Access Bank to Exit CBN’s Forbearance by June 30 –Official
Access Bank says it is on track to comply with the CBN’s June 30 directive on regulatory forbearance while maintaining dividend plans. In a statement issued by its parent company, Access Holdings Plc, and signed by Company Secretary Sunday Ekwochi on Wednesday, the bank said it remains fully committed to the apex bank’s directive, which affects dividend payments, bonuses, and investment in foreign subsidiaries.
“The bank will comply with the apex bank’s directive by June 30, 2025, while maintaining strong capital buffers and paying dividends to its shareholders,” the statement said. Access Holdings also disclosed that Access Bank had already exceeded the CBN’s newly established capital threshold for international commercial banks.
“As of December 31, 2024, the company’s banking subsidiary, Access Bank Plc was the first bank to meet and exceed the Central Bank of Nigeria’s ₦500 billion minimum capital requirement for commercial banks with international authorization,” the company revealed.
The statement follows the CBN’s 13 June 2025 circular, which outlined new expectations regarding the Single Obligor Limit and other regulatory concerns in the banking sector.
“In accordance with the Central Bank of Nigeria’s directive… the Bank is currently compliant with the single obligor limit requirement as of the date herein and will continue to ensure adherence to this regulation,” the company added.
Access Holdings concluded by assuring investors of its “commitment to delivering sustainable value in the immediate and long term” and expressed appreciation for the trust and support of its shareholders.
The bank’s early compliance places it among the tier institutions preparing to operate under the CBN’s tightened regulatory regime aimed at strengthening the stability and resilience of Nigeria’s financial system. #Access Bank to Exit CBN’s Forbearance by June 30 –Official Nigeria Boosts Trade Surplus to N5.17trn as Imports Taper
