The Nigerian Exchange (NGX) has admitted 1,057,958,025 additional ordinary shares of Access Holdings Plc to its daily official list, following the company’s recent capital-raising exercise.
According to the Exchange’s weekly market report for the period ended April 10, 2026, these newly listed shares of 50 kobo each were issued via a private placement at a price of N20.25 per unit.
This strategic equity injection successfully raised N21.4 billion, representing approximately 53.54% of the bank’s projected N39.9 billion target.
The admission of the subscribed units, which took place on Wednesday, April 8, 2026, has significantly expanded the group’s share capital base.
Specifically, the total issued and fully paid shares of Access Holdings have increased from 53,317,838,433 to 54,375,796,458 ordinary units.
This expansion in the share count has directly impacted the company’s market valuation. Based on the recent trading price of N26 per share, the market capitalization of Access Holdings has ascended to N1.41 trillion, up from N1.38 trillion prior to the listing.
The successful subscription reflects growing investor confidence, particularly as the stock has demonstrated a robust year-to-date gain of 23.81% in 2026, rebounding from a slight dip in the previous fiscal year.
Market data reveals that Access Holdings remains one of the most liquid stocks on the Nigerian Exchange, with over 3.8 billion units traded so far this year.
While the market awaits the publication of the audited 2025 financial statements, the most recent nine-month results showed a pre-tax profit of N616 billion, marking a 10.4% year-on-year increase. With its capital adequacy bolstered by this private placement, the tier-one lender appears well-positioned to sustain its growth trajectory within the Nigerian banking sector.