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Nigeria’s Access Holding Company eyes US$1.5 billion share or bond sale

March 28, 2024 BUSINESS Comments Off on Nigeria’s Access Holding Company eyes US$1.5 billion share or bond sale

Nigeria’s Access Holding Company plans to seek a shareholders vote next month for approval to launch a capital raising program of US$1.5 billion via a share sale or bond offering, it said in a notice ahead of the vote.

The Access holding company, which owns Access Bank, Nigeria’s biggest lender, said it will also ask existing shareholders to raise 365 billion naira (US$257.93 million) through a rights issue at a meeting set for 19 April.   Nigeria’s Access Holding Company plans to seek a shareholders vote next month for …

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