Access Holdings Plc has announced that its banking subsidiary, Access Bank Plc, has successfully met and exceeded the Central Bank of Nigeria’s (CBN) new capital requirement of ₦500 billion for commercial banks with international authorisation, positioning it as a leader in the country’s evolving financial landscape.
The disclosure follows a recent letter from the CBN, referenced BSD/DIR/COM/LAB/018/008 and dated June 13, 2025, which outlines temporary regulatory forbearance on the Single Obligor Limit and certain credit facilities.
The apex bank also directed affected institutions to suspend dividend payments, bonuses, and foreign subsidiary investments during the forbearance window.
Access Holdings, in a formal statement to the Nigerian Exchange and the investing public, affirmed that Access Bank Plc is fully compliant with the Single Obligor Limit regulation as of December 31, 2024.
The Bank also confirmed that it remains in line with CBN directives and is working towards meeting all outstanding conditions related to credit facility forbearance by the June 30, 2025 deadline.
“The Bank’s early compliance with the new capitalisation threshold underscores its strong financial position, prudent risk management practices, and strategic readiness for future growth,” the statement read.
Despite the temporary regulatory restrictions, Access Bank reassured its shareholders of continued dividend payments and a robust capital buffer, reinforcing its commitment to sustainable value creation.
“As always, we remain dedicated to delivering long-term value to our shareholders and stakeholders, and we are deeply grateful for their continued trust and support,” the company said.
This development comes amid the CBN’s broader reform strategy to strengthen Nigeria’s banking sector, enhance financial stability, and ensure that banks are better positioned to support the economy through increased lending capacity and global competitiveness.
Access Bank’s proactive capital raising and compliance efforts signal strong investor confidence and align with its growth trajectory as one of Africa’s leading financial institutions.