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Tag: Access Holdings Plc

Equity investors lose N1.5tn as bond yield rises
News

Equity investors lose N1.5tn as bond yield rises

Due to the strong rates in the fixed-income market, investors in the equities market lost around N1.55 trillion in February. The PUNCH recorded that, In the short- to medium-term, it is anticipated that investors would become less interested in the capital market as they pursue higher returns due to the increase in the monetary policy […]

Access Holdings stocks recover after leadership transition
Business

Access Corp stock falls after CEO’s death

By Christian George The shares price of the holding company for Nigeria’s largest bank, Access Corporation, dwindled on Monday, the first working day of the week after the demise of co-founder and chief executive officer, Herbert Wigwe. On Monday, Access Bank’s shares fell 6.26 percent to N23.20 as of 2:30 pm Lagos time, the biggest […]

Access Holdings CEO Herbert Wigwe dies in US
featured News

UPDATED: Access Bank CEO Herbert Wigwe dies in helicopter crash

The Chief Executive Officer of Access Holdings, Herbert Wigwe, has died in a helicopter crash on Friday in the United States of America. Reports revealed that Wigwe was with his wife and son when the chopper crashed near Nevada, US. Amongst the six passengers on board was also the group chairman of Nigerian Exchange Group […]

  • enitan
  • February 10, 2024
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Access Bank, Qatar airways partner, offer discounted flight tickets
Business

Access Holdings subsidiary purchases ARM Pensions

Access Pensions Limited, an Access Holdings affiliate, has purchased a majority share in ARM Pensions Managers Ltd. The PUNCH reported that a majority shareholder in Access Pension, Access Golf, got the National Pension Commission’s ‘no-objection’ and the Federal Competition and Consumer Protection Commission’s permission, according to a statement issued by Access Holdings. It stated that, subject […]

Access Holdings stocks recover after leadership transition
Business

CBN permits Access Holdings to create consumer lending subsidiary

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. […]

Access Holdings names Abubakar Jimoh chairman
Appointments

Access Holdings names Abubakar Jimoh chairman

Access Holdings Plc’s Board of Directors has announced the appointment of Mr. Abubakar Aribidesi Jimoh as Chairman of the Board of Directors. The appointment follows the death of Mr. Bababode Osunkoya, the former chairman of Access Holdings Plc’s Board of Directors. This was revealed in the Group’s notice to the Nigerian Exchange Limited. According to […]

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

Access Holdings declares 71.39% half-year profit

Access Holdings Plc has announced its 2023 Half-Year Results, revealing that pre-tax profits increased by 71.39% year on year to N167.601 billion. The Times reported that the substantial gains in net fair value and foreign exchange, primarily attributable to significant fair value gains on equity investments and gains from foreign exchange and fixed-income securities trading during the […]

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

Access Holdings postpones HY results over subsidiary audit

Access Holdings Plc’s board of directors has indicated that the publishing of its Half-Year financial results would be delayed due to an ongoing audit of its subsidiaries. According to a mid-July report after gaining the required regulatory clearances from CBN and Angola’s central bank, Access Holdings completed its acquisition of a majority share in Finibanco Angola. The […]

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

Access Holdings acquires majority shares of Angolan bank Finibanco

Access Holdings has announced that it has successfully acquired the majority of Finibanco Angola. The group stated that the transaction was made through its flagship subsidiary, Access Bank Plc, in a press release notice that was sent to the Nigeria Exchange Limited. Group CEO of Access Holdings, Dr. Herbert Wigwe, commented on the transaction’s conclusion. “To […]

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

Access Bank GMD becomes bank’s largest shareholder

The group managing director of Access Holdings, Hebert Wigwe, has strengthened his control over the Bank by purchasing 50 million shares, thereby becoming the bank’s largest shareholder. The purchase was disclosed in a notice of share trading submitted to the Nigerian Exchange Limited by an insider and signed by the business’s secretary, Sunday Ekwochi. At a […]

Tengen Holdings Limited acquires 220m more units of Access Holdings shares
Business

Tengen Holdings Limited acquires 220m more units of Access Holdings shares

Tengen Holdings (Mauritius) Limited, a business connected to Access Holdings Plc’s Group Chief Executive, Dr. Herbert Wigwe, has purchased 220 million more shares in the company for N2.4 billion. Nairametrics reported that this notice was found in an insider’s notification of share dealing to the Nigerian Exchange Limited. A total of 220 million shares, or 0.62% […]