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Showing posts with label Access Bank. Show all posts
Showing posts with label Access Bank. Show all posts

Tuesday, January 09, 2024

10:17

Nigerian Banks Suspend New Applications for CBN Anchor Borrowers and Other Funds

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Nigerian deposit money banks have temporarily halted the acceptance of new loan applications for the Central Bank of Nigeria’s (CBN) development finance intervention funds. Access Bank conveyed this information to customers through a notification on Monday.

This decision follows the CBN's official announcement in December 2023 to discontinue the processing of new loan applications under its existing development finance intervention funds.

These programs, which include the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Accelerated Agricultural Development Scheme (AADS), Anchor Borrowers Program (ABP), Agri-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS), and the Real Sector Support Fund (RSSF), are affected by this suspension.

Access Bank's communication stressed that existing CBN development finance intervention funds with approved interest rates will remain unchanged. Customers are expected to fully repay these existing loans following the agreed terms and conditions.

The unexpected suspension of new applications for CBN funds raises concerns about the potential impact on businesses and individuals seeking financial support amid economic challenges. Stakeholders are closely monitoring the situation for further developments.
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Tuesday, September 28, 2021

10:43

Access Bank to reward 14 customers with N1million each to celebrate Nigeria at 61




In commemoration of Nigeria’s 61 years independence anniversary, Nigeria’s leading bank, Access Bank Plc is set to reward 14 customers with N1million each in the DiamondXtra independence splash.

Speaking to pressmen at the bank’s head office in Lagos recently, Victor Etuokwu, Executive Director, Retail Banking, Access Bank Plc, said that “The DiamondXtra Independence Splash draw which is going to take place on October 1st  is a testimony to our commitment to empower Nigerians financially; irrespective of their educational, religious, and social status. We will be rewarding 14 customers, 2 from each geographical zone in Nigeria with N1million each. This is our own little way of giving back and empowering our loyal customers.

We will also be giving out N5million monthly to customers who participate in our daily cluster draws across he nation through their associations, societies, Market, clubs etc. Customers in any of these clusters stand a chance to win cash prizes ranging from ₦10,000 to ₦50,000

The DiamondXtra independence splash draw is open to new and existing customers of Access Bank. To be part of the winning train, simply fund your DiamondXtra account with a minimum of N5,000 or more and stand a chance to become a winner in the Independence Splash and Quarterly draws. New customers can dial *901*5# from their mobile phone or walk into any Access Bank branch close to them to open a DiamondXtra account’’.

Commenting further, Adaeze Umeh, Group Head, Consumer Banking, Access Bank Plc. said, “The DiamondXtra reward scheme is one of the many ways the bank creates value and meets the needs of his loyal customers. The Bank has kept its promise of keeping the initiative alive for more than a decade and changed the lives of over 22,000 customers with cash prizes of over N5billion.

Apart from the Diamondxtra Independence Splash draw to reward lucky customers with N1million in all geographical zones, we are also going to reward more winners in the Diamondxtra Quarterly draw which will take place mid-October. We will be rewarding customers with cash prizes of N1million, N500,000, Business grants worth N1million for 5 winners, Rent for a year for 14 families, Family health coverage for 7 families and Salary for life (N100,000 every month for 20 years) for one special winner.

Diamondxtra Cluster draws will be held daily for customers in various associations, Clubs, Groups, Societies…, and they stand a chance to win from N10,000 – N50,000. We are also using this opportunity to call on our customers and potential customers who are in different Societies, Groups, Associations, Clubs etc. to urge their members to open a Diamondxtra account to join the cluster winning train.

To qualify for a cluster draw, a minimum of 80 -100 members of the association or club will have to open and fund their account with a minimum of N5,000 or more to stand a chance to win,” Adaeze concluded.

DiamondXtra is an interest yielding hybrid account which allows deposit of both cash and third-party cheques. Hybrid means a combination of both savings and current account features. The DiamondXtra reward scheme was launched in 2008 and has been running till date. Nairametrics
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Thursday, September 16, 2021

10:22

Access Bank Pls successfully launches $500 million Senior Unsecured Eurobond






Access Bank Plc has announced the successful launching of a $500 million 144A/RegS Senior Unsecured Eurobond, as part of its Global Medium-Term Note Programme.


According to a notice signed by the company’s secretary, Sunday Ekwochi, and made available on the website of the Nigerian Exchange Limited (NGX), the transaction recorded a massive interest from top quality investors globally, including the United States, Europe, Middle East, Asia and Africa, anchored by a number of large tickets.


The offering achieved the lowest (outstanding) Nigerian bank Eurobond coupon, supported by an over 3x oversubscribed orderbook of over $1.6 billion, which represents the largest orderbook ever for a Nigerian bank Eurobond transaction. The bond which will mature on the 21st of September, 2026, was issued with a yield and coupon of 6.125%, with interest payable semi-annually in arrears. The coupon of 6.125% is another first in the corporate Eurobond issuance space.


Interestingly, the bond is already trading at a premium from issue levels with bids around 5.89% levels whilst offers are around 5.78% as the unmet demand from the auction filtered into the secondary market. (101/101.50 indicative price). Nairametrics

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Wednesday, May 06, 2020

07:54

Dangote, MTN, Nestle, Zenith, Access Bank, party with N375 billion on NSE



The Nigerian equities market continued its upward trend as the benchmark All Share Index recorded an impressive 3.12% increase to close at 23,809.31. Investors gained N374.94 billion, as market capitalization rose to N12.408 trillion at close of trading.

 Market turnover closed strong, compared to the previous trading session, as volume and value traded increased by 38.15% and 77.45% respectively to 345.17 million and N4.252 billion.



 GTBank shares were the most active in today’s trading, as it boosted market turnover and value list. Market sentiment, measured by market breadth, was positive with 29 gainers led by DANGCEM (+10.00%), as against 7 losers topped by MAYBAKER (-10.00%).

Filmmaker jailed for criticising Sisi died of alcohol poisoning 

University sacks 400 staff members 

Pastor Oyakhilome knocks Christian leaders for supporting church closure  

COVID-19: NCDC releases new guidelines for Nigerians, companies

Sector performance was bullish with most indices appreciating, leading by a 2.42% apiece gain in the Banking and Consumer Indices. The Industrial (+1.56%) and Oil & Gas Indices (+0.73%) also registered gains, while the Insurance sector shed -0.32% as Insurance giant AIICO closed lower.



 ACCESS (+6.56%), UBA (+5.17%) and ZENITHBANK (+3.48%) climbed further to drive the lenders Index, while NESTLE (+5.96%) and HONYFLOUR (+2.06%) lifted the Consumer Index. Similarly, DANGCEM (+10.00%) and WAPCO (+3.88%) rose significantly to continue the Industrial sector’s upward trend, while OANDO (+6.77%) buoyed the Oil & Gas Sector.

 Top gainers

 DANGCEM up 10.00% to close at N143; ACCESS up 6.56% to close at N6.5; NESTLE up 5.96% to close at N975; MTNN up 3.45% to close at N120; and ZENITHBANK up 3.48% to close at N14.85.



 Top Losers

 MAYBAKER down 10.00% to close at N2.43; NPFMCRFBK down 9.60% to close at N1.13; LINKASSURE down 9.43% to close at N0.48; FLOURMILL down 5.95% to close at N19.75; and BUACEMENT down 2.45% to close at N31.8.  Nairametrics
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