By Abubakar Yunusa
The Nigerian Exchange has announced the listing of 1,057,958,025 ordinary shares of 50 kobo each of Access Holdings Plc.
The disclosure was contained in the NGX weekly market report for the trading week ended 10 April 2025.
The Exchange stated that the shares formed part of 1,975,308,641 ordinary units offered through a private placement at N20.25 per share.
It noted that the exercise raised N21.4bn out of the projected N39.9bn.
According to the report, the 1,057,958,025 subscribed shares were admitted to the Exchange’s official daily list on Wednesday, 8 April 2026.
The listing has increased the company’s issued and fully paid shares.
The NGX said total shares rose from 53,317,838,433 to 54,375,796,458 ordinary units of 50 kobo.
At a recent trading price of N26 per share, Access Holdings’ market capitalisation climbed to N1.41tn from N1.38tn.
The Exchange added that the newly listed shares represented 53.54 per cent subscription of the total offer.
It clarified that only subscribed units were admitted to the official list.
Access Holdings had earlier secured shareholder approval to raise N40bn in fresh equity.
The approval was granted at an Extraordinary General Meeting held virtually on 18 December 2025.
The private placement, priced at N20.25 per share, saw 1,057,958,025 units taken up.
The development has supported the company’s valuation, buoyed by a 23.81 per cent year-to-date gain in 2026.
The company’s share price rose from N21 at the start of the year to N26 as of the week ended April 10, 2026.
Trading activity has remained strong, with over 3.8 billion units exchanged year-to-date.
This places the stock among the most liquid on the Exchange, alongside other tier-one banks.
In 2025, the company’s shares declined by 11.95 per cent, closing the year at N21 from an opening price of about N23.85.
However, investors appear to be taking advantage of the dip, reflected in the current upward trend.
Access Holdings is yet to release its audited 2025 financial statements.
Its most recent financials are the nine-month results released on October 30, 2025.
The report showed a pre-tax profit of N616bn, representing a 10.4 per cent increase from N558bn recorded in the corresponding period.
