Tag: Access Bank
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Access Bank gets commendation for saving Etisalat
Shareholders of Access Bank Plc have commended the bank and other members of the consortium of banks that provided the $1.2bn loan that saved Etisalat (now 9mobile) from collapsing. The shareholders stated this at the bank’s 29th Annual General Meeting (AGM) in Lagos on Wednesday. Mr Bayo Adeleke, immediate past Secretary, the Independent Shareholders Association…
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NSE to migrate Access Bank, UBA, Lafarge Africa, Seplat to Premium Board
The Nigerian Stock Exchange (NSE) on Thursday announced plans to migrate Access Bank, Lafarge Africa, Seplat and United Bank for Africa (UBA) Plc to its Premium Board. The NSE said in Lagos the four companies would be migrated to its Premium Board on April 16, sequel to their applications and meeting of its listing requirements…
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Access Bank customers set for ‘Omnichannel experience’
Nigeria’s foremost bank, Access Bank Plc has said it is set to provide an Omnichannel experience for its teeming customers. Access Bank made this known in a press release made available to TheNewsGuru in which the bank stated it has upgraded its mobile and Internet banking platforms, and introduced alongside, a range of new and…
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Access Bank launches new five-year strategy – to become Africa’s Gateway to the World
Access Bank, the full-service commercial bank with headquarters in Nigeria and operations across Sub-Saharan Africa, the UK, Asia and the Middle East, today announces its new five-year strategy with an ambitious plan to become Africa’s Gateway to the World. Download 2018 – 2022 Access Bank Strategy Presentation Here This is the latest in a series…
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Access Bank redeems $350 million Eurobond
Access Bank Plc has announced the final redemption of the $350,000,000.00 Eurobond Notes due July 25, 2017. The Securities were issued in 2012 by Access Finance B.V. – a direct, wholly owned subsidiary of the Bank – on the back of an unconditional and irrevocable guarantee of the Bank. In October 2016, holders of $113…
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Access Bank wins Karlsruhe Sustainability Award for 2nd consecutive year
Access Bank Plc has just scored a rare repeat performance at the 2017 Karlsruhe Sustainable Finance Awards in Germany by receiving the “Outstanding Business Sustainability Achievement Award 2017”. The award was presented to Access Bank CEO, Herbert Wigwe in Karlsruhe, Germany’s most sustainable city a year after Access Bank made history as the first African…
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Etisalat debt predicament: 13 Banks’ shareholders mount huge pressure
…ask telecoms firm to clear debt Shareholders of the 13 banks involved in the N1.2 billion loan for Etisalat Nigeria have asked the telecoms company to pay up its debt in order to guarantee the payment of annual dividends. The shareholder group told the News Agency of Nigeria in Lagos on Tuesday that the company…
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Etisalat saga: NCC reveals legal implication, assures of network integrity
The Nigerian Communications Commission (NCC) has revealed the legal implications of the takeover of Etisalat Nigeria by a consortium of banks while assuring subscribers of telecoms service provider of continuous quality service. This is coming on the heels of the change in the ownership structure of Etisalat Nigeria. The company had on Tuesday announced the…
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Consortium of banks takes over Etisalat Nigeria
After talks of Etisalat Nigeria debt restructuring plan reached stalemate, a consortium of banks will effective June 23 take over the business of Etisalat Nigeria. The parent company of Etisalat Nigeria, Etisalat Group, announced the takeover on Tuesday in a filing to the Abu Dhabi Securities Exchange in Abu Dhabi, United Arab Emirate. The filing,…