Investors in the shares of Access Holdings Plc will be waiting a bit longer for the company to release its interim audited financial statements for the half-year ended June 30, 2025.
Access Holdings has just noted that, further to its announcement on August 14, the date for the publication of its Interim Audited Financial Statements for the half year ended June 30 has been extended from September 29 to October 22 to enable the Company to obtain the Central Bank of Nigeria’s approval of the Results.
“In view of the foregoing, the NGX has approved a further extension of time for the Company to file the Results on or before October 22, 2025, subject to the Central Bank of Nigeria’s approval of the Results”, the bank said in a recent notice.
The Central Bank of Nigeria (CBN) had in June directed banks to temporarily suspend the payment of dividends to shareholders, defer the payment of bonuses to directors and senior management staff, and refrain from making investments in foreign subsidiaries or embarking on new offshore ventures.
Read also: Meet Innocent Ike, Access Holdings’ new group CEO
According to the apex bank, the measure forms part of ongoing efforts to strengthen the resilience and stability of the Nigerian banking sector. The CBN noted that it had reviewed the capital positions and adequacy of provisioning of banks currently operating under approved regulatory forbearance frameworks, particularly concerning credit exposures and Single Obligor Limits (SOL).
Given the imperative to bolster capital buffers, reinforce balance sheet resilience, and encourage prudent internal capital retention during this transitional period, the CBN issued the directive to all banks that are currently beneficiaries of credit or SOL forbearance regimes.
Following a new date for the release of its H1 results, Access Holdings, in its September 23 notice, further reminded its insiders that the earlier declared Closed Period in respect of transactions on its securities remains in place until twenty-four (24) hours after release of the results.
The earlier rally in banking stocks is losing momentum as investors price in potential risks from further delays in the release of banks’ half-year.
The delays, which further put investors in the dark, have moderated the NGX Banking Index return this month, which is now in the negative region of 2.69 percent, according to trading data as at September 22.
Read also: Access Holdings pays N125bn dividend to shareholders
Access shares see new dip…
The stock recorded a new dip on Tuesday, down to N25, after losing N1.1 (-4.21 percent) as at 2 pm.
New GMD committed to deliver exceptional value to shareholders, stakeholders….
Access Holdings recently announced the appointment of Innocent Ike as the substantive Group Managing Director/Chief Executive Officer of the Company, effective August 29, 2025, following the receipt of
regulatory approval.
Ike succeeded Bolaji Agbede, who served as the Company’s Acting Group Managing Director/Chief Executive Officer for the past 18 months and played vital role in driving the Company’s performance.
Speaking on his appointment, Ike said:
“I am honoured to take on the role of Group Managing Director /Chief Executive Officer and excited to work alongside the talented team at Access Holdings. I look forward to building on the strong legacy established by Herbert Wigwe and Bolaji Agbede, and driving our vision forward, ensuring we continue to deliver exceptional value to our shareholders and stakeholders.”
