By Ayomide Otitoju Access Bank has unveiled a new vehicle financing scheme in partnership with Elizade JAC Motors, offering up to 90 per cent loan coverage to qualified individuals, SMEs, and corporates, in a bid to expand access to auto loans. Under the initiative, applicants are required to provide a minimum 10 per cent equity…
Access Bank and MasterCard have partnered to boost cross-border payments with a unified money movement solution, enabling businesses and consumers to send and receive international payments to and from over 150 countries. This was revealed to by Trust News Africa that the partners at the launch of the solution, which would run on the Access…
In line with its commitment to support women and youth-owned businesses in Nigeria, Access Bank Plc, has partnered with the Federal Government of Nigeria to provide N30 billion in support for four million Micro, Small and Medium Enterprises (MSMEs).The Group Managing Director/Chief Executive Officer of Access Bank Plc, Roosevelt Ogbonna, made this known in an…
The Aig-Imoukhuede Foundation, with support from Access Bank Plc, has donated 11 laptops to the Office of the Head of the Civil Service of the Federation (OHCSF) to bolster its Enterprise Workspace Management Solutions (E-WMS) Project.The E-WMS utilises automation to optimise office space allocations within Federal Secretariat Complexes, enabling the OHCSF to monitor office spaces,…
Nigerian banks are faced with low growth and a punitive cash reserve ratio of 27.5% at home. They are betting on the African Free Trade Zone to expand elsewhere on the continent. However, the profitability of their subsidiaries outside Nigeria is relatively average. Are they falling into an expansionary trap? A pastoral setting, an elegantly…