Access Holdings Plc, Nigeria’s largest lender by assets, is done with acquisitions and now focused on entering a consolidation phase, marking the second stage of its ambitious five-year strategy aimed at becoming Africa’s most respected bank. This is coming after completing 20 acquisition deals between 2002 and 2025 that saw the financial services group aggressively expand its footprint across the continent and beyond through a series of mergers and acquisitions.
Aigboje Aig-Imoukhuede, chairman of the financial conglomerate, told investors and shareholders in a meeting that he wants the group to be compared to South Africa’s Standard Bank rather than Nigerian rivals. He admitted that years of expansion diluted earnings per share and weighed on returns despite rapid growth.
“Our ambition was not for you to see our performance through the lens of Access is a great bank and compare us to GTCO or Zenith,” Aig-Imoukhuede told journalists after Access Holdings’
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