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    Access Holdings to Raise N40bn in Private Placement

    Olu AnisereBy No Comments1 Min Read
    Access Holdings to Raise N40bn in Private Placement

    Access Holdings to Raise N40bn in Private Placement

    Access Holdings Plc has revealed a plan to raise N40 billion via private placement, according to details from its emergency meeting notice sent to shareholders.

    The financial services group with shares outstanding totalling 53.317 billion valued at N1.119 trillion on the Nigerian Exchange (NGX) seeks to raise its capital.

    Details from its emergency shareholders meeting revealed that the group plans to increase its issued share capital from N26,658,919,216.50 to N27,646,573,537 by the creation and addition of 1,975,308,641 shares.

    That the Board of Directors seeks authorisation to allot the new ordinary shares created in connection with the private placement, at a price of N20.25.

    The transaction is subject to approvals of the relevant regulatory authorities including the Central Bank of Nigeria, the Securities and Exchange Commission and the Nigerian Exchange Limited as well as complying with the directive(s) of any relevant regulatory authority. #Access Holdings to Raise N40bn in Private Placement#

    Access Holdings Profit Falls by 23% to N215.916bn in H1-2025

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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