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    ACCESS   NGACCESS0005

ACCESS BANK PLC

(ACCESS)
  Report
End-of-day quote. End-of-day quote Nigerian Stock Exchange - 07/27
9.4 NGN   +0.53%
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Access Bank : Rewards NYSC Members With N15 Million

06/18/2021 | 10:06am EDT

Access Bank Plc has rewarded serving members of the Nigeria Youth Service Corps (NYSC) with over N15 million in the third edition of the bank's youth business challenge competition, Accessprenuer.

The competition was held recently simultaneously across five NYSC camps in Abuja, Osun, Enugu, Nassarawa and Rivers States.

A statement from the bank stated that five top winners won N1 million each, while others were rewarded with consolation cash prizes totaling N10 million during the final business pitch of the contest for NYSC 2021 Batch A Stream II Orientation Course.

Winners of the N1 million star prize were Easngbedo Precious in Abuja camp; Nwakor Favour Alex in Osun; Olusanya Miracle in Rivers; Omoha arinze in Enugu, and Egbewole Abduljelli in Nassarawa camp.

Speaking on the Accessprenuer challenge initiative, Executive Director, Retail Banking, Access Bank Plc, Victor Etuokwu, said: "The challenge is aimed at promoting entrepreneurial aspirations among talented corp members. So far, the competition has proved to have a great impact on youth empowerment in the country as we received more entries during the current challenge.

"It is a way to support the young men and women who are just graduating from university to grow. We are also using this as an opportunity to imbibe the spirit of entrepreneurship among the youths whilst providing them with financial grants through this competition to grow them from job seekers to employers of labour."

The pilot phase of the Accessprenuer challenge competition by Access Bank was in partnership with the NYSC Skills Acquisition & Entrepreneurship Development took place across three states (Ogun, Enugu and Abuja) in February this year.

The scheme was designed to train corps members on business plan writing, after which a competition will be held to select the top winners with bright and feasible business ideas within the mandatory 21-day Camp orientation exercise.

Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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Financials
Sales 2021 584 B 1 421 M 1 421 M
Net income 2021 142 B 344 M 344 M
Net Debt 2021 - - -
P/E ratio 2021 2,69x
Yield 2021 8,74%
Capitalization 327 B 795 M 796 M
Capi. / Sales 2021 0,56x
Capi. / Sales 2022 0,51x
Nbr of Employees 6 781
Free-Float 95,4%
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Mean consensus BUY
Number of Analysts 11
Last Close Price 9,40 NGN
Average target price 11,67 NGN
Spread / Average Target 24,2%
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Managers and Directors
Herbert Onyewumbu Wigwe CEO, Executive Director & Group Managing Director
Ajoritsedere Awosika Chairman
Miabiye Tonye Koko Chief Information Officer
Adeolu Bajomo Executive Director & Executive Director-IT
Pattison Boleigha Chief Conduct & Compliance Officer