Access Holdings Plc, the holding company of Nigeria’s largest bank by assets, Access Bank Plc, has surpassed CBN’s regulatory threshold.
It announced that it has secured the full regulatory approvals of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) for its recently closed Right Issue of 17.7 billion Ordinary Shares of 50 Kobo each at ₦19.75 Kobo per share, raising the target amount of N351 billion.
This milestone has positioned Access Bank Plc as the first bank in Nigeria to meet and exceed the CBN’s ₦500 billion minimum capital requirements for Banks with International Authorisation, well ahead of the March 2026 regulatory deadline.
With this achievement, the Bank’s share capital will increase to ₦600 billion, ₦100 billion above the regulatory minimum requirement.
Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.