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Herbert Wigwe, one of Nigeria’s most influential banking executives and the group managing director and CEO of Access Holdings, has witnessed a substantial surge in the value of his stake in the leading financial services group.
According to data tracked by Billionaires.Africa, the market value of Wigwe’s stake in Access Holdings has increased by N6.14 billion ($7.99 million) in just ten days, signifying a sustained interest in the group’s shares on the Nigerian Exchange.
This remarkable gain follows closely on the heels of a $2.7 million increase he recorded in his shares between Aug. 17 and Sept. 5, bolstering his position as one of the country’s most affluent banking executives.
Access Holdings, a major player in Nigeria’s financial services sector, maintains active operations across 12 African countries and has been actively expanding its footprint in Africa and Europe. The group recently agreed to acquire the Sub-Saharan African subsidiaries of UK-based multinational bank Standard Chartered Bank.
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a substantial 9.09-percent stake in the lender, equating to 3,230,789,014 ordinary shares.
In recent weeks, Access Holdings shares on the Nigerian Exchange have experienced a robust increase of 10.75 percent, surging from N15.35 ($0.0200) on September 10 to N17.25 ($0.023) at the time of writing this report.
Thanks to this recent upswing, Herbert Wigwe’s stake in Access Holdings has appreciated by N6.14 billion ($7.99 million) since September 10, increasing his holdings from N49.59 billion ($64.60 million) to N55.73 billion ($72.60 million) at the time of writing this report.
Wigwe’s commitment to Access Holdings and his strategic share acquisitions have established him as a top figure in the Nigerian banking sector. His remarkable success captures nationwide attention and underscores Access Holdings’ promising growth prospects.
