Access Bank gets Shareholders’ approval to raise $415 million via rights issue

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Access Bank has won shareholders’ approval to raise up to 68 billion naira ($415 mln) in fresh equity via a rights issue to bolster its capital base, the bank said on Monday.

At a shareholders’ meeting on Monday the top tier lender said it will issue 7.64 billion shares at 8.90 naira each to existing shareholders.[buisness day]