Access Holdings Adds ₦21.4bn in Fresh Equity on the NGX, Pushing Market Cap Past ₦1.41tn

The Nigerian Exchange has introduced 1.06 billion new ordinary shares of Access Holdings Plc, reflecting the company’s growth and commitment to its shareholders after a private placement by the financial services group.

Details of the Listing

The NGX, in its weekly market report, admitted 1,057,958,025 ordinary shares of 50 kobo each. The shares were listed on Wednesday, 8 April 2026.

They form part of a larger offer of 1.98 billion units at N20.25 per share. The listed portion represents 53.54% subscription, raising N21.4 billion for the company.

Access Holdings initially sought to raise N39.9 billion from the exercise.

Impact on Share Structure and Valuation

The listing increases the company’s total issued and fully paid shares from 53.32 billion to 54.38 billion units.

With the stock trading around N26 per share, the group’s market capitalisation now stands at approximately N1.41 trillion. This is up from N1.38 trillion before the listing.

Background and Performance

Shareholders approved the plan to raise N40 billion in fresh equity at an Extraordinary General Meeting in December 2025.

The new capital injection comes amid strong investor interest. Access Holdings’ stock has gained 23.81% year-to-date in 2026.

The share price has risen from an opening price of N21 this year to N26 as of the week ended 10 April 2026.

This follows an 11.95% decline in the stock’s value during the 2025 trading year.

The company is yet to release its audited 2025 financial statements. Its latest report is the nine-month results for 2025, showing a pre-tax profit of N616 billion.

Access Holdings, traded under the ticker ACCESSCORP, remains one of the most liquid stocks on the NGX