Economy
Access Bank Sells $50m 5-Year Green Bond for Sustainable Projects
By Dipo Olowookere
One of the leading financial institutions in Nigeria, Access Bank Plc, has sold green bonds worth $50 million to investors interested in funding sustainable projects across the world.
The transaction was confirmed by the parent company of the lender, Access Holdings Plc, in a notice filed to the Nigerian Exchange (NGX) Limited.
In the disclosure signed by the company secretary, Mr Sunday Ekwochi, Access Holdings stated that the senior unsecured debt instrument has a five-year tenor, maturing on May 3, 2027.
According to the firm, the notes would be used for projects that meet the “criteria set out in the bank’s green financing framework dated November 18, 2021.”
This is not the first time Access Bank is approaching the debt market to raise funds for projects that are friendly to the environment.
In March 2019, the tier-one banking institution sold N15 billion worth of green bonds to investors at 15.50 per cent for a 5-year tenor. They were subsequently listed on the NGX, FMDQ Securities Exchange and the Luxembourg Stock Exchange (LuxSE).
More than three years after, the company is coming again to raise funds for green projects, though not in local currency.
In the statement, Access Holdings said this new issue, which was executed through a private placement, is under the bank’s $1.5 billion Global Medium Term Note Programme and will be listed on the London Stock Exchange (LSE).
“We write to notify the NGX that our banking subsidiary, Access Bank Plc, has concluded the sale of a $50 million step-up green notes due 2027 under its $1.5 billion Global Medium Term Note Programme through a private placement,” a part of the notice said.
”The notes will be issued in registered form with a settlement date of May 3, 2022, and maturity date of May 3, 2027,” it added.
“The net proceeds from the issuance of the notes will be used by Access Bank for the financing or refinancing, in part or in full, new and/or existing projects and assets meeting the eligibility criteria set out in the bank’s green financing framework dated November 18, 2021,” it explained.
“The notes will also be listed on the London Stock Exchange and registered under the Reg S rules,” Access Holdings further stated.
It confirmed that, “Access Bank’s regulator, the Central Bank of Nigeria (CBN), has given its No Objection and approval to the transaction,” assuring that the investing community would be “apprised of further developments as they occur.”
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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