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Access Bank Plc, commonly known as Access Bank, is a Nigerian multinational commercial bank, owned by Access Bank Group. It is licensed by the Central Bank of Nigeria, the national banking regulator. [1] Originally a corporate bank, they expanded into personal and business banking in 2012. Access Bank and Diamond Bank merged on April 1, 2019.
In March 1998, Access Bank changed its legal status and became a public limited company and in the same year, on November 18, entered the Nigeria Stock Exchange. In 2002, Aigboje Aig-Imoukhuede was appointed managing director and Herbert Wigwe , Deputy Managing Director, with the mandate of raising the bank from 65th place to the top 10 in 2007.
The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately ₦767.54 per 1 US dollar. This rate is almost two times different from the illegal black market exchange rate. The Black-Market exchange rate of the naira to the U.S. dollar is approximately ₦752.50 per 1 US dollar.
Intercontinental Bank, commonly referred to Intercontinental, was a Nigerian commercial bank that operated from 1989 until it was acquired by Access Bank plc in 2013. Prior to its acquisition, Intercontinental Bank was one of the twenty-four commercial banks licensed by the Central Bank of Nigeria , the country's banking regulator.
Total assets. US$ 3.14 Billion (2017) Total equity. US$ 0.79 Billion (2017) Number of employees. ~6,500 (2015) Website. www.atlasmara.com. Atlas Mara Limited, formerly referred to as Atlas Mara Co-Nvest Limited, [3] is a financial services holding company formed to undertake the acquisition of target banks in Africa.
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...
The Nigerian Stock Exchange (NSE), now Nigerian Exchange Group, is an integrated stock exchange group in Africa founded in 1961 in Lagos.Following the demutualization of the NSE in 2021, NGX Group now has 3 subsidiaries - Nigerian Exchange Limited (NGX), the operating exchange; NGX Regulation (NGX RegCo, the independent regulation company; and NGX Real Estate (NGX RelCo).
Second-Tier Foreign Exchange Market. Second-Tier Foreign Exchange Market sometimes known by the acronym SFEM was a second official foreign exchange market in Nigeria that opened in September 1986 and was effective until middle of 1987. [1] The market window was open to both Nigerians and foreigners and the initial plan was to find a market rate ...