The Business NG - October 03, 2025

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Editorial Focus: Access Holdings’ Delayed Q2 Results Spark Concerns

Access Holdings’ delay in releasing its Q2 2025 half-year financial results is attracting sharp investor scrutiny, raising questions about transparency and operational discipline. The bank, once praised for timely disclosures under the late Herbert Wigwe, has missed the expected reporting window, triggering concerns over compliance with the Securities and Exchange Commission (SEC) and the Nigerian Exchange Limited (NGX).

Analysts warn the delay may reflect challenges in consolidating the bank’s cross-border acquisitions in Kenya, Mozambique, South Africa, and Angola, each with unique regulatory and accounting frameworks. The lack of timely reporting leaves investors uncertain about capital adequacy, risk exposure, and earnings outlook, even as the group posts growth in net interest margins, non-interest income, and deposits.

While Access Holdings remains undervalued compared to peers, weak investor communication is eroding confidence. The board must restore transparency to reassure the market and align its Pan-African ambitions with strong governance.