Access Bank Dollar Exchange Rate Today [2021]

Here is the daily update of the Access Bank exchange rate {Access bank dollar to naira exchange rate}. We listed the daily updates of the Access Bank exchange rate of the Nigerian Naira to other foreign currencies like the US Dollar, Euro, and Pounds. We would also give you a brief history of Access Bank. Below is the up to date Access Bank Exchange Rate;

Access Bank Dollar Exchange Rate Today Plus Euro Pounds {Updated}

access bank dollar to naira exchange rate today

The above exchange rate appears to be a little higher than the official rate set by the Central Bank of Nigeria for the Naira against other foreign currencies. This is because banks in Nigeria are given the free hand to add a little to their own exchange rate for these foreign currencies. Most of them set rates a bit higher than the official rates but lower than the black market exchange rate.

The Nigerian Naira is also obviously weak when being exchanged with most foreign currencies. This is largely due to the export problem being faced in the country as 90% of exports from Nigeria is crude Oil produce. This is not healthy for the economy of the country and also currencies and there is a need for diversification of the economy if there is to be an improvement in the value of the Naira.

Brief History Of Access Bank 

Access Bank Plc was established in the year 1989 and the bank started international expansion in the year 2007 they have since been able to transform themselves into a world-class African financial institution. Access Bank headquarters is located in Victoria Island, Lagos, Nigeria, and currently has over 300 branches across the country, the bank also has other branches in other countries around the globe which include the United Kingdom, Ghana, the Democratic Republic of Congo, Rwanda, Sierra Leone, Gambia, and Zambia

Access Bank is currently one of the five largest banks in Nigeria in terms of assets, loans, deposits, and branch network. In the year 2008, Access Bank acquired 88% of the shares of Omnifinance Bank and in the year 2012, they announced the conclusion of its acquisition of Intercontinental Bank. Access Bank became the first Nigerian Bank to partner the International Finance Corporation(IFC), an arm of the World Bank in the year 2006, and also was the first Nigerian bank to issue and use the Visa credit cards in the year 2007.

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