Access Bank to Divest Overseas Stakes to Meet CBN’s 10% Capital Rule
Access Holdings Plc will sell portions of its foreign subsidiaries to comply with the Central Bank of Nigeria’s new cap of 10% on overseas investments. The bank holds 19.4% in its foreign units and plans divestments within a 12-month window, while retaining control and value creation. This follows its post-2016 expansion into 24 countries and a pause on new acquisitions last year. It is also considering refinancing a $500 million Eurobond due in September and a $500 million perpetual bond due in October to extend debt maturities rather than shore up liquidity. For full-year 2025, profit after tax rose by 15.6% to ₦743 billion, supported by higher interest income and fee gains. However, impairments more than doubled and comprehensive income fell by 58%, leading to no dividend payout.
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