Access Holdings Plc has announced a potential delay in releasing its audited financial statements for the year ending December 31, 2024, due to pending approval from the Central Bank of Nigeria (CBN). The company submitted the financial statements to the CBN for review, a prerequisite before public disclosure.
Public holidays have further impacted the review process, making it unlikely for Access Holdings to meet the extended filing deadline with the Nigerian Exchange Limited (NGX). Consequently, the NGX has granted an additional extension, allowing the company to file the results on or before April 20, 2025, subject to CBN’s approval.
In the interim, Access Holdings has reminded its insiders that the earlier declared closed period remains in effect until 24 hours after the financial statements are released to the public.
This situation is not unique to Access Holdings. Other financial institutions, such as Stanbic IBTC, have also experienced delays in releasing their financial statements due to pending CBN approvals. citeturn0search7
Despite the delay, Access Holdings has demonstrated robust financial performance in previous quarters. For instance, in the third quarter of 2024, the company reported a pre-tax profit of ₦209.2 billion, a 65.01% increase compared to the same period the previous year.
Stakeholders and investors are advised to stay informed through official communications from Access Holdings regarding the eventual release of the 2024 audited financial statements.
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