
Bank led by Nigerian tycoon Herbert Wigwe posts over $320 million in profit in 9M 2023
Access Holdings sees key growth and expansion with Wigwe at the helm.
Access Holdings sees key growth and expansion with Wigwe at the helm.
Wigwe holds an impressive 7.14-percent ownership stake in the leading lender.
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a 7.14-percent stake in the financial giant.
ABC Orjiakor, who owns a 6.4-percent stake in Seplat Energy, one of Nigeria’s largest energy companies, ranks as one of Nigeria’s wealthiest business figures.
Under Wigwe, Access also saw its total deposits surge from $15.23 billion at the start of the year to $20.2 billion as of June 30, 2023.
Wigwe’s commitment to Access Holdings and his strategic share acquisitions have established him as a top figure in the Nigerian banking sector.
Wigwe holds a substantial 9.09-percent stake in the lender, equating to 3,230,789,014 ordinary shares.
Wigwe, the group managing director and CEO of Access Holdings, Nigeria’s largest lender in terms of assets, holds a 9.09-percent stake in the lender.
Earlier this year, under Wigwe’s leadership, Access Holdings pledged a substantial $300-million capital investment to its flagship subsidiary.
Wigwe’s stake in Access Holdings has grown by N7.59 billion ($9.87 million), reaching N55.89 billion ($72.7 million) .
Wigwe owns a 9.09-percent stake in Access Holdings, or 3,230,789,014 ordinary shares in the lender.
Access Bank Kenya is the Kenyan banking unit of Access Holdings, a financial services conglomerate.
Wigwe, the group managing director and CEO of Access Holdings, Nigeria’s largest lender in terms of assets, holds a 9.09-percent stake in the lender.
Wigwe’s 9.09-percent stake in Access Holdings is valued at $67 million, cementing his status as one of Nigeria’s richest businessmen.
Over the past 15 days, Wigwe’s 8.95-percent stake in Access Holdings has witnessed a remarkable boost, rising by $23.2 million.
Wigwe has expanded his stake in Access Holdings, driving growth and confidence in the financial sector.