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Tag Archives: Access Bank

How banks’ removal of $1.2Bn 9Mobile debt from books’ll shape future

9Mobile shop

Since the revelation that the 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year, financial pundits have started weighing the development. However, many of the experts who spoke to Business Hilights traced the new posture of banks to ...

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Liquidity gap tears Tier-one banks, others on profit rebounds

Banks logos

One of the major negative facts emerging from the sustained impacts of recession and the attendant economic downturn cannot be far from the widening gas of liquidity and market dominance by tier-one banks over mid-sized lenders, Business Hilights can authoritatively report. The development stemmed from the rising large cap bank shares rallies in profits because Tier one banks; lead by ...

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How Zenith Bank, Dangote Cement, Access Bank may continue to lead trading at NSE

Zenith bank HQ

Investment capacity, rising trust and sustained strong performance have been seen by experts as leading factors that will continue to propel consolidated trading companies at the Nigerian Stock Exchange to remain unbeaten for a long time at the floor of the exchange. Leadership of the trio did not just begin from last week, but has been in the pipeline for ...

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Why CBN approved Roosevelt Ogbonna as Access Bank Deputy Managing Director

Access Bank

Following the resignation of former Deputy Managing Director of Access Bank Plc, Mr. Obinna Nwosu who left to pursue his personal endevours and the approval of Mr. Roosevelt Ogbonna as the new Group Deputy Managing Director by the board of the bank, the Central Bank of Nigeria (CBN) has given nod for the appointment. A statement by the bank revealed ...

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Access Bank crosses risky limit as Capital Adequacy Ratio hits 21 per cent

access-wigwe

With liquidity ratio at 43 per cent after the implementation of risk management framework, Access Bank Capital Adequacy Ratio (CAR) currently stands at 21 per cent. The CAR for banks in Nigeria stands at 10 percent and 15 percent for national or regional banks with international banking licence respectively. According to the stress test conducted by the Central Bank of ...

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