ACCRA (Reuters) – Access Bank Ghana launched an initial public share offer on Monday, aimed at raising at least 104 million cedis ($26 million) for the lender, which is a subsidiary of Access Bank of Nigeria.
The offer follows approval from Ghana’s Security and Exchange Commission and the Ghana Stock Exchange, with the offer open from Wednesday until Nov. 11, the bank said in a statement.
“We are seeking to expand our operations by making new investments in branch expansion, robust technology and other infrastructure,” said Access Bank Ghana Managing Director Dolapo Ogundimu.
The launch reflects a drive by subsidiaries of Nigerian banks to seek fresh sources of funding given the weakness of its own economy due to low oil prices.
($1 = 3.9680 Ghana cedis)
(Reporting by Matthew Mpoke Bigg, with additional reporting by Chijioke Ohuocha in Lagos; Editing by Greg Mahlich)
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
Watch, leave your comments, and share to create more awareness on this issue.
#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com