Nigeria: Access Corporation Reports Record-Breaking N612.4 Billion Profit
Access Corporation, Nigeria’s leading finance holding company, has announced a remarkable achievement with a profit after tax of N612.4 billion, marking an impressive 300% increase from the previous year.
This extraordinary profit represents the largest ever recorded by the company and underscores its continued growth trajectory under the leadership of the late Herbet Wigwe.
Access Corporation reported Gross Earnings of N2.6 trillion, marking a substantial 80% increase from the N1.4 trillion recorded in the preceding year.
A significant portion of the profits can be attributed to fair value and foreign exchange gains, totaling approximately N628.9 billion, compared to N335.5 billion in the previous year.
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