Access Holdings Plc has met the CBN’s ₦500 billion capital requirement ahead of 2026, raising ₦351 billion through Nigeria’s first fully digital rights issue.
Access Holdings Plc has secured regulatory approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) for its recently concluded Rights Issue.
As a result, the offering successfully raised ₦351.009 billion by issuing 17.77 billion Ordinary Shares of 50 Kobo each at ₦19.75 per share.
Access Bank Meets ₦500 Billion Capital Requirement Early
Consequently, Access Bank Plc, the flagship subsidiary of Access Holdings, has become the first Nigerian bank to meet the CBN’s ₦500 billion minimum capital requirement for banks with international authorisation.
Notably, the bank reached this milestone well ahead of the March 2026 deadline.
With this success, the bank’s share capital now increases to ₦600 billion, surpassing the regulatory minimum by ₦100 billion.
Furthermore, Access Holdings made history as the first CBN-licensed financial holding company to execute a fully digital Rights Issue.
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By utilising the NGX E-offer platform, the company provided shareholders with a seamless and inclusive subscription experience.
This move significantly lowered barriers and, in doing so, set a new benchmark for the Nigerian equity capital market.
Commenting on the achievement, the Chairman of Access Holdings, Aigboje Aig-Imoukhuede, stated: “The Access brand has always resonated strongly with both local and international capital markets.
“This Rights Issue highlights the resilience of Nigeria’s capital market and reinforces shareholder confidence in our company’s value and potential”.
In addition, he expressed gratitude to the CBN, SEC, and the company’s shareholders, whose support had remained steadfast for over 22 years.
“With our enhanced capital base, we are now well-positioned to deliver sustainable value for our stakeholders as we enter the new year,” he added.
Ultimately, this accomplishment strengthens Access Holdings’ position as an industry leader, paving the way for continued growth and innovation.
