Herbert Wigwe, one of Nigeria’s most influential banking executives and the group managing director of Access Holdings, has witnessed a substantial surge in the market value of his stake in the leading financial services group.
The market value of Wigwe’s stake in Access Holdings has experienced a notable upswing of N10.18 billion ($12.89 million) in the past 26 days — indicating sustained investor interest in the group’s shares on the Nigerian Exchange.
Access Holdings’ market cap skyrockets to $917 million
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.
In recent times, Access Holdings shares on the Nigerian Exchange have experienced a notable surge of 18.26 percent, rising from N17.25 ($0.0219) on Nov. 16 to N20.4 ($0.0258) at the time of writing this report, thus propelling the group’s market capitalization above $917 million.
Herbert Wigwe’s stake surges above $80 million amid recent surge in Access shares
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a substantial 9.09-percent stake in the leading financial services provider, equating to 3,230,789,014 ordinary shares.
According to data tracked by Billionaires.Africa, the market value of Wigwe’s stake in Access Holdings has increased by N10.18 billion ($12.89 million) since Nov. 16, from N55.73 billion ($70.59 million) to N65.91 billion ($83.49 million)-at the time of writing this report.
Wigwe’s steadfast 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.