreak hurts, but then have you experienced trying to withdraw the last money in your account and you get debited without the receiver getting anything? To make it all worse, you visit

Business News

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

December 26, 2024

Access Holdings Plc has announced that it has raised a target of N351 billion through its rights issue of 17,772,612,811 Ordinary Shares of 50 Kobo each at N19.75 Kobo per share. The

News

Herbert Wigwe, Wife, Son’s Funeral To Hold March 4 – 10, 2024

February 24, 2024

Funeral rites for the late Group Chief Executive Officer of Access Holdings Plc, Dr Herbert Wigwe, his wife, and son, who died in a helicopter crash near the California-Nevada border in the

Opinion

So Many Deaths Around Us

December 19, 2023

The tragic and sudden death of Abdul Imoyo, the media relations manager of Access Corporation, the holding company of Access Bank, last week was yet again a painful addition

Access Bank Obtains Central Bank of Angola’s Approval To Acquire 80% of Finibanco

Agro-Economy·Business News·News

Access Bank Invests Over N200 Billion In Agribusiness, Benefitting 10,000+ Ventures

September 28, 2023

Access Bank Plc’s Executive Director of Commercial Banking, Hadiza Ambursa, has announced that the bank’s investment in agribusiness has surpassed a staggering N200 billion, leading to significant benefits for over 10,000 agribusinesses

Business News·Oil & Gas

Access Bank Serves Seplat Energy With Bankruptcy Court Order Against Orjiako

August 11, 2023

Seplat Energy has been served with a bankruptcy ex parte interim court order from Access Bank, as the financial institution moves to recover the debt A.B.C Orjiako owes the lender. Orjiako, who

Business News

Standard Chartered Sells Subsidiaries In Four African Countries To Access Bank

July 14, 2023

Access Holdings’ banking division, Access Bank, has agreed to acquire the subsidiaries of Standard Chartered in four African countries, amid its expansion drive. Access Bank offered to purchase Standard Chartered’s subsidiaries in Angola,

Shareholders Remember Wigwe, Others At Access Holdings Annual General Meeting

Business News

Montepio Holding Finally Sells Majority Stake In Finibanco To Access Bank

July 14, 2023

Montepio Holding SGPS S.A has completed the sale of its stake in Finibanco Angola S.A to Access Bank, the subsidiary of Access Holdings. Access Bank acquired 51 per cent, which is a

Business News·Insights

GTBank, UBA, Access Bank Compete For Nollywood’s $85.43bn Financial Opportunity

June 16, 2023

Nigerian Deposit Money Banks (DMBs) have taken their rivalry beyond the financial sector, extending their fight for dominance and relevance to the movie industry in Nigeria. It’s no news that banks are

Business News

Access Bank Obtains Central Bank of Angola’s Approval To Acquire 80% of Finibanco

May 4, 2023

Access Holdings has disclosed that its subsidiary, Access Bank, has been given the approval to go ahead with the acquisition of Finibanco Angola S.A. in Angola. The Central Bank of Angola, Banco

Business News

CBN Fines Access Bank N604 million For Breaching 3 Regulatory Orders

April 24, 2023

The Central Bank of Nigeria (CBN) fined Access Bank N604 million for wrong account opening with mismatched details, breaching foreign exchange (forex) guidelines and one other contravention. Prime Business Africa learnt CBN

Business News

Access Holdings’ Net Profit Drops N7.19bn, Shareholders Share N46.20bn Dividends

April 20, 2023

Access Holdings has revealed that its profit after tax plummeted in 2022, as the financial institution closed last year with N152.90 billion. The net profit dropped by N7.19 billion between January to

Business News

Access Bank Joins FCMB To Raise Funds In Face Of Insolvency Fears In Global Banking

April 4, 2023

Access Holdings Plc has invested $300 million in Access Bank in the face of insolvency fear in the global banking industry. In the circular released to investors and shareholders on Tuesday, via

Business News

Access Bank Receives Approval To Acquire African Banking Corporation In Zambia

March 24, 2023

The Central Bank of Zambia has given approval to the acquisition of African Banking Corporation Zambia Limited by Access Bank. In a statement released on Friday, 24 March 2023, by Access Holdings Plc,

Business News·Currency

Access Bank Reduces Forex Payout For International Students, Traders

March 15, 2023

Access Bank has reviewed its foreign exchange (FX) application for international school fees, a move that indicates other banks might follow suit. Account holders of Access Bank received a message titled; “important information

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

Business News·Insights

Top 5 Revenue-generating Nigerian Banks – Access, Zenith, UBA, FBN’s Market Share

February 27, 2023

The top five revenue-generating banks in the financial industry reported a combined N2.23 trillion turnover within the first nine months of 2022. According to the 2022 Nine-Month period financial statements of the

Business News

VIDEO: Female Student Suffers Panic Attack In Access Bank, Security Snubs Her

February 8, 2023

A female student allegedly suffered a panic attack at the Access Bank branch in Rivers State University, Port Harcourt, as Nigerians struggle to access their money from banks across the country. In

Business News·Insights

Access Bank GMD, Herbert Wigwe, Suffers Investment Loss, Tightens Control Over Firm

November 8, 2022

The value of investment owned in Access Bank by the Group Managing Director/Chief Executive Officer, Herbert Wigwe, has fallen despite increasing his stake. As of December 31, 2021, Wigwe owned 1.51 billion

Naira Scarcity: Zenith Bank's Profit Drops To N223.91bn, Faces N967bn Lawsuits

Business News

Zenith Bank, GTBank, Seven Others Risk Credit Downgrade Over Struggle With Forex

October 17, 2022

Zenith Bank Plc, Guaranty Trust Bank Limited (GTBank), First Bank of Nigeria (FBN) Limited and six other Nigerian banks have been listed for a possible downgrade in their credit ratings by Moody’s,

Business News·Insights

Best Performing Bank Stocks H1: Investors Sell Off GTCO, Zenith Bank Shares To Buy Wema, Others

October 9, 2022

Shareholders of United Bank for Africa (UBA), Guaranty Trust Holding Company (GTCO), Access Corporation and Zenith Bank suffered heavy losses in the Nigerian Stock Exchange during the First Half (H1) of 2022.

Business News

Access Bank To Acquire Shares Of Portuguese Investor In Angolan Bank, Finibanco

October 5, 2022

Access Bank and Montepio Holding SGPS S.A have entered into an agreement for the acquisition of Finibanco Angola S.A, as the Nigerian bank expands its operation in the African market. In a

Business News·FEATURES·Insights

Best Performing Tier-1 Nigerian Banks: Zenith Bank Underperforms, UBA Tops List

September 26, 2022

At the end of the second quarter of 2022, United Bank for Africa (UBA) was the best performing financial institution amongst the tier-1 banks in Nigeria, with Zenith Bank ranking bottom of

Business News

First Bank Completes Acquisition Of Access Bank‘s Pension Business

First Pension Custodian Nigeria Limited, the subsidiary of First Bank of Nigeria, has fully taken over possession of Access Pension Fund Custodian Limited, the pension subsidiary of Access Bank. In a statement released by Access Holdings, the company disclosed that the entire

September 1, 2022

Business News·Markets

Nigerian Stock Market Capitalisation Falls To N26.61 trillion

Nigerian market capitalisation closed at N26.61 trillion, after the bourse depreciated by -0.05 percent on Monday, losing N13.99 billion from the previous day’s N26.62 trillion. The crash was on the back of the All-Share Index losing 25.95 basis points from Friday’s 49,370.62

August 22, 2022

Business News

Access Bank To Deny Non-account Holders Access To Dollar, Others In Five Months, Set FX Allocation Limit

Access Bank has reviewed its foreign currency allocation for Maintenance/Upkeep of Nigerian students in foreign tertiary institutions, as dollar scarcity extends into the second half of the year. The bank said abroad students limited maximum allocation to $1,500 per year, stating that

July 17, 2022

Business News·Finance & Economy·Insights

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

Customers’ deposits in the vault of Nigerian tier-1 financial institutions, First Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTBank), Access Bank and Zenith Bank rose to N31.58 trillion as at the end of March 2022. The five banks, known as

June 20, 2022

Business News·Finance & Economy·Insights

GTBank, Access Bank Record 32,992 Fraud Cases In One Year, As Fraudsters Target Customers’ Accounts

A total of 32,992 fraud cases were perpetrated through the financial system of tier-1 Nigerian lenders, Guaranty Trust (GT) Bank and Access Bank in 2021, more than both firms recorded the previous year. This number is 90.5% higher than the fraudulent activities

June 17, 2022

Business News·Finance & Economy

Nigerian Billionaire, Herbert Wigwe Splash N15 billion On Kenyan bank, As Access Bank Acquires Fifth Firm

Access Bank, the subsidiary of Access Holdings, owned by Nigerian billionaire, Herbert Wigwe, has acquired Sidian Bank, based in Kenya, almost a year after the Nigerian lender tookover Transnational Bank, another firm in the East African country. In a statement released to

June 8, 2022

News·Business News·Top Stories

EXCLUSIVE: Litigation Greets Access Holdings’ ‘Illegal’ Takeover Bid For First Guarantee Pensions

Lagos-based Business lawyer, Chuks Nwachuku, has insisted that moves by Access Holdings Ltd to acquire controlling shares of First Guarantee Pensions Limited remain illegal despite media announcement of a successfully completed deal. Prime Business Africa (PBA) also reports authoritatively that the matter

May 23, 2022

Business News·News·Top Stories

PenCom Reacts To Access Bank’s Takeover Bid For First Guarantee Pensions

The National Pension Commission (PenCom) on Thursday reacted to Prime Business Africa’s report on Access Bank’s move to acquire controlling shares in First Guarantee Pensions Limited (FGPL), a pension fund administrator (PFA), saying ‘‘any investor interested in a PFA or any PFA

April 22, 2022

Business News·Finance & Economy·News

How Access Bank, Stakeholders Can Resolve First Guarantee Acquisition Crisis – Lagos Lawyer

Prime Business Africa 72 hours ago brought you the report of the moves made by Access Bank Plc to acquire First Guarantee Pensions Limited (FGPL) which was vehemently resisted by shareholders who believe that the process contravenes the law as regards the

April 9, 2022

Business News·News·Top Stories

Why Access Bank’s Takeover Bid For First Guarantee Pensions Fails On CAMA – Lawyer

‘‘By section 22(2)(b) of the Company and Allied Matters Act (CAMA), no member of a private limited liability company may sell his shares to a non-member without first offering the shares to existing members. This is what is called right of pre-emption

April 7, 2022

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