Access Holdings rights issue success boosts capital base despite sector challenges

Access Holdings Plc has successfully concluded its rights issue, raising ₦370.41 billion despite regulatory challenges, including the disqualification of 41.65 million shares by the Central Bank of Nigeria. The oversubscribed offering demonstrates strong investor confidence in Nigeria’s largest bank by assets. The bank's gross earnings surged by 114.5% to ₦3.4 trillion in the first nine months of 2024. In this discussion, Nabila Mohammed, Research Analyst at Chapel Hill Denham, addresses key questions surrounding the rights issue, its implications for the banking sector, and Access Holdings' plans for growth amidst regulatory challenges.
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