Access Bank Plc, the flagship subsidiary of Access Holdings Plc, has emerged as the first Nigerian bank to meet the Central Bank of Nigeria’s (CBN) new N500 billion minimum capital requirement for banks with international authorization. This achievement comes well ahead of the March 2026 deadline.
Through a successful Rights Issue involving 17,772,612,811 ordinary shares of 50 kobo each, priced at N19.75 per share, Access Bank raised an impressive N351.01 billion. The move increased its share capital to N600 billion, exceeding the regulatory minimum by N100 billion.
Access Holdings Plc also broke new ground as the first CBN-licensed financial holding company to execute a fully digital Rights Issue. Utilizing the NGX E-offer platform, the process provided shareholders with a streamlined and efficient subscription experience, enhancing accessibility and broadening participation in the equity capital market.
Reflecting on this milestone, Aigboje Aig-Imoukhuede, CFR, Chairman of Access Holdings Plc, stated:
“The Access brand has consistently demonstrated its strength and reliability in local and international capital markets. Since 2004, Access Bank has successfully raised billions of dollars in capital to comply with CBN recapitalization directives. We are proud to be the first to achieve this historic milestone, highlighting the resilience of Nigeria’s capital market and the unwavering trust of our shareholders.”
He expressed gratitude to the CBN and the Securities and Exchange Commission for their pivotal roles in ensuring the integrity and success of the exercise. He also acknowledged the loyalty of shareholders, pledging to leverage the bank’s strengthened capital base to deliver sustainable value to all stakeholders.
This achievement cements Access Holdings Plc’s reputation for innovation and sustainability, setting a new standard for Nigeria’s financial sector. It underscores the company’s commitment to pioneering advancements in the industry while reinforcing confidence in the resilience of the nation’s capital market.
