Angola: Access Holdings Considers Foreign Market Exit Amid CBN Rules

Access Holdings Plc, Nigeria’s largest lender by assets, is considering exiting at least one of its foreign markets.

This strategic review aims to comply with new Central Bank of Nigeria (CBN) regulations limiting banks’ equity investments in overseas subsidiaries. Chairman Aigboje Aig-Imoukhuede disclosed this last week at the African Financial Industry Summit in Luanda, Angola. The banking group has identified at least one underperforming subsidiary for potential disposal as part of these…