Nigerian billionaires Abdul Samad Rabiu, Tony Elumelu, others, receive national honors
The men have played seminal roles in the development of Nigeria’s economy.
The men have played seminal roles in the development of Nigeria’s economy.
Wigwe owns 4.26 percent of the pan-African conglomerate.
Wigwe owns a significant 4.27-percent stake in the bank.
Wigwe owns 4.26 percent of the pan-African conglomerate.
Access Holdings is Nigeria’s largest financial services group in terms of assets.
Earnings growth at the bank was hampered by increased fee and commission expenses.
Wigwe holds a 4.26-percent stake in the pan-African group.
Access Bank is the banking subsidiary of Access Holdings.
Wigwe said the funds will serve as a foundation for attaining a better future for the nation.
The announcement comes two months after Access Holdings completed its structural transformation into a holding company.
Access Holdings ranks as one of the most capitalized financial services institutions on the Nigerian Exchange.
Four weeks ago, the bank completed its transformation from Access Bank Plc to Access Holdings Plc.
The move comes after the pan-African banking group received the Central Bank of Nigeria’s “approval in principle.”
Wigwe has played a key role in the growth and expansion of the pan-African banking group.
Despite a 51-percent increase in earnings, the board proposed a dividend of $0.00168 per share for shareholders.
Herbert Wigwe, Access Bank’s CEO, holds a beneficial 4.27-percent stake in the bank.