Banking & Finance

CBN Review May Delay Access Holdings Plc 2024 Audited Financial Statements Filing with NGX

Published by
Jeremiah Ayegbusi

Access Holdings Plc, Nigeria’s largest bank by assets, has issued an update regarding the publication of its Group Audited Financial Statements for the year ended December 31, 2024.

In a corporate disclosure dated March 28, 2025, and addressed to the investing public and the Nigerian Exchange Limited (NGX), the company revealed that the anticipated filing of its 2024 financial results may face delays due to ongoing regulatory review by the Central Bank of Nigeria (CBN).

The announcement follows an earlier notice on February 26, 2025, where Access Holdings Plc first hinted at potential challenges in meeting the NGX’s reporting timeline.

The company confirmed that the audited financial statements, have already been submitted to the CBN for approval. However, with public holidays potentially affecting the CBN’s review process, Access Holdings anticipates it may not meet the previously extended deadline for submission to the NGX.

This has prompted the company to secure an additional extension, allowing it to file the audited statement on or before April 20, 2025, contingent upon CBN approval.

Access Holdings Plc, emphasized its commitment to transparency despite the delay. The company noted that the extended timeline reflects the rigorous regulatory oversight required for its financial reporting, a critical factor for stakeholders monitoring its performance in Nigeria’s competitive financial sector.

Access Holdings Plc listed on the Nigerian stock exchange (NGX), will disclose its audited statements once the CBN concludes its evaluation, ensuring compliance with market regulations.

In line with corporate governance standards, Access Holdings Plc has reminded its insiders of the ongoing “Closed Period” for transactions involving its securities.

This restriction, initially declared earlier, will remain in effect until 24 hours after the public release of the 2024 audited financial statements. The measure underscores the company’s efforts to prevent insider trading and maintain market integrity during this sensitive period.

Sunday Ekwochi, the Company Secretary, signed off on the announcement, reaffirming Access Holdings’ dedication to keeping investors informed. As one of Nigeria’s prominent financial institutions, the delay in publishing the 2024 financial results has drawn attention from market analysts and shareholders eager to assess the company’s performance amid evolving economic conditions.

Jeremiah Ayegbusi

Jeremiah Ayegbusi is an economist and former Academic Officer of the Nigerian Economic Students Association, Redeemer's University Chapter (NESARUN). He analyzes economic news and conducts research for long-form analysis, leveraging his strong academic foundation and passion for insights.

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