Nigerian banker Herbert Wigwe’s Access Holdings aborts takeover of Kenya’s Sidian Bank
Wigwe owns a 4.51-percent stake in Access Holdings.
Wigwe owns a 4.51-percent stake in Access Holdings.
Wigwe owns a 4.51-percent stake in the financial services group.
The deal has solidified his interest in the group.
Elumelu is on track to pocket another sizable dividend in 2023.
Wigwe owns a significant 4.27-percent stake in Access Holdings.
Wigwe owns a significant 4.27-percent stake in Access Holdings.
Earnings during the first nine months of 2022 were significantly impacted by rising operating costs and tax obligations.
Elumelu owns a sizable 6.39-percent stake in the financial services group.
Ashade has been at the helm of United Capital since 2018.
Earnings growth at the bank was hampered by increased fee and commission expenses.
Elumelu owns a sizable 6.96-percent stake in the banking group, or 2,380,941,756 ordinary shares.
The increase in the bank’s profit can be attributed to a 17-percent rise in its gross earnings.
Access Bank is the banking subsidiary of Access Holdings.
Profit for the six-month period ending June 30 increased by more than 41 percent, from $7.38 million in the first half of 2021 to $10.42 million.
The announcement comes two months after Access Holdings completed its structural transformation into a holding company.
Four weeks ago, the bank completed its transformation from Access Bank Plc to Access Holdings Plc.