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The Central Bank of Nigeria has granted approval in principle to Access Holdings Plc, the parent company of Access Bank, to establish Oxygen X Finance Company Limited, a consumer lending subsidiary.
Access Holdings has gotten the Central Bank of Nigeria’s approval-in-principle which allows it to establish a consumer lending subsidiary in the country
The final operating licence that will set the subsidiary running is now expected fromthe Central Bank of Nigeria, Access Holdings said in a note to the Nigerian Exchange.