Access Holdings plc to Raise $1.8 Billion for African Expansion

Access Holdings plc to Raise $1.8 Billion for African Expansion

By
Oluwafemi Adekunle Ayodele
1 min read

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.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings