Nigerian tycoon banker Herbert Wigwe gains over $1.2 million in seven days
Four weeks ago, the bank completed its transformation from Access Bank Plc to Access Holdings Plc.
Skip to content
Four weeks ago, the bank completed its transformation from Access Bank Plc to Access Holdings Plc.
The move comes after the pan-African banking group received the Central Bank of Nigeria’s “approval in principle.”
Wigwe has played a key role in the growth and expansion of the pan-African banking group.
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.