Access Bank raises N351 billion, aiming for expansion in Morocco, Egypt, and the U.S. by 2027.

Access Bank in Nigeria has raised N351 billion through a successful rights issue, exceeding the Central Bank of Nigeria's minimum capital requirement for international banks. This funding will boost the bank's capital by 20%, enabling expansion into new markets like Morocco, Egypt, and the U.S. The bank aims to double its assets outside Nigeria by 2027 and is now better positioned for sustainable growth and innovation.

3 months ago
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