Date: = 09/10/2007 ||  7UP = 44.81 ||  ABCTRANS = 2.89 ||  ACADEMY = 5.5 ||  ACCESS = 21.5 ||  ADSWITCH = 3.46 ||  AFPRINT = 2.75 ||  AFRIBANK = 30.49 ||  AFROIL = 5.76 ||  AFRPAINTS = 1.01 ||  AGLEVENT = 3.13 ||  AIICO = 3.22 ||  AIRSERVICE = 18.5 ||  ALEX = 2.56 ||  ALUMACO = 2.65 ||  AP = 79.8 ||  ARBICO = 2.5 ||  ASHAKACEM = 50.5 ||  AVONCROWN = 4.23 ||  BAICO = 2.42 ||  BCC = 43.5 ||  BCN = 0.9 ||  BERGER = 7.02 ||  BETAGLAS = 16.5 ||  BOCGAS = 7.91 ||  CADBURY = 32.7 ||  CAP = 43.35 ||  CAPALBETO = 37.27 ||  CAPOIL = 0.81 ||  CCNN = 17.5 ||  CHELLARAM = 4.35 ||  CHEVRON = 145 ||  CILEASING = 5 ||  CONOIL = 53 ||  CONTINSURE = 3.04 ||  CORNERST = 3.52 ||  COSTAIN = 20 ||  CRUSADER = 4.28 ||  CUSTODYINS = 3.16 ||  CUTIX = 21 ||  DANGSUGAR = 35.5 ||  DIAMONDBNK = 17.15 ||  DNMEYER = 8.7 ||  DUNLOP = 2.99 ||  ECOBANK = 8.88 ||  EKOCORP = 7.49 ||  ELLAHLAKES = 2.92 ||  EPICDYNAM = 0.38 ||  EQUITYASUR = 1.79 ||  ETERNAOIL = 17 ||  ETI = 173.25 ||  EVANSMED = 7.25 ||  FCMB = 17.45 ||  FIDELITYBK = 11.99 ||  FIRSTALUM = 2.02 ||  FIRSTBANK = 40.5 ||  FIRSTINLND = 10.6 ||  FLOURMILL = 77.99 ||  FOOTWEAR = 2.26 ||  GLAXOSMITH = 17.11 ||  GNI = 3.8 ||  GUARANTY = 29 ||  GUINEAINS = 1.94 ||  GUINNESS = 126 ||  IBTC = 14.3 ||  IKEJAHOTEL = 7.14 ||  INTENEGINS = 2.44 ||  INTERCONT = 26 ||  INTERLINK = 1.8 ||  IPWA = 3.4 ||  JAPAULOIL = 6.02 ||  JBERGER = 57.29 ||  JOHNHOLT = 3.8 ||  JULI = 0.68 ||  LASACO = 2.89 ||  LAWUNION = 3.17 ||  LINKASSURE = 2.55 ||  LIVESTOCK = 2.99 ||  LONGMAN = 13 ||  MAYBAKER = 10.89 ||  MBENEFIT = 3.1 ||  MOBIL = 158.98 ||  NAHCO = 22.81 ||  NAMPAK = 8.37 ||  NASCON = 16.9 ||  NB = 43.6 ||  NBC = 54.5 ||  NCR = 4.2 ||  NEIMETH = 3.67 ||  NEM = 2.84 ||  NESTLE = 210 ||  NIG-GERMAN = 16.7 ||  NIGERINS = 4 ||  NIWICABLE = 3.3 ||  OANDO = 76.5 ||  OASISINS = 2.02 ||  OCEANIC = 33 ||  OKITIPUPA = 1.95 ||  OKOMUOIL = 27 ||  PHARMDEKO = 5.15 ||  PLATINUM = 30.27 ||  PREMPAINTS = 1.11 ||  PRESCO = 9.5 ||  PRESTIGE = 6.3 ||  PZ = 23 ||  RAKUNITY = 0.31 ||  ROYALEX = 3.89 ||  RTBRISCOE = 27.99 ||  SCOA = 2.59 ||  SKYEBANK = 14.6 ||  SOVRENINS = 3 ||  STACO = 2.57 ||  STDINSURE = 3.87 ||  STERLNBANK = 7.55 ||  THOMASWY = 3.6 ||  TOTAL = 153 ||  TOURIST = 2.81 ||  TRANSCORP = 4 ||  TRANSEXPR = 0.78 ||  TRIPPLEG = 5.2 ||  UAC-PROP = 22 ||  UACN = 38.63 ||  UBA = 53.08 ||  UBN = 42.91 ||  UNHOMES = 6 ||  UNIC = 3.15 ||  UNILEVER = 17.01 ||  UNIONDICON = 8.56 ||  UNITYBNK = 5.8 ||  UNTL = 2.8 || 
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News
Date Posted: 14-08-2007 07:44:06
INVESTORS SWOOP ON ACCESS BANK\'S PUBLIC OFFER (ThisDay Newspapers)
As the Access Bank N70 billion offer for subscription of 4,721,839,130 units of Access Bank Shares at N14.90k for very 50k share enters its third week, Nigerians have continued to scramble for the Bank ’s offer. The tremendous patronage enjoyed by the Bank ’s offer from Investors may not be unconnected with the phenomenal growth recorded by the Bank in the last five years. This gesture is a demonstration of Confidence in the Bank ’s Management propelled by the institution’s strings of achievements and the potentials for growth. Over the last five years, Access Bank has risen steadily to emerge as one of the most successful banks in Nigeria and indeed Africa . The Bank has emerged as the fastest growing Bank in Nigeria having consistently recorded a three digit growth rate in its Asset over the last five years. The Bank is a product of a Corporate restructuring exercise which commenced in March 2002 with the setting of a 13-point transformation agenda that was accomplished at the 2007 target date. These agenda included positioning the Bank as a reference point for service delivery in Nigeria , make it an employer of choice for Nigeria ’s best and brightest professionals, turn it to a model for compliance in the Industry , position it as a reference point for Technology in Nigeria , make it the preferred Bank in relationship with multinational and foreign Financial institutions, attain “ A” risk rating and position it as one of the top three foreign Exchange and money market banks in Nigeria . Access Bank is the 8th biggest Bank in Nigeria and is set to redefine the Nigerian banking landscape through its acknowledged innovativeness and ingenuity. The Bank is set in the next five years to rank amongst top three Financial Services Group in Nigeria , become the employer of choice in Africa , attain “AAA” Agusto & Co Rating, A+ Fitch, S &P Rating (Bank), be the leading e-Business Bank in Africa , rank amongst the top three Banks Stocks in any Exchange where it is listed, be the best treasury & Financial markets Bank in Africa , be the reference point for service delivery in African Financial institutions, be the reference point for Corporate governance in Africa and be a leading project & structured Finance Bank in Africa . Based on the Bank ’s track record, analysts Are of the opinion that the target set for the next five years by the Bank will be accomplished before the target year and urged Investors to take advantage of the opportunity presented by the Public offer to buy into Access Bank PLC . They added that the Bank ’s offer would be over subscribed and shareholders’ Value will be greatly enhanced because the offer will usher the Bank to an unequalled Industry leadership position that will make it a role model for other Financial institutions in Africa and beyond.
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