Shares
in Nigeria’s Access Bank fell 8.2 percent on Thursday after the Nigerian Stock
Exchange (NSE) lifted a week old price freeze on the stocks, pending a proposed
shareholder vote on its N68 billion rights issue on October 13.
The
Nigerian Stock Exchange froze the bank’s shares last week after it said it
planned to raise fresh capital of about 68 billion nigerian naira ($415.95
million) in a rights issue, but Access applied to have the freeze lifted
because the information on the issue was
now widely available.
The
bank shares fell to 8.8 naira on by noon (1100 GMT) on Thursday.
Businessday
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