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.
Skip to content
Wigwe holds an impressive 7.14-percent ownership stake in the leading lender.
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a 7.14-percent stake in the financial giant.
Under Wigwe, Access also saw its total deposits surge from $15.23 billion at the start of the year to $20.2 billion as of June 30, 2023.
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.