Reported 29 days ago
Access Bank, Nigeria’s leading lender, plans to sell dollar-denominated securities in the local market to support its expansion and comply with new capital regulations by the central bank. The bank aims to issue two tranches targeting development financial institutions and the wider market, with plans to finalize the first tranche by mid-2025. As the naira continues to depreciate significantly, Nigerian investors have increasingly turned to dollar assets to safeguard their funds.
Source: YAHOO