• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, July 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Access Holdings Records Gross Revenue Of N940.3bn

by Olushola Bello
2 years ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

Access Holdings Plc has reported a gross earnings of N940.3 billion in its audited half year results ended June 30, 2023.

Advertisement

The Holdings results released on the Nigerian Exchange Group (NGX) showcased a set of impressive performance highlights, affirming its steadfast commitment and prominent industry standing in delivering sustainable returns to stakeholders.

The company proposed an interim dividend of 30 kobo per share to its shareholders for the period under review.

Access Holdings’ gross earnings figure of N940.3 billion, reflecting an impressive year-on-year (Y-o-Y) growth of 58.9 per cent. This substantial surge was driven by a combination of 63.0 per cent growth in interest income and 51.9 per cent increase in non-interest income.

The Group delivered a profit before tax (PBT) and profit after tax (PAT) figure of N167.6 billion and N135.4 billion, translating into a 71.4 per cent year-on-year (Y-o-Y) and 52.6 per cent Y-o-Y growth respectively.

RELATED

Sanwo-Olu Pledges Support For Artisans, Tradesmen

Motorists, Residents Excited As Sanwo-Olu Commissions Roads In Agege, Igando-Ikotun

3 minutes ago
Lagos To Pay N85,000 Minimum Wage

Lagos Partners Bank To Train 253 SMEs On Export Promotion

7 minutes ago

Access Holdings witnessed a significant 35 per cent year-to-date growth in customer deposits, concluding the half-year at a commendable N12.5 trillion.

Access Holdings’ synergies across its business verticals yielded remarkable results, as the company experienced a 39.0 per cent Y-o-Y increase in total assets and a 40.6 per cent year-on-year rise in shareholders’ funds. As of the mid-year point in 2023, total assets and shareholders’ funds stood at N20.9 trillion and N1.7 trillion, respectively.

Speaking on the Holding Company performance, Group chief executive officer, Access Holdings, Herbert Wigwe said, “our growth plans for the African continent remains firm and clear, driven by the strong long term growth prospects and trade opportunities seen across many of the countries.”

“Continuing with our 5-year cyclical strategy, our primary objective remains to transform Access Holdings into a leading financial and ecosystem player, fostering opportunities for shared prosperity` among all stakeholders,” Wigwe added.

Notably, the Group’s Pensions business surpassed the N1.0 trillion in Assets Under Management (AUM) milestone, thereby ranking as the fourth largest PFA by AUM and the second largest by the number of registered retirement savings accounts (RSAs).

Furthermore, its payments vertical, Hydrogen, processed over N3.0 trillion in transactions, achieving a 407 per cent month-on-month growth in point of sale (POS) transactions and 99 per cent system uptime on account switching within the period.

Despite operating in a high inflationary environment, Access Holdings improved its cost-to-income ratio (CIR) by 4.9 per cent Y-o-Y, accomplished through prudent adjustments in personnel costs, effective management of regulatory fees, and continued investments in technology to enhance cost efficiency and improve the overall user experience.

In terms of regulatory ratios, the Group displayed a robust liquidity position and capital adequacy, surpassing regulatory thresholds with a liquidity ratio (LR) of 50 per cent and a capital adequacy ratio (CAR) of 19.1 per cent.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Allow NEDC Board Members To Work, Group Tells Critics

Next Post

5 Die As Trailer Crushes Passenger Bus In Edo

Olushola Bello

Olushola Bello

You May Like

Sanwo-Olu Pledges Support For Artisans, Tradesmen
News

Motorists, Residents Excited As Sanwo-Olu Commissions Roads In Agege, Igando-Ikotun

2025/07/03
Lagos To Pay N85,000 Minimum Wage
News

Lagos Partners Bank To Train 253 SMEs On Export Promotion

2025/07/03
Autopsy Results On Singer Mohbad To Be Ready In Next 4 Weeks
News

Mohbad: Court Declines To Quash DPP’s Advice On Naira Marley, Others

2025/07/03
Gombe Tops FG’s Climate Governance Performance Ranking
News

Sharing Video: Gombe Lecturer Gets Bail

2025/07/03
Stakeholders Urged To Commit To Low-emission, Climate Future
News

OGP Disseminates Framework To Tackle Kaduna Climate Change Response

2025/07/03
FEDCOOP Rallies Members For Inclusive Development Walk
News

FEDCOOP Rallies Members For Inclusive Development Walk

2025/07/03
Leadership Conference advertisement

LATEST

Motorists, Residents Excited As Sanwo-Olu Commissions Roads In Agege, Igando-Ikotun

Lagos Partners Bank To Train 253 SMEs On Export Promotion

Mohbad: Court Declines To Quash DPP’s Advice On Naira Marley, Others

Sharing Video: Gombe Lecturer Gets Bail

OGP Disseminates Framework To Tackle Kaduna Climate Change Response

FEDCOOP Rallies Members For Inclusive Development Walk

CDS Pledges Collaboration With NIS To Enhance Military Sports Training

Barde Builds 40-Bed Hostel At FUK Gombe

Speaker Abbas Pushes For Special African Parliamentary Forum

IBB University Will Not Reopen Until Security Improves – Bago

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.