In an effort to support its growth and meet its capital needs, Nigeria's largest bank, Access Bank Plc plans to issue bonds denominated in dollars.

Le directeur général de Access Bank Plc , Roosevelt Ogbonna announced that the most Nigeria's largest bank in terms of assets, plans to issue bonds denominated in dollars on the domestic market in order to support its growth ambitions and meet the central bank's capital requirements. In fact, denominated bonds will be offered in two instalments. One for development finance institutions and the other for the free market, and are expected to be completed by mid-2024. The issuance of bonds by Access Bank is part of its strategy to double its non-Nigerian assets and become a leading African lender within five years. Access Bank's initiative reflects a broader trend of Nigerian businesses looking to hedge against the depreciation of the naira and earn favorable returns, amid currency volatility and rising demand for dollar assets