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Nigerian insurance tycoon Wole Oshin has seen the value of his stake in Custodian Investment Plc climb to nearly $43 million, reflecting a strong rally in the company’s shares and growing confidence in Nigeria’s insurance sector. The increase not only benefits Oshin, but also shines a light on the resilience of one of Africa’s most important financial industries.
As group managing director and largest shareholder, Oshin holds a 27.39 percent stake in Custodian, amounting to over 1.61 billion shares listed on the Nigerian Exchange (NGX). In just the past five months, his stake has grown by N38.58 billion ($25.25 million) to N65.65 billion ($42.96 million, reinforcing his position as a top figure in Nigeria’s financial landscape.
Custodian’s stock rally drives Oshin’s wealth gains
Founded in 1991, Custodian Investment under Wole Oshin has grown into one of Nigeria’s leading financial services groups, with interests spanning insurance, pensions, and real estate. With Oshin at the helm, the company has built a reputation for steady growth and reliability, earning its place among the country’s most respected financial institutions.
In the past five months, Oshin’s stake has seen a notable increase, adding N38.58 billion ($25.25 million). Custodian’s shares have risen 142.56 percent, climbing from N16.8 ($0.011) in April to N40.75 ($0.0267), pushing the company’s market capitalization past $157 million. This surge has lifted Oshin’s stake from N27.06 billion ($17.71 million) to N65.65 billion ($42.96 million), reflecting confidence in Custodian as a top player in Nigeria’s financial sector.
Outperforming the market capitalization
With a year-to-date return of 138.3 percent, Custodian Investment has outpaced many of its peers on the NGX. A $100,000 investment at the start of the year would now be worth about $238,300, reflecting the company’s strong ability to deliver value to shareholders even amid broader economic challenges.
As Nigeria’s financial markets continue to develop, the company’s success highlights the growing influence of local insurance and investment firms in building wealth. Custodian Investment’s performance also makes it one of the top-performing stocks of 2025, drawing attention from investors looking for promising opportunities in Africa’s largest economy.
