- Through a rights issue, Access Bank Plc, Nigeria’s biggest lender by assets, raised N351 billion ($228 million)
- Its new capital is 20% over the bare minimum required for foreign banks operating in the West African country
- The bank also stated that both the CBN and the SEC have approved the fresh capital influx with their regulatory licenses
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
Access Bank Plc, the largest lender in Nigeria by assets, raised N351 billion ($228 million) in a rights sale to raise its capital over a new regulatory level as it commences its expansion strategy.
