• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, May 12, 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

Shareholders Approve Access Holdings Capital Structure  

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

Shareholders of Access Holdings (Access Corporation) Plc, have approved the transfer of 35.545 billion shares in the issued and paid-up capital of Access Bank to the Holding Company.

Advertisement

The shareholders at Access Holdings Extra General Meeting held yesterday in Lagos adopted the statutory report of the Holdings in compliance with the provisions of Section 235 of the Companies and Allied Matters Act (CAMA).

According to resolution passed at the bank’s Ordered General Meeting held on December 16, 2021, during which the Scheme of Arrangement was approved by Bank’s shareholders. In line with the scheme of arrangement between Access Bank and holders of its full paid up ordinary shares of the Bank were exchanged for 35.545 billion of 50 kobo each in Access Corporation.

Speaking to shareholders, the Group chief executive of the Corporation, Herbert Wigwe, said, the Holding company, in its bid to become the Africa’s gateway to the world, is set to launch a new company, Hydrogen.

Wigwe noted that, with the launch of the subsidiary, Access Holdings would be supporting intra-Africa trade, adding that in partnership with some DFIs, Hydrogen would be responsible for payment across the continent.

RELATED

Saraki Chairs PDP Strategy C’ttee As Party Mulls May 27 For NEC Meeting

Saraki Chairs PDP Strategy C’ttee As Party Mulls May 27 For NEC Meeting

4 minutes ago
Rivers Emergency Rule: 12 SANs To Argue Case For Federal Gov’t At Supreme Court

Rivers Emergency Rule: 12 SANs To Argue Case For Federal Gov’t At Supreme Court

7 minutes ago

“We share the fact with you that we wanted to be known as Africa’s gateway to the world and what that meant was that we are going to be responsible for payments across the entire continent, irrespective of where you are and where you’re transferring money from.

support intra-African trade, which is a big problem today,” he said.

According to Wigwe, “the bank cannot do this alone because this are very specialist skills and it will allow us to be able to ensure they there are settlements even in countries where we don’t have a physical presence. The idea is that wherever you are in the world, if you’re making a transfer to anybody across the continent, one out of every three transactions that come into the continent will be settled on Access Bank’s platform.”

He, however, assured shareholders that though this business would generate commissions and fees but it would not lead to significant credit risk, saying, “they do have operational risk, obviously, but we do have strong compliance process and technology platform which we will enhance to ensure that operational risks will be significantly mitigated.”

Speaking further, the Access Holding Group CE said, plan are underway for the establishment of more subsidiaries, among which are Insurance Brokerage, Lending platform targeted at youths, among others.

He assured the shareholders that the Corporation would increase its earnings base as it continues to spread its tentacles across the continent.


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



SendShareTweetShare
Previous Post

NCC Moves To Deepen Digital Knowledge Of Judges For Adjudications  

Next Post

1,700 Benefits From INTELS’ Women Empowerment Programme

Olushola Bello

Olushola Bello

You May Like

Saraki Chairs PDP Strategy C’ttee As Party Mulls May 27 For NEC Meeting
News

Saraki Chairs PDP Strategy C’ttee As Party Mulls May 27 For NEC Meeting

2025/05/12
Rivers Emergency Rule: 12 SANs To Argue Case For Federal Gov’t At Supreme Court
News

Rivers Emergency Rule: 12 SANs To Argue Case For Federal Gov’t At Supreme Court

2025/05/12
PDP Dead, We‘ll Soon Receive You Into APC, Ganduje Replies Lamido
News

PDP Dead, We‘ll Soon Receive You Into APC, Ganduje Replies Lamido

2025/05/12
Edo Recruits 5,500 Teachers To Enhance Education
News

Edo Gov’t Mulls Legal Action Against Neo Black Movement Over Cult Killings

2025/05/12
NMDPA Executive’s Outburst Against Dangote Refinery Threat To Nigeria, Africa — Analyst
News

JUST-IN: Dangote Refinery Slashes Petrol Price By N10

2025/05/12
Rapper Falz Sparks Controversy With Stance On Premarital Sex
Entertainment

Rapper Falz Sparks Controversy With Stance On Premarital Sex

2025/05/12
Leadership Conference advertisement

Leadership Conference advertisement

LATEST

Saraki Chairs PDP Strategy C’ttee As Party Mulls May 27 For NEC Meeting

Rivers Emergency Rule: 12 SANs To Argue Case For Federal Gov’t At Supreme Court

PDP Dead, We‘ll Soon Receive You Into APC, Ganduje Replies Lamido

Edo Gov’t Mulls Legal Action Against Neo Black Movement Over Cult Killings

JUST-IN: Dangote Refinery Slashes Petrol Price By N10

Xabi Alonso To Join Real Madrid On 3-Year Deal

Rapper Falz Sparks Controversy With Stance On Premarital Sex

Niger APC Chieftain Faults Composition Of NCDC Board

IEDPU Skills Acquisition Project Reaches 80% Completion

Nguroje Backs Abbas On Traditional Rulers’ Empowerment

© 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.