⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Access Holdings Plc, the parent company of Nigeria’s biggest bank by assets, is preparing to raise approximately $1.8 billion to expand its operations over the next four years, with the goal of becoming one of the largest lenders on the continent. The bank aims to raise $1.5 billion or the naira equivalent through the issuance of shares, bonds, or other instruments as part of a five-year growth plan. This plan was communicated to investors during a conference call in Lagos, Nigeria’s commercial capital. Additionally, Access plans to raise up to 365 billion naira ($257 million) by offering shares to existing investors.