the company will utilise the N351 billion raised through rights issue to fund banking and fintech businesses.
Access Holdings intends to infuse capital into Access Bank after the Central Bank of Nigeria required banks to increase their capital base.an upward review of the minimum capital requirements for commercial, merchant and non-interest banks. “Access Holdings’ shareholders had at its 2nd annual general meeting , which held on Friday, April 19, 2024, unanimously backed its plan to execute a capital raising programme of about US$1.5 billion as well as the subset initiative to raise capital through a Rights Issue of ordinary shares to its shareholders,” the company said.
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