Access Holdings Plc saw its market value fall by nearly 5% on Tuesday as investors responded negatively to the company’s request for more time to release its first-half earnings report.
Figures from the Nigerian Exchange (NGX) showed that shares of the financial group, trading under the ticker ACCESSCORP, closed at N24.80 after 19.769 million units worth N495.253 million exchanged hands. Heavy sell-side activity pushed the company’s market capitalisation down by 4.98% to N1.322 trillion, which is 14.33% below its peak valuation over the past 52 weeks.
The stock has been volatile in recent weeks, moving within the range of N24.5 and N27.1, as investors awaited clarity on the bank’s earnings. Analysts noted that recent results from other top-tier lenders, which typically deliver strong financial performances, have raised concerns of possible earnings pressure for Access Holdings, Nigeria’s largest bank.
In a regulatory filing, the company requested an extension for the publication of its Interim Audited Financial Statements for the half year ended June 30, 2025, moving the deadline from September 29 to October 22.
The lender explained that the delay was necessary to allow it secure approval from the Central Bank of Nigeria (CBN). “In view of the foregoing, the NGX has approved a further extension of time for the Company to file the Results on or before October 22, 2025, subject to the Central Bank of Nigeria’s approval of the Results,” Access Holdings stated.
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