June 15, 2024

Following its transition to a holding company (Holdco), Access Holdings Plc has assured shareholders of its commitment to continue to deliver improved performance that is consistent with its vision of delivering exceptional service to customers and increasing shareholders’ value.

Group Managing Director of the bank, Herbert Wigwe stated this at the Closing Gong Ceremony in commemoration of the bank’s transition to a new structure at the weekend.

Wigwe said the management of the bank had been working tirelessly over the years to ensure return on investment, noting that the bank also delivered on all the promises made to the stockbroking community.

Wigwe recalled that the Nigerian Exchange Limited, formerly, Nigerian Stock Exchange (NSE) had been the platform it explored when the Central Bank of Nigeria increased capital from N2 billion to N25billion, adding that the bank had grown steadily and witnessed the biggest merger the country.

Going forward, Wigwe said the company will not desist from sharing information as it has transited from the narrow banking structure into one with an institutional structure.

Chief Executive Officer of the NGX, Temi Popoola applauded the bank for its contributions to the growth of the capital market, noting that the Exchange’s history would not be complete without mentioning the bank.

He noted that the Exchange relies on partnerships for growth, thus its alliance with institutions that shares the same vision with the bourse.

Chairman, Nigerian Exchange Limited (NGX), Abubakar Mahmoud said the bank’s transition to a holding company signifies the beginning of collaboration and partnership that exists between the two parties over the years.

Welcoming the board and management of the bank, the Doyen of NGX, Rasheed Yusuf appreciated the bank for the return on investment generated for shareholders, while urging them to continue to give the stockbroking community timely and relevant information that would aid investors in making decisions for the stock in the market.

Furthermore, he urged the holding company to list its subsidiaries on the local bourse to woo other companies to act in the same direction.


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