Capital Market

Soaring Access Holdings: Total assets rise to N42.45 trillion

Published

14 minutes ago

October 27, 2025

Access Holdings Plc expanded its total asset base to N42.45 trillion in the first half, sustaining its lead as Nigeria’s largest bank by assets.
Key extracts of the audited report and accounts for the half year-ended June 30, 2025 released at the Nigerian Exchange (NGX) at the weekend showed that total assets rose from N41.5 trillion in December 2024 to N42.45 trillion by June 2025. Customer deposits had risen from N22.52 trillion to N22.90 trillion. Loans and advances increased from N13.07 trillion to N13.21 trillion while shareholders’ funds rose from N3.76 trillion in December 2024 to N3.83 trillion by June 2025.
Profit and loss accounts also showed resilient growths with gross earnings rising by 13.8 per cent to N2.5 trillion in first half 2025 as against N2.2 trillion in first half 2024. Top-line growth was driven by strong growth in interest income which increased by 38.9 per cent to N2.0 trillion in first half 2025 from N1.5 billion in first half 2024.
Net interest income also increased by 91.8 per cent to N984.6 billion in first half 2025 from N513.4 billion in first half 2024. Net fees and commission income also increased by 16.1 per cent to N237.7 billion from N204.7 billion. However, the group bottomline was impacted by impairment charge. Profit before tax stood N320.57 billion in first half 2025 as against N348.92 billion in first half 2024. After taxes, net profit closed first half 2025 at N215.92 billion compared with N281.33 billion in comparable period of 22024.
The report showed that the banking group subsidiaries contributed 65 per cent to the banking group’s profit before tax in first half 2025, highlighting the group’s r journey towards sustainable performance and execution across key African and international markets.
The group’s non-banking subsidiaries maintained a strong growth momentum. For Access – ARM Pensions, financial performance was robust, with revenue up 29.9 per cent to N21.0 billion and profit before tax up 65.1 per cent to N13.1 billion. The business delivered ROAE of 48.1 per cent, a cost-to-income ratio of 35.1 per cent, and a pre-tax profit margin of 62.5 per cent, underscoring strong operational efficiency and profitability.
Also, Hydrogen Payments recorded a 40.5 per cent growth in top-line revenue. Profit before tax grew by 273 per cent. The total transaction value processed increased by 211 per cent, reaching N41.1 trillion in first half 2025, up from N13.8 trillion in first half 2024.
Access Insurance Brokers sustained strong momentum, recording a 125 per cent increase in gross written premium, 146 per cent growth in revenue, and a 161 per cent improvement in profit before tax.
Oxygen X, the group’s digital lending arm, sustained strong momentum since launch in third quarter 2024, delivering N5.4 billion in revenue and N2.2 billion in profit before tax in first half 2025.
The board of Access Holdings stated that the group’ businesses are well-positioned to deepen market penetration, expand product offerings, and leverage cross-sell opportunities across the group to drive continued growth and profitability.
“The group’s focus remains on driving prudent growth and continued execution of its strategic priorities, scaling its digital and transaction-led income streams, increasing revenue diversification, embedding efficiency, innovation, and disciplined portfolio management across all areas of the business. It will also continue to uphold the highest standards of risk and governance discipline to ensure sustainable profitability.
“Access Holdings remains confident that it will continue to deliver sustainable value and returns to its shareholders. Its long-term objective is to build a stronger, more agile group that consistently delivers superior returns, fosters innovation-driven growth, and optimises portfolio performance to create inclusive value across its markets while reaffirming investor confidence in the strength and future of Access Holdings.
“The group appreciates the continued trust and support of its shareholders, customers, and employees. Together, the Group is building a stronger future,” the board stated.

Capital Market

Alake: capital market critical to Nigeria’s mining growth

Published

1 month ago

September 18, 2025

The Trust News

The Minister of Solid Minerals Development, Dr Dele Alake, has described the capital market as critical to facilitating a sustainable mining sector.
Alake said this at a webinar on “Unlocking Nigeria’s Solid Minerals Potential through the Capital Market” on Wednesday.
The webinar was organised by the Solid Minerals Development Fund (SMDF) in partnership with the Nigerian Association of Securities Dealers (NASD) OTC Securities Exchange.
Alake was represented by his Senior Advisor on Mining and Policy, Amira Waziri.
He said through the capital market, long-term financing for exploration and project development could be mobilised.
“Through the capital market, we can support junior mining companies to list, raise funds and scale operations.
“It will help to facilitate securitisation and monetisation of geological assets, and channel institutional capital into infrastructure and processing hubs,” he said.
He said the webinar was timely and marked the beginning of a broader national conversation on using structured capital to unlock mineral wealth.
“We look forward to collaborating with SMDF and other stakeholders to develop bespoke instruments, listings and frameworks that will make this vision a reality,” he said.
The minister said the ministry remained committed to inclusive and strategic stakeholders’ engagement.
He said the ministry was open to ideas, partnerships and joint efforts aimed at advancing the collective good of the mining industry.
According to him, the ideas include continuous dialogue with host communities to ensure local participation and benefits.
He said stronger collaboration with financial institutions, Development Finance Institutions (DFIs) and capital market operators, alongside alignment with environmental and social best practices, would ensure sustainability of the mining sector.
Alake said that Nigeria was on the verge of a mining renaissance, pointing out that while the nation possessed vast mineral resources and the political will, it still needed capital, technology and partnerships to fully realise this potential.
“As we explore the possibilities before us today, let us keep in mind that this sector is not just about extracting minerals.
“It is about building an economy that is inclusive, resilient and globally competitive,” he said.
In his presentation on “Licencing Processes and Requirements of a Mining Asset”, the Director-General of the Mining Cadastre Office (MCO), Mr. Obadiah Nkom, advised investors to start with reconnaissance permit.
Nkom described the permit as the smartest and lowest-cost entry into Nigeria’s mineral wealth.
“For communities, understand reconnaissance as the beginning of shared prosperity, not exploitation,” he said.
He said the reconnaissance permit was non-exclusive, valid for one year and renewable annually, whereas other mineral title licences were exclusive.
According to him, MCO as a key regulator of the mining sector, will continue digitising its processes and enforcing standards in the sector.
Also, an expert, Paul Lalovich, said that tokenisation involved converting mineral assets, rights, or commodities into blockchain-based tokens to raise funds and make ownership more accessible.
Lalovich said that tokenisation had the potential to bring trillions in value chain, and was already transforming the way assets were managed and traded.
His presentation was titled, “Real World Asset to Tokenisation As a Means to Unlock Early-Stage Exploration Funding”.
He said there was a rising demand in investing in tokenised assets as investors believed in its long-term value.
In her remarks, the SMDF Executive Secretary, Hajiya Fatima Shinkafi, said that the conversations at the webinar were aimed at shedding light on critical elements of the mining asset development cycle.
Shinkafi was represented by her Executive Assistant, Omotayo Omitokun.
She said the insights were vital as SMDF collectively works to deepen capital market participation in Nigeria’s mining sector and unlock the true value of the country’s mineral resources.