Connect with us

Business

Access Bank Plc 2023 Entry Recruitment

Published

on

Access Bank Plc 2023 Entry Recruitment

Apply for Access Bank Plc Entry Level Recruitment 2023 ✓ Access Bank Graduate Trainee 2023 and Access Bank Internship 2023– Access Bank Plc is a financial institution with presence in 9 countries in Africa and the United Kingdom and in all major cities in Nigeria.

Also referred to as the Africa’s Bank of Best Practice, Access Bank operates on a platform of strong ethics, governance and professionalism. Applications are invited for:

Access Bank Plc Entry Level Recruitment 2023 Title: Entry Level Training Program Location: Nigeria Details

Are you driven, confident and enthusiastic about the banking sector? Do you want to pursue your passion as a career?

Are you prepared to assist us on our mission to establish a top-tier financial institution?

You are perfect for our Entry Level Training Program! Your career path with us begins with an intensive training program at the School of Banking Excellence, offering you an opportunity to train with other highly qualified candidates.

We are an equal opportunity employer and, all hiring decisions are made after conducting a competitive assessment based on business needs, job requirements and individual qualifications.

We are gender and diversity focused, and so we encourage females and those who are physically challenged to apply.

Requirements for Access Bank Plc Entry Level Recruitment 2023 Application The recruitment process is location specific so carefully choose your most preferred location.

You are also to select ONE from the following programs and apply. Note that you are apply to a program that you are eligible for.

Eltp Grad:
Bachelor’s Degree from a reputable university with a minimum of Second-Class Upper Division (2:1).
Divisions: ERG (Enterprise Resource Group), CIBD (Corporate and Investment Banking Division) and CBD (Commercial Banking Division)

Eltp Retail:
Bachelor’s Degree from a reputable university with a minimum of Second-Class Lower Division (2:2).

Divisions: Retail sales, Products and Retail Operations

Eltp Tech:
Advertisement Bachelor’s degree from a reputable university with a minimum of Second-Class Lower Division (2:2).

Must be a graduate of any STEM (Science, Technology, Engineering and Mathematics) discipline and Economics. Division: Technology.
Access Bank Plc Entry Level Job Recruitment – Internship Bachelor’s Degree from a reputable university with a minimum of Second-Class Lower Division (2:1).

Division: Retail Operations.
How To Apply for Access Bank Plc Entry Level Recruitment 2023 Application Closing Date Not Specified. Advertisements News continues after this ad Method of Application Interested and qualified candidates should:

Click here to apply online Note News continues after this ad Applications must be completed online and should not be duplicated. Duplicate applications will be deemed invalid.

Please review and ensure accuracy and completeness of all information provided on your application form before you submit.

False information given during the application process or afterward will result in automatic disqualification. Also See Access Bank Salary Structure and Allowance (latest update)) Important Notice:

Access Bank does not demand payment from applicants.

Application is free. Access Bank does not assign agents to assist applicants in processing applications in this category.

Application window opens… Only successful candidates at each stage of the exercise will be contacted.

Only applications submitted through the Access Bank job portal are valid. Also see Graduate Customer Service Representatives Recruitment in a Reputable Commercial Bank –Inguest Global Partners Limited

 

 

Business

Access Corporation reports N612.4 billion profits, up 300% YoY

Published

on

By

Access Corporation reports N612.4 billion profits, up 300% YoY

Access Corporation reports N612.4 billion profits, up 300% YoY

Access Corporaion, Nigeria’s largest finance holding company has reported a profit after tax of N612.4 billion up 300% from the year before.

This is the largest profit ever posted by the company and presided over by the late Herbet Wigwe.

In the financial statements seen by Nairametrics, Access Corporation posted a Gross Earnings of N2.6trillion up 80% from the N1.4 trillion reported a year earlier.

A significant portion of the revenue came from fair value and foreign exchange gain of about N628.9 billion compared to N335.5 billion reported a year earlier.

Recommended reading: Access Holdings to acquire National Bank of Kenya Limited
Key highlights (2023 vs 2022 FY)

Gross Earnings N2.6 trillion vs N1.4 trillion, YoY 80%
Net Interest Income N555.8 billion vs N145.7 billion, YoY 282.7%
Operating Expenses N697.5 billion vs N502 billion, YoY 38.9%
Profit after tax N612.4 billion vs N153 billion, YoY 300%
Earnings Per share N1.723 vs N0.444, YoY 300%
Dividends N1.8/share (bringing total to N2.10)
Dividend yield based on current price 7.8%(adjusted 9.1%)
Access Corp share price closed at N23.1 (down 2%) on Wednesday March 26th, 2024. The share price is down 0.22% YTD and has a year high of N30 per share.

Recommended reading: Access Bank to acquire 80% stake in Finance Trust Bank

Continue Reading

Business

Access Holdings to raise staggering N365 billion in right issue

Published

on

By

Access Corporation reports N612.4 billion profits, up 300% YoY

Access Holdings to raise staggering N365 billion in right issue

 

Access Holdings, one of Nigeria’s largest financial institutions, has announced plans to raise a staggering N365 billion (Three Hundred and Sixty-Five Billion Naira) through a rights issue.

The company is also seeking a combined capital raise of up to $1.5 billion via equity, quasi-equity, and debt issuances.

This strategic move is expected to fortify the bank’s capital base, supporting its continued expansion and its ability to seize emerging opportunities in the financial sector.

The details of this planned capital raise were made public in a notice about an upcoming Annual General Meeting, which was disseminated via the Nigerian Exchange Group (NGX).

Rights Issue Details
As part of this monumental rights issue, Access Holdings (aka Access Corporation) will see an expansion in its issued share capital from N17,772,612,811.00 , divided into 35,545,225,622 ordinary shares, to N26,658,919,216.50.

This expansion is facilitated by the creation of an additional 17,772,612,811.00 ordinary shares, each priced at N0.50 Kobo, which will rank pari-passu with the existing shares of the company.

The capital raise of N365 billion through a rights issue is set to occur on dates and under terms specified by the Directors, subsequent to obtaining approvals from relevant regulatory bodies.
This strategic financial maneuver is anticipated to assist Access Corporation in more effectively navigating the competitive landscape of the banking industry, with an enhanced ability to invest in technology, infrastructure, and human capital.
It also positions them advantageously ahead of an imminent announcement by the central bank to increase bank share capital to approximately N500 billion.
Board’s also seeking to raise $1.5 billion
Moreover, the Board of Directors is also seeking the authority to embark on a capital raising programme of up to US$1,500,000,000.00 (One Billion, Five Hundred Million United States Dollars) or its equivalent.

This programme may involve the issuance of ordinary shares, preference shares, Alternative Tier 1, convertible and/or non-convertible notes, bonds, or any other instruments.
The offerings could be conducted through a public offering, private placement, rights issue, book building process, or any combination thereof, subject to necessary regulatory approvals. T
he details regarding the tranches, series, proportions, dates, rates, maturity periods, and terms and conditions will be determined by the Board.
What this means
Access Holdings, following the announcement of its fiscal year 2023 results, has disclosed a total share capital of approximately N2.1 trillion. Within this share capital, retained earnings amount to about N715 billion, alongside “other components of equity” totaling around N936.7 billion.

The company is poised to embark on a capital raise that constitutes about 17% of its total share capital, a figure that notably exceeds its current share capital and premium, which stands at N251.8 billion.
In the wake of these developments, the company’s share price saw an uptick, closing at N24 on Wednesday, reflecting a 3.9% increase.
This rise comes in the aftermath of Access Holdings announcing a profit after tax of N612.4 billion for the year ended 2023.
Access Holdings, with its subsidiaries spread across various African nations, continues to strategically focus on inorganic acquisitions as a pivotal component of its growth strategy.
This approach to raise capital highlights the company’s ambition to expand its footprint and enhance its market presence across the continent, leveraging acquisitions to fuel its growth ambitions effectively.

Continue Reading

Business

FirstBank, UN Women share insights on women‘s empowerment through investments and gender equality initiatives

Published

on

By

FirstBank, UN Women share insights on women‘s empowerment through investments and gender equality initiatives

FirstBank, UN Women share insights on women‘s empowerment through investments and gender equality initiatives

A webinar hosted by FirstBank, titled “Invest in Women, Accelerate Progress,” provided valuable insights into empowering women through investment and advancing gender equality.

The discussion was aligned with the 2024 theme, “Count her in,” advocated by UN Women, which aimed to amplify women’s voices in advancing inclusive and sustainable development, in accordance with Sustainable Development Goals 5 and 8.

The webinar centered on gender lens investment, education for the girl-child and women, sustainability, and urgent action for women’s economic empowerment. Furthermore, it called for the establishment of a care society that amplifies women’s voices.

The key objectives of the webinar included providing context and conceptual clarity on women’s empowerment in Nigeria, exploring the importance of investing in women as a sustainable socio-economic development priority and fundamental human rights issue, as well as innovative gender lens investment strategies.

Mo Abudu, media mogul and CEO of EbonyLife in her keynote address, emphasized the need to focus on tangible results and encouraged setting ambitious goals. Abudu shared personal anecdotes, stressing the importance of perseverance, time management, and self-advocacy in achieving success. She underscored the significance of women’s leadership and urged deliberate efforts to promote women to leadership roles within organizations.

She said;

“It’s the results that count. It’s about what we need to do to achieve the results we want….I keep reinventing and rebranding.”
“Some of the things that worked for me, are the things we already know, but do we practice it?”
“It’s important to make daily actions and things you need to achieve. I see challenges as opportunities because it means there’s a solution”.
Ms. Beatrice Eyong, the lead country representative in Nigeria for UN Women and ECOWAS, shared how the UN invests in women to accelerate progress in women’s economic empowerment.

She stressed the critical need to invest in women and girls, highlighting persistent gender inequalities in areas like the digital space, leadership, decision-making, and unpaid care work, which contributes to the feminization of poverty and hinder development equilibrium.

She stated that there is a significant shortfall in funding for gender equality initiatives, with estimates indicating a substantial financial gap, risking millions of women and girls falling into extreme poverty by 2030 without increased investment.

“UN Women statistics shows that we need $360 billion annually to close the gender gap.
“By 2030 if we don’t increase the investment we will see 340 million women and girls go into extreme poverty.
“We need to fund technologies that will reduce the time women spend on chores. If we could put 4% of our Gross domestic product on childcare services, it could create 9 million jobs in Nigeria”
According to her, it is therefore important to prioritize funding and supporting initiatives that empower women economically, socially, and politically, as a holistic investment approach in women’s advancement is needed.

In stating the approaches to close the gap, she highlighted the importance of time management through coaching, mentoring, and personal development and the need to invest in technology and digital solution equipment to empower women. She also spoke about closing the gender disparities in leadership, decision-making, and unpaid care work, which exacerbates poverty and hinders development.

Based on this, the urgent actions needed are to fund technologies to reduce women’s time spent on household chores, investing in women’s personal development, improved healthcare for women, access to services, promoting fair taxation policies, and supporting women’s productive activities at grassroots levels.

Amina Oyagbola, a lawyer, founder and chairperson of WISCAR (Women in Successful Careers), on the panel stressed the significance of creating an enabling environment for women’s participation, advocating for the passage of gender bills and greater involvement of the private sector in promoting gender equality. She commended FirstBank for its commitment to increasing women’s representation in the workforce and underscored the importance of intentionality in driving progress towards gender equality.

According to her:

“Only 34 companies in Nigeria signed on the WEPS (Women Empowerment Principles); now we have over 200 companies that have signed on.
“Beyond signing on, the question is what actions are being taken to embed the principles, to develop a gender action plan, gender responsive budgeting.
“If we are serious about moving the needle, it starts with intentionality”.
She cited FirstBank as an example of an intentional organization as it set a target of 40% on achieving women’s representation in its workforce, and it has achieved 39% so far. On the leadership level, 30% of women in the bank are represented which shows progress.

Marilyn Obiasa-Osula, a Management Consultant at PwC, emphasized the need for big corporates to ensure gender inclusivity within their supply chains and highlighted the underrepresentation and underpayment of women in various industries.

She underscored the role of women as job creators in the gig, blue, and green economies and emphasized the importance of mentorship, policy formulation, and technology in empowering women entrepreneurs.

Taiwo Ogunleye exemplified how her organization, which is in the automobile industry, collaborated with other stakeholders to train females in mechatronics and technical skills to provide them with employment opportunities. She said:

“At some point, we trained women on Engineering, mechatronics. We collaborated with the first lady mechanic to train women, and we are open to further collaborations and also engage stakeholders in recruiting females.
“We maintain gender-neutrality in my organization”.
Adeyinka Aderonke, a Senior leader at FirstBank finally shared how the bank is supporting women through innovative sustainable financial instruments with the potential to accelerate gender equality. She highlighted FirstBank’s initiatives, such as FirstGem, aimed at supporting women entrepreneurs in various sectors, and how its innovative financial instruments help in supporting women’s economic empowerment while acknowledging that there are challenges associated with their implementation.

Continue Reading

Trending