Access Holdings Plc has reaffirmed its strong financial position and commitment to regulatory compliance in response to a recent directive issued by the Central Bank of Nigeria (CBN), which places a temporary suspension on dividend payments, subsidiary bonuses, and foreign investments.
The disclosure, signed by the Company Secretary, Mr. Sunday Ekwochi, follows a CBN letter dated June 13, 2025 (Ref: BSD/DIR/COM/LAB/018/008), and complies with the Nigerian Exchange Rulebook (2015) which mandates the disclosure of material information to the investing public.
According to the statement, Access Bank Plc— the banking subsidiary of Access Holdings — became the first Nigerian commercial bank with international authorization to meet and exceed the new CBN minimum capital requirement of ₦500 billion as of December 31, 2024.
The company also confirmed that Access Bank remains fully compliant with the CBN’s Single Obligor Limit regulation as of the reporting date and is committed to maintaining compliance in the future.
On the issue of regulatory forbearance relating to credit facilities, Access Holdings stated that the Bank will adhere to the apex bank’s directives by June 30, 2025, while continuing to maintain a robust capital buffer and honouring dividend payments to shareholders within the bounds of regulation.
“We assure our esteemed shareholders and stakeholders of our unwavering commitment to regulatory compliance and sustainable value creation,” the statement read. “We deeply appreciate their trust and support over the years.”
The announcement underlines Access Holdings’ leadership position in Nigeria’s financial sector and its ability to navigate evolving regulatory landscapes without compromising shareholder value or operational strength.
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