Access Bank Exceeds CBN’s N500 Billion Capital Target Ahead Of Deadline.
Access Holdings Plc has made history by becoming the first Nigerian bank to meet the Central Bank of Nigeria’s (CBN) N500 billion minimum capital requirement for banks with international authorisation, achieving this milestone well before the March 2026 deadline.
The company recently concluded a successful Rights Issue involving 17,772,612,811 Ordinary Shares of 50 Kobo each, priced at N19.75 per share, raising an impressive N351 billion. With this achievement, Access Bank Plc, the flagship subsidiary of Access Holdings, now boasts a share capital of N600 billion, surpassing the regulatory minimum by N100 billion.
This success also marks Access Holdings as the first CBN-licensed financial holding company to execute a fully digital Rights Issue, leveraging the NGX E-offer platform to enhance accessibility and streamline the subscription process for shareholders.
Chairman of Access Holdings Plc, Aigboje Aig-Imoukhuede, CFR, celebrated the achievement, stating:
“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.”
He expressed gratitude to the CBN and the Securities and Exchange Commission (SEC) for their support and highlighted the loyalty of the Company’s shareholders, which has been instrumental over the past 22 years.
With this strengthened capital base, Access Holdings Plc aims to deliver sustainable value to its stakeholders while continuing to drive innovation and sustainability in Nigeria’s financial sector. This achievement sets a new standard for other financial institutions to emulate and underscores the resilience and potential of the country’s capital market.
As the first to meet the capital requirement, Access Bank Plc has reinforced its leadership position, ensuring its readiness for future growth and expansion in the international banking arena.
