Access Holdings Plc has extended the duration of its rights issue, earlier scheduled to end on Wednesday, 14 August, by a week, allowing Nigeria’s biggest lender by assets more days to make up for the disruption caused by the nationwide protests against the cost-of-living crisis to its bid to raise N351 billion in fresh capital.
The lender is conducting the rights issue to raise capital buffers that will help it meet new recapitalisation requirements by the Central Bank of Nigeria.
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