Access Bank Plc, the flagship banking subsidiary of Nigerian financial services group Access Holdings Plc, chaired by Nigerian banker and investor Aigboje Aig-Imoukhuede, has redeemed its $500 million senior unsecured Eurobond, which matured on September 21, 2026, after 5 years.

The redemption marks the full repayment of the five-year debt instrument issued in September 2021 at a coupon rate of 6.125%, and comes as the bank continues to manage its foreign-currency liquidity and funding obligations.

Access Bank settles $500 million debt

The bank funded the redemption entirely from its own foreign-currency liquidity resources, in line with its asset-liability management framework and the maturity profile established when the Eurobond was issued. And since the Eurobond was issued, the bank has met all semi-annual coupon payment obligations as they fell due.

Access Bank added that the repayment has been incorporated into its liquidity management framework and will have no adverse impact on its operations or regulatory liquidity requirements. The redemption discharges Access Bank’s outstanding obligations under the instrument and underscores its approach to managing funding commitments and foreign-currency liquidity.

Roosevelt Ogbonna, managing director and CEO of Access Bank, said the repayment demonstrates the strength of the bank’s funding position and its balance-sheet management.

“Meeting this maturity from our own balance sheet affirms the strength of our funding position and the discipline with which we manage our capital and liquidity,” Ogbonna said.

Access Bank strengthens risk management leadership

The Eurobond repayment comes as Access Bank strengthens its senior risk-management leadership. Effective September 21, Access Bank appointed Ifedayo Olaniyi Orimoloye as executive director, risk management, following approval from the Central Bank of Nigeria.

Olaniyi Orimoloye, who was previously group chief risk officer at the African Development Bank, where he oversaw a portfolio exceeding $40 billion and supported the institution’s risk-management framework, brings more than 25 years of experience across financial institutions in Africa, Europe and the United States, with expertise spanning enterprise risk management, capital optimisation, credit governance, regulatory compliance and strategic transformation.

Before joining the African Development Bank, Orimoloye held senior risk-management positions at Sterling Bank, Ecobank Transnational, Wells Fargo, HSBC and Citigroup.

He holds bachelor’s degrees in economics and finance and an MBA in finance from California State University, Hayward.

Aigboje Aig-Imoukhuede, group chairman of Access Holdings, said Orimoloye’s appointment would strengthen Access Bank’s risk governance as the lender continues to expand.

The bank said it remains focused on maintaining a diversified funding base while supporting sustainable growth and long-term value creation across its markets.

Access Holdings’ financial backbone

Access Holdings capped off 2025 with a resilient performance, growing group profit by 15.49% year-on-year from N642.32 billion ($400.07 million) to N743 billion ($540 million). Total comprehensive income declined by xx% to N458.5 billion ($333.5 million) compared with N1.098 trillion a year earlier.

Total assets rose to N51.44 trillion ($37.33 billion) at the end of 2025 from N41.49 trillion ($30.1 billion) a year earlier. Shareholders’ equity increased to N3.88 trillion ($2.81 billion), while retained earnings climbed to N1.67 trillion ($1.21 billion).