The Central Bank of Nigeria has unveiled guidelines to regulate international money transfer services in the country. The 19-page document, posted on the central bank website on Wednesday, is meant to ensure that money transfer services companies, agents, banks, and all those engaged in the provision of international money transfer […]

(Fitch Ratings released this statement ) Fitch Ratings-London-18 June 2014: Fitch Ratings has assigned Access Bank’s (Access; B/Stable) USD400m subordinated debt (Tier 2 notes) a final rating of ‘B-‘ and Recovery Rating of ‘RR6’. The notes, issued directly through the bank, have a coupon set at 9.25% and mature on […]

Access Bank Plc yesterday launched a highly successful $400 million seven-year Tier 2 capital issuance, which is callable at the end of five years. This transaction follows the bank’s highly successful $350 million five-year senior debt issued in 2012. The bank recently got shareholders’ approval to raise $1 billion capital […]