• Saturday, October 12, 2024
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Why Access Holdings may delay first-half results

Access ARM Pensions eyes premium service in merger deal

Access Holding Plc, a multinational financial services group, has explained the potential delay in the filing and publication of its unaudited financial statements for the first half of 2024.

According to a statement by the company, the delay is endangered by the complexity of the post-completion of the audit activities of the newly acquired sub-subsidiaries of the banking group.

“Given the foregoing, the Nigerian Exchange Limited has approved an extension of time to file the results on or before September 20, 2024, subject to the Central Bank of Nigeria’s approval of the results,” the statement said.

It added that the bank’s insiders are reminded that the earlier declared close period in respect of transactions on its insecurities remains in place until 24 hours after the release of the results.

Access Holdings offers commercial banking, lending, payment, insurance, and asset management services.

Read also: Access Holdings gets extension of Rights Issue to August 23

Headquartered in Lagos, Nigeria, Access Holdings operates through a network of more than 700 branches and service outlets, spanning 3 continents, 22 markets, and 60 million customers.

The Holdings employs more than 28,000 people in its operations in Nigeria and is currently listed on the Nigerian Exchange Limited.

It transitioned into a holding company to drive rapid growth and become a full-scale ecosystem player offering interconnected services across customer needs.

Established in 2022, Access Holding consists of the Access Bank Group itself; a Payment and Switching Services Company; a Digital Lending Company; a Pension Fund Company, and an Insurance Brokerage Company.

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