Nigeria's biggest lender Access Holdings reported a fourfold acceleration in net profit that took bottom line to an unprecedented peak of N619.3 billion last year, according to the financial services group's audited accounts issued Wednesday.
The jumbo climb in after-tax profit resulted from a dramatic improvement in gross earnings, which advanced 87 per cent to N2.6 trillion, also a record level.
The feat was recorded during the organisation's last financial year under the leadership of Herbert Wigwe, the shrewd CEO who died in the US last month after years in the front line of the group's aggressive mergers acquisitions push in and outside Nigeria.
