Access Bank’s parent group, Access Holdings Plc, has acquired CBN approval in principle to establish its consumer lending subsidiary, Oxygen X Finance Company Limited.

The Times reported that this is according to a business statement on the NGX website.

The statement claimed that the company would begin operations once final approval is secured from the CBN.

Oxygen X will “make a positive impact on the financial landscape by providing innovative and seamless digital lending solutions to address distinct challenges faced by individuals and businesses,” according to a the declaration signed by Access Holdings’ Company Secretary, Sunday Ekwochi.

More details later…