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Access Bank partners SME.NG to roll out Ebi Marketplace

Access Bank partners SME.NG to roll out Ebi Marketplace

Business, Corporate Stories, Economy
SME.NG in partnership with Access Bank Plc and other leading institutions, including the Bank of Industry (BOI), LAPO Microfinance Bank, Chapel Hill Denham, and the Impact Investment Foundation Nigeria are launching the Ebi Marketplace – a Nigerian innovation for female entrepreneurs. The Ebi Marketplace consists of an access to capital market, an e-commerce mall and a knowledge market for female entrepreneurs in Nigeria seeking to digitize their businesses. Conceptualised and developed by SME.NG as a tangible solution to the impact of COVID-19 on female entrepreneurs, the Ebi Marketplace aims to close the gender digital divide in Nigeria by supporting women’s digital literacy and financial inclusion, while providing access to capital and markets. Thelma Ekiyor, the brain behind ...
Access Bank seeks resolution on tax dispute, pays Kaduna state N240m

Access Bank seeks resolution on tax dispute, pays Kaduna state N240m

Finance
In furtherance of the desire to resolve its tax dispute with the Kaduna State Government amicably, Access Bank Plc has paid the sum of N240 million into the coffers of the government. Meanwhile, the United Bank of Africa Plc and ARM Pensure Limited have opted to continue the hearing of their tax disputes with the Kaduna State Government. These were disclosed on February 17, 2021, before the North West Zone of the Tax Appeal Tribunal, holding in Kaduna and presided over by Umar Mohammed Adamu as Chairman alongside Prof. Kabir Isa Dandago, Prof. Ahmed Bayero, Prof. Ahmed Kumshe and Hajiya Sameera Gwandu. Access Bank, had on December 1, 2020, filed an appeal against an additional assessment raised by the Kaduna State Internal Revenue Service, in the sum of N618, 191,008.91. T...
Access Bank; Women Financiers – big winners at this year’s African Banker Awards

Access Bank; Women Financiers – big winners at this year’s African Banker Awards

Business
Herbert WigweManaging Director of the Access Bank Group London, 26th August 2020: Winners of the 2020 edition of the African Banker Awards were announced today at a virtual Awards ceremony. The awards were pushed back to August to coincide with the African Development Annual Meetings which are taking place this week, with the election of the new president of the bank expected tomorrow. The Awards are considered the Oscars of the African banking community and given the impartial selection and judging process are the most respected in the field. The big winners this year were Nigerian-based group Access Bank and also women in the banking and finance sector. Following on from what was seen as a lack of inclusion last year, the organisers put an emphasis on reward institutions that ens...
Access Bank begins disbursement of loans to grow Nigerian health sector

Access Bank begins disbursement of loans to grow Nigerian health sector

Finance
Access Bank PLC is set to release loans through the Central Bank of Nigeria (CBN) credit support scheme to ramp up the capacity of Nigeria’s pharmaceutical and healthcare industries as the country continues to tackle the evolving crisis of the Coronavirus pandemic. The bank is reaffirming a long-held and proven stance on fostering sustainable development across the country. The loan scheme is part of a six-point palliative by the Central Bank of Nigeria (CBN), of which Access Bank is a participating financial institute (PFI). It was developed to provide funding to indigenous pharmaceutical companies and other organizations in the healthcare value chain, enabling them to increase capacity to meet the increasing demand for healthcare arising from the pandemic. Earlier in the month, ...
Weak economy, others trigger negative sentiments on NSE

Weak economy, others trigger negative sentiments on NSE

Capital Market
Nigeria’s weak economic situation exacerbated by the increasing number of COVID-19 cases, has continued to trigger negative sentiments on the equities market. Specifically, at the close of trading last week on the Nigerian Stock Exchange (NSE), the All-Share index and market capitalisation fell by 0.99 per cent to close the week at 24,826.75, and N12.951 trillion respectively. All other indices finished lower with the exception of NSE-Main Board, NSE MERI Growth, NSE Consumer Goods, NSE Lotus II and NSE Industrial Goods Indices, which appreciated by 1.00 per cent. Analysts at the weekend, linked the negative sentiments to increasing number of COVID-19 cases in Nigeria and weak economic state of the country. However, they expressed optimism of imminent rebound, noting that the c...
Access Bank Supports Fight against COVID-19

Access Bank Supports Fight against COVID-19

Growth & Insight
Access Bank Plc has disclosed that it is one of the organisations at the forefront of the interventions deployed to fight the COVID-19 pandemic. The bank in a statement thursday, said it played a major role in the formation of The Coalition against COVID-19 (CACOVID), a task force instituted to ensure the minimisation of the impact of Coronavirus pandemic in Nigeria. The bank donated N1 billion to facilitate the building of 1000-bed isolation centers across the 6 geopolitical zones of the country. The building of the test and isolation centers would be in phases. The first phase of the project is the construction of additional testing and isolation centers, in Lagos (Yaba and Gbagada), Enugu, Kano, Port Harcourt, Borno, and Abuja.The next phase of the project will see the constru...
CBN, private sector form committee against COVID-19 crisis

CBN, private sector form committee against COVID-19 crisis

Growth & Insight
The Central Bank of Nigeria (CBN), in collaboration with the bankers’ committee and the private sector, led by Aliko Dangote Foundation and Access Bank, has announced the formation of the Nigerian Private Sector Coalition against COVID-19.  In a statement by the CBN, the coalition was created due to the urgent need to combat the unfolding COVID-19 crisis in Nigeria Members of the group include: the CBN Governor, Godwin Emefiele, Aliko Dangote, Herbert Wigwe, Jim Ovia, Tony Elumelu, Segun Agbaje, Abdulsamad Rabiu and Femi Otedola.  Already, the coalition has set up four major groups comprising of steering, funding, operational and technical committee to oversee the leadership, funding, project management and data collection for the group. The steering committee will b...