Access Holdings Plc has announced securing full regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) for its recently concluded Rights Issue.
The issue involved 17,772,612,811 Ordinary Shares of 50 Kobo each, priced at N19.75 per share, successfully raising N351,009,103,017.25.
This milestone positions Access Bank Plc, the Company’s flagship subsidiary, as the first Nigerian bank to meet the CBN’s N500 billion minimum capital requirement for banks with international authorisation, well ahead of the March 2026 deadline.
With this achievement, Access Bank’s share capital increases to N600 billion, exceeding the regulatory minimum by N100 billion.
Access Holdings Plc stands out as the first CBN-licensed financial holding company to execute a fully digital Rights Issue, leveraging technology to enhance accessibility to the equity capital market.
Using the NGX E-offer platform, the Company provided shareholders with a seamless, efficient subscription process, reducing barriers and expanding participation in the Rights Issue.
Commenting on the achievement, the Chairman of Access Holdings Plc, Aigboje Aig-Imoukhuede, CFR, remarked:
“The Access brand has consistently resonated with local and international capital markets. Since 2004, Access Bank has raised billions of dollars in capital to meet successive CBN recapitalisation directives. We are proud to be the first to achieve this milestone, reinforcing the resilience of Nigeria’s capital market and the trust of our shareholders in the Company’s potential.
“We deeply appreciate the invaluable support of the Central Bank of Nigeria and the Securities and Exchange Commission for their crucial roles in ensuring the integrity and success of this exercise.
“To our shareholders, your unwavering loyalty over the past 22 years inspires us. As we step into the new year, we are poised to leverage our strengthened capital base to deliver sustainable value to all stakeholders.”
“With this achievement, Access Holdings Plc reaffirms its commitment to innovation and sustainability, setting a new benchmark in Nigeria’s financial sector.”
