The strategic benefits of Access Holdings’ rights issue for investors …C0NTINUE READING HERE >>>
The Central Bank of Nigeria (CBN) on March 28, 2024,announced a two-year bank recapitalisation exercise, which commenced on April 1, 2024, and is expected to end on March 31, 2026. In line with this development, Access Holdings Plc, one of Nigeria’s largest financial institutions, had announced plans to raise a staggering N351 billion through a rights issue.
The company has a capital raising programme of $1.5 billion, planned to be executed via equity, quasi-equity, and debt issuances….
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