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.
Tags:
Related Posts
By
Midwestern Oil & Gas appoints Ufuoma Oghene as new COO
Midwestern Oil & Gas Company Limited is pleased to announce the appointment of Ufuoma Oghene as its new…
GTBank Kenya names Irene Irungu as Acting Managing Director
Guaranty Trust Bank (Kenya) Limited has appointed Ms Irene Irungu as Acting Managing Director, placing an experienced risk…
APA Apollo acquires majority stake in Tanzania’s Meticulous Insurance and Metro Life
APA Apollo Group has completed the acquisition of a majority shareholding in Meticulous General Insurance Company Limited and…
Gallery
