In its weekly report for the trading period ended April 10, 2026, the Exchange confirmed the listing of 1,057,958,025 ordinary shares of 50 kobo each. The shares were officially admitted to the daily official list on Wednesday, April 8, 2026, forming part of a broader private placement exercise by the financial group.
The newly listed shares were drawn from a total offer of 1,975,308,641 ordinary units priced at N20.25 per share. From this offer, the company raised N21.4 billion, representing just over half—53.54 percent—of its targeted N39.9 billion. Only the successfully subscribed shares were subsequently listed on the Exchange.
Share Capital and Market Value Increase
Following the listing, Access Holdings’ total issued and fully paid shares rose from 53.32 billion to 54.38 billion ordinary units. The increase in share count has also lifted the company’s market capitalization.
At a recent market price of N26 per share, the group’s valuation climbed to approximately N1.41 trillion, up from N1.38 trillion prior to the listing. The upward movement reflects both the additional shares and improved investor sentiment around the stock.
The capital raise traces back to shareholder approval granted at an Extraordinary General Meeting held on December 18, 2025, where the company received the green light to raise up to N40 billion through a private placement.
Strong Market Performance in 2026
So far in 2026, shares of Access Holdings have shown notable resilience. The stock has appreciated from an opening price of N21 to N26 as of the week ended April 10, representing a 23.81 percent year-to-date gain.
Trading activity has also remained robust, with over 3.8 billion shares exchanged so far this year. This places Access Holdings among the most actively traded equities on the Nigerian Exchange, alongside other tier-one banking stocks.
The current rally follows a weaker performance in 2025, when the stock declined by 11.95 percent, closing the year at N21 from an opening price of about N23.85. Investors appear to be taking advantage of that dip, contributing to the renewed upward momentum.
Financial Position and Outlook
The company’s most recent financial disclosure remains its nine-month results released on October 30, 2025. In that report, Access Holdings posted a pre-tax profit of N616 billion, marking a 10.4 percent increase from N558 billion recorded in the corresponding period of the previous year.
February 2026 has been the stock’s strongest month so far, delivering a return of 17.26 percent and reinforcing investor confidence in the group’s growth trajectory.
Trading under the ticker ACCESSCORP, Access Holdings remains a key member of Nigeria’s tier-one banking cohort, often grouped within the FUGAZ category—comprising the country’s leading financial institutions.