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Tag: Access Bank

Access Bank nears final stages of National Bank of Kenya acquisition
Business

Access Bank acquires African Banking Corporation of Tanzania

Alex Omenye Access Bank has acquired African Banking Corporation of Tanzania Limited in a significant move to strengthen its footprint in East Africa. This acquisition marks a major step in the bank’s continent-wide expansion strategy. “This strategic move represents a notable step towards setting a railroad in Tanzania for intra-African trade within the East African […]

Access Holdco’s Hydrogen reports N161mn profit in 2023
featured News

Access Holdco’s Hydrogen reports N161mn profit in 2023

The fintech subsidiary of Access Corporation, the parent company of Nigeria’s largest bank by assets, Hydrogen, reported profits of ₦161 million at the close of 2023. This marks the first time Hydrogen has recorded profits since its establishment in 2022, as indicated by Access Corporation’s full-year financial report. The payments company, which has been operational […]

Banking

Access Corporation post N612.4bn profits for 2023

Access Corporation, Nigeria’s largest finance holding company has reported a profit of N612 billion after tax, with a 300% increase when compared with that of the preceding year. This is the highest profit ever posted by the company, presided over by the late Herbert Wigwe. In the financial statements, Access Corporation reported  Gross Earnings of  […]

Access Bank to acquire National Bank of Kenya
featured News

Access Bank to acquire National Bank of Kenya

Access Bank has moved to acquire the National Bank of Kenya from the KCB Group. This marks its second acquisition of a Kenyan bank in under five years after a move to acquire Sidian Bank fell through in 2023. Paul Russo, CEO of KCB Group, expressed optimism about the deal, stating that Access Bank will […]

Bolaji Agbede replaces Wigwe, becomes Access Holdings acting CEO
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Bolaji Agbede replaces Wigwe, becomes Access Holdings acting CEO

By Melvin Onwubuke Access Bank Holdings appoints Ms Bolaji Agbede as acting Group Managing Director. This follows the death of it’s former Group Managing Director, Dr Wigwe, who passed away in a tragic helicopter crash in California, United States. The access bank board on February 12, 2024 swiftly appoints Ms Agbede in acting capacity, subject […]

Ten things to know about Herbert Wigwe
Banking

Ten things to know about Herbert Wigwe

Herbert Wigwe was born in Rivers State and had his education at the University of Nigeria, Nuskka and across other institutions. In 2002, he started Access Bank with his friend, friend, Aigboje Aig-Imoukhuede, and rose to become the CEO in January 2014. Herbert Wigwe was also a philanthropist, who is committed to improving the lives […]

Obi, Okonjo-Iweala, Onanuga mourn Access Bank CEO Herbert Wigwe
News

Obi, Okonjo-Iweala, Onanuga mourn Access Bank CEO Herbert Wigwe

The presidential candidate of the Labour Party in the 2023 presidential election, Peter Obi, has mourned the Chief Executive Officer of Access Holdings, Herbert Wigwe, who reportedly died in a helicopter crash in the United States. AMBusiness reported that Wigwe, alongside five others, including his wife, and son, as well as the group chairman of […]

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  • 11th February 2024
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Access Bank, Qatar airways partner, offer discounted flight tickets
Banking

Access Bank gets Hong Kong license, to begin operations 2024

Access Bank Plc, via Access Bank UK, its UK subsidiary, has been granted permission to start official banking operations in Hong Kong. The Times reported that Mr. Herbert Wigwe, the chairman of Access Bank UK and chief executive of Access Holdings Plc, hailed the accomplishment as evidence of the business’s tenacity. Additionally, Mr Wigwe described […]

Access Bank to launch in Asia by 2024
Business News

Access Bank to launch in Asia by 2024

One of the largest banks in Africa, Access Bank, is almost done with the regulatory process so that it may start offering full banking services in Asia in the first quarter of 2024. This is a part of a larger global expansion target, the chief executive of its holding company told Semafor Africa. This includes […]

Obi, Okonjo-Iweala, Onanuga mourn Access Bank CEO Herbert Wigwe
News Tech

Access Bank CEO Wigwe to build $500m university in Rivers

Co-founder of Access Bank, Herbert Wigwe, is constructing a $500 million eponymous institution in his homeland of Rivers State, an oil-rich region of Nigeria. Wigwe told Bloomberg that undergraduate courses in management, information technology, science and engineering, and the creative arts will be available at Wigwe University. Wigwe is taking a cue from affluent Nigerians […]

Access Bank, Qatar airways partner, offer discounted flight tickets
Banking

Access Bank launches agric business desk

Access Bank has stated that with the opening of its Agric business desk, it hopes to ensure food security in Nigeria. The Punch reported that the bank made this statement on Tuesday during the launch of two new business desks: the development banking desk and the agribusiness desk. The Group Head of Commercial Banking, Nsisak Usoro, stated […]

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