The Central Bank of Nigeria (CBN) has granted Access Holdings Plc, the parent company of Access Bank, a preliminary clearance to establish Oxygen X Finance Company Limited, a consumer lending subsidiary.
This development was announced in a company notice on the Nigerian Xchange (NGX) website which stated that the business will launch as soon as the CBN grants final permission.
In the disclosure signed by Sunday Ekwochi, Access Holdings’ Company Secretary, Oxygen X is expected to “make a positive impact on the financial landscape by providing innovative and seamless digital lending solutions to address distinct challenges faced by individuals and businesses.
