**Lagos, Nigeria** – E be like say Access Holdings, wey dey manage Access Bank, don plan to raise about N40 billion. Wetin dem wan do? Dem go hold one virtual Extraordinary General Meeting to gather shareholders’ approval. This gist come out for their corporate filing wey drop for Nigerian Exchange Limited on Thursday. E no dey funny, abi?
Last December, Access Holdings don already raise N351.01 billion. This one make dem bank, Access Bank Plc, first one wey don meet the Central Bank of Nigeria (CBN) minimum capital of N500 billion ahead of the March 2026 deadline. Na serious matter o!
The management spill some tea say: “In compliance with Companies and Allied Matters Act, 2020, Investments and Securities Act, 2025, and all those paperwork wey dey bore pass your school fees receipt.”
According to dem, dem dey plan to increase their current share capital from N26.66 billion to about N27.64 billion by creating 1.9 billion new shares. Na wah! Dem also plan to sell these shares at N20.25 each. This price dey cheaper pass the N21 wey dem close on Thursday. I hope shareholders go gree for this one o!
Access Holdings also talk say dem go need approval to share the new shares wey dem create during this private placement. Wetin you sabi? Some investors fit jump at this opportunity, if dem catch the gist sharp sharp.
Oluwakemi, one Senior Correspondent wey dey work with The PUNCH, don dey report dis capital market saga for over 10 years. Na where you go see plenty hot gists wey she dey cover. If you no sabi, now you sabi!
As e be, na so the company dey push to increase funding wey go support their growth and meet up with the bank’s capital requirements. Dem no wan fall hand, and we no wan hear say dem no fit carry financial burden again. Na Nigeria we dey, we no fit afford that kind wahala.
So, make everybody dey watch as dis story go unfold. Na big move wey fit change the game for Access Holdings. Shareholders, make you ready to join dem for this virtual meeting. E go sweet if e work out well!
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