Nigerian banker Herbert Wigwe gains $8 million from Access Holdings stake
Wigwe’s commitment to Access Holdings and his strategic share acquisitions have established him as a top figure in the Nigerian banking sector.
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.
Wigwe holds a 9.09-percent stake in Access Holdings, or 3,230,789,014 ordinary shares.
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.
The transaction has increased Wigwe’s stake in Access Holdings from 9.19 to 9.62 percent.
Access Holdings is a pan-African financial services conglomerate.
After the transaction, the market value of Wigwe’s stake in Access Holdings now amounts to nearly $64 million.
Wigwe holds a 4.51-percent stake in Lagos-based financial services conglomerate, Access Holdings Plc.