Nigerian banker Herbert Wigwe’s Access Bank earns $385.6 million in profit in 2021
Despite a 51-percent increase in earnings, the board proposed a dividend of $0.00168 per share for shareholders.
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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.
Wigwe nonetheless ranks among the wealthiest investors on the Nigerian Exchange.
BancABC Botswana is a well-capitalized franchise with impressive growth prospects in Southern Africa.
The dividend will be paid from the bank’s $211.1-million profits earned in the first half of 2021.
The leading lender continues to leverage its diverse earnings stream to generate value for shareholders.
The bank’s shares have been on the rise, as investors remain optimistic about its financial performance.
The surge in its market capitalization came on the back of a 12-percent rise in the bank’s share price.
An uptick in the bank’s share price steered the increase in his stake’s market value.
Access Bank Group also recently acquired Grobank South Africa.
The Nigerian tier-1 capital bank now has a controlling stake in Grobank.
Access Bank Plc CEO Herbert Wigwe could earn over $3.02 million from the bank’s dividend in 2020.