Access Bank News

First Bank of Nigeria ATMs

How Nigeria's banks are innovating

Nigeria’s relatively significant exposure to the oil and gas sector increased pressures on balance sheets and operations.

Iyinoluwa Aboyeji, Co-Founder, Andela. Credit: thescoopng.com

Andela Co-Founder Iyinoluwa Aboyeji is leaving to start payments company Flutterwave

Just eight weeks after raising $24 million in a funding round led by Mark Zuckerberg’s foundation, Andela, one of Nigeria’s best-known startups, is saying goodbye to its co-founder Iyinoluwa ‘E’ Aboyeji.

Michelle Kathryn Essomé, CEO, AVCA

Africa had record levels of private equity exits in 2015: AVCA & EY

African private equity firms cashed in on investments last year at the highest rate in almost a decade, with South Africa, Egypt, Nigeria and Kenya accounting for two-thirds of these exits.

Herbert Wigwe, CEO, Access Bank

Mobile telephony enables Nigerian banks to fine tune services

Uzoma Dozie can remember when really effective marketing by banks took a different form.

Jamie Simmonds (L), CEO, The Access Bank UK, and Essa Kazim, Governor of the DIFC

UK subsidiary of Nigeria's Access Bank opens office in Dubai International Financial Centre (DIFC)

Nigeria’s Access Bank opens representative office in Dubai International Financial Centre (DIFC). This is Access Bank’s first office in the Middle East.

Eko Atlantic, Lagos, Nigeria

Eko Atlantic: Why Nigeria's plans for a dream Eldorado city in Lagos are not radical enough (Video)

The government of the state of Lagos–Nigeria’s commercial capital–has proudly proclaimed it is building a new city that will become the new financial centre of Nigeria, and perhaps West Africa.

Albert Essien, CEO, Ecobank Group

Ecobank's comeback on course

Ecobank Transnational (ETI) had a strong first quarter, despite last year’s corporate governance issues that gained much media attention and culminated in the dismissal of key board members.

Bond Market

Low debt, light payments add luster to Nigeria's dollar bonds

Nigeria’s dollar bonds have been battered by tumbling oil prices and domestic politics, but thanks to low debt ratios, a light repayment schedule and demand from local banks they should weather the storm.

JPMorgan

Kenya sovereign debut opens path for Kenyan corporate Eurobonds: JPMorgan

Companies in Kenya, whose government raised $2.75 billion in debut Eurobond sales this year, may follow peers in South Africa and Nigeria with bond offerings in 2015, according to JPMorgan Chase & Co.

Cadbury

The 20 most valuable companies in Nigeria

Discover the 20 most valuable companies in Nigeria.

Stanbic IBTC

Is there hidden value in Nigeria's Stanbic IBTC?

Stanbic IBTC is Nigeria’s best-performing bank stock. Its share price has climbed 40.5% this year and 55.4% over the past twelve months. Is it nearing the end of its run? Or is the market offering investors a discount to the bank’s real worth?

China still trumps the competition in Africa Inc

China still trumps the competition in Africa Inc.

US President Barack Obama earlier this year hosted the first ever US-Africa summit.

Aigboje Aig-Imoukhuede,Nigeria, President of the Nigerian Stock Exchange (NSE) Council

Aigboje Aig-Imoukhuede takes over from Aliko Dangote as the President of the Nigerian Stock Exchange Council (Video)

The Nigerian Stock Exchange (NSE) held its annual general meeting on September 25th, 2014, reporting a 183% jump in operating surplus to N3.26B.

Central Bank of Nigeria (CBN), Abuja

Nigeria's Too Big to Fail Bank Rules Spur Bond Sale Rush

Nigerian lenders are gearing up to sell the most debt in four years to bolster cash reserves, taking advantage of a drop in borrowing costs before the central bank increases how much capital they need to hold.

Citibank, Nigeria

Foreign investors shrug off Nigeria risks: Omar Hafeez, Head, Citigroup Nigeria

Worsening security in Nigeria has not deterred foreign investors from buying its assets, Citigroup’s country head said on Wednesday, citing $1.1 billion worth of Eurobonds it had traded for three local lenders so far this year.