Access Bank Plc has notified shareholders of moves by its Zambian subsidiary to acquire Cavmont Bank Limited, a subsidiary of Capmont Capital. In a notice published on the Nigeria Stock Exchange website, Access Bank said there is no certainty that a transaction would be agreed on yet. "There can be no certainty that a transaction will be agreed, nor as to the [...]
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Access Bank has offered to pay stamp duty charge for February to April on behalf of its customers. It also said deductions made between Saturday and Sunday would be reversed to customers. In a statement on Sunday, the bank said it recognised that it is a tough period for customers. The bank's customers had complained using various social media platforms on Saturday and [...]
Access Bank has announced the expansion of its Womenpreneur Pitch-A-Ton programme to six African countries. The programme, which was launched in 2019, is targeted at women above the age of 18 years who have been in business for at least one year. In its first year, it was only open to Nigerians and has now been extended to Ghana, Rwanda, Zambia, Sierra [...]
The bankers committee of the Central Bank of Nigeria has agreed that plans to lay off staff would be suspended. This was announced in a statement signed by Isaac Okorafor, CBN director of corporate communications, on Sunday. A meeting of the bankers committee was reported to have held on Saturday, May 2, to review the effect of the coronavirus on the banking [...]
Herbert Wigwe, chief executive officer of Access Bank, says he is willing to take a 40% pay cut as part of efforts to cut operating costs. In a video that has now gone viral on social media, Wigwe empathised with staff saying "everybody may have to make some adjustments of some sort". "We probably don’t need as many security men as required, [...]
Ecobank Plc says it temporarily closed its Wuse II branch in Abuja because Suleiman Achimugu, who died of coronavirus, visited the branch. Achimugu, a former managing director of the Petroleum Products Marketing Company (PPMC), died on Monday. He is the first case of death from COVID-19 recorded in Nigeria According to a statement by the bank, Achimugu visited the branch on March [...]
Access Bank says it will no longer accept cheque books with the logo of the defunct Diamond Bank. Access Bank said the decision to discontinue accepting cheque books bearing the logo of its merger partner is to increase efficiency in service delivery. It said customers who want to get new cheque books should visit any of its branches and apply for one. "In [...]
The Kaduna State Internal Revenue Service (KDIRS) has sealed three branches of Access bank in the state over alleged non-remittance of N175 million Pay-As-You-Earn (PAYE). In an interview with journalists, Francis Kozah, legal adviser to KDIRS, said the branches of the bank were sealed on Wednesday. He said the sealed branches located along Bida road, Ahmadu Bello way and Isa Kaita road [...]
Access Bank has been named the most healthcare SME-friendly bank at the Nigerian Healthcare Excellence Award (NHEA) 2019. The bank got the prize at the award ceremony, which held at Eko Hotel & Suites in Lagos. At the award ceremony held recently at Eko Hotels & Suites, Access Bank was recognized for the fourth time by the NHEA consecutively after winning the [...]
Access Bank and Diamond Bank saythe Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have given them the final approval to merger. The two financial institutions announced this in separate corporate disclosures issued on the Nigerian Stock Exchange (NSE) over the weekend. “Access Bank Plc is pleased to announce that the bank has received the final approval of [...]
Organisers of the Access bank marathon say they are expecting to have another great event on Saturday. Speaking at a press conference in the state on Friday, Bukola Olopade, project manager of the marathon, said the event which had a "humble beginning" was already becoming the toast of runners across the globe. He said the organisers would strive to make the race [...]
The year 2018 has been very challenging and equally eventful for the Nigerian banking sector. Skye Bank morphed into Polaris Bank, while Access Bank and Diamond Bank are fixing the bolts and nuts of the biggest banking deal of 2018. The banking sector, which controlled trillions of naira in market value and transactional strength in 2018, also had a bleeding year, [...]
The market has remained happy with the decision of Diamond Bank to merge or be acquired by Access Bank as share price continues to rise. Diamond Bank shares have gained over nine percent in value every day after TheCable broke the news of its acquisition by Access Bank on Sunday night. On Monday, the bank gained 9kobo per share to close at [...]
Herbert Wigwe, CEO of Access Bank, says the bank has a strong acquisition and integration track record. Speaking to the conclusive acquisition of Diamond Bank, Wigwe said the banks involved have complementary operations that will ensure benefits for customers of Access Bank and Diamond Bank. “Access Bank has a strong track record of acquisition and integration and has a clear growth strategy," [...]
Diamond Bank has announced its decision to merge with Access Bank Plc, as earlier reported by TheCable. In a statement on Monday, the bank said the strategic decision will help it become the biggest retail bank on the African continent. "The Board of Diamond Bank Plc (“Diamond Bank”) today announces that following a strategic review leading to a competitive process, the Board has [...]
Diamond Bank share price is on the rise, following the conclusive acquisition by Access Bank PLC. On Sunday, TheCable reported the acquisition by Access Bank, as midwifed by the Central Bank of Nigeria to consolidate the banking sector in the country. At the Nigeria Stock Exchange (NSE) on Monday, investors seem to be voting their monies into Diamond Bank, following the expectations [...]
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