Nigerian banker Herbert Wigwe faces $5-million loss in Access Holdings stake
Wigwe holds an impressive 7.14-percent ownership stake in the leading lender.
Wigwe holds an impressive 7.14-percent ownership stake in the leading lender.
Ovia, a key figure in the evolution and digital transformation of Nigeria’s banking industry, founded Zenith Bank in 1990.
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a 7.14-percent stake in the financial giant.
Ovia is recognized as Nigeria’s richest banker and a top figure in Africa’s financial services industry.
Zenith Bank’s financial performance has prompted its board of directors to propose an interim dividend of N0.50 ($0.00063) per share.
Ovia owns a 16.2-percent stake in Zenith Bank, which translates to a total of 5,072,104,311 ordinary shares.
Wigwe holds a substantial 9.09-percent stake in the lender, equating to 3,230,789,014 ordinary shares.
Agbaje’s leadership has been pivotal to GTCO’s remarkable success as he continues to guide the group to new heights.
Peterside owns a 1.14-percent stake in Stanbic IBTC, which translates to 133,611,115 ordinary shares in the group.
Despite the fiscal setbacks he has endured, Ovia’s position as Nigeria’s richest banker remains steadfast.
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.
In addition to his stake in PepsiCo, Agbaje maintains a 0.14-percent minority stake in GTCO.
Earlier this year, under Wigwe’s leadership, Access Holdings pledged a substantial $300-million capital investment to its flagship subsidiary.
These impressive gains further solidify Ovia’s status as Nigeria’s richest banker and one of the richest investors on the NGX.
Wigwe’s stake in Access Holdings has grown by N7.59 billion ($9.87 million), reaching N55.89 billion ($72.7 million) .
Agbaje, the group CEO of GTCO, holds a minority 0.14-percent stake in the company, amounting to a total of 41,628,001 shares.