Herbert Wigwe, a top business executive and one of Nigeria’s wealthiest bankers, has seen his share in Access Holdings, the country’s largest lender in terms of assets, increase significantly.
The market value of Herbert Wigwe’s investment in Access Holdings has climbed by N2.1 billion ($2.7 million) over the last 19 days, according to statistics tracked by HowNG, indicating a persistent interest in the group’s shares on the Nigerian Exchange.
Access Holdings, a prominent player in Nigeria’s financial services sector, operates in 12 African nations and is rapidly growing its footprint in Africa and Europe.The business recently agreed to buy the Sub-Saharan African operations of Standard Chartered Bank, a UK-based global bank.
Herbert Wigwe, Access Holdings’ Group Managing Director and CEO, now owns 9.09 percent of the company, which translates to 3,230,789,014 ordinary shares.
His belief in the group’s future prospects has led to a series of strategic share purchases, increasing his interest in the company.
Access Holdings’ shares on the Nigerian Exchange have risen by 3.89 percent in recent weeks, climbing from N16.70 ($0.0220) on August 17 to N17.35 ($0.0229) at the time of writing this report.
This extraordinary jump in the group’s shares has pushed its market value above $800 million, solidifying it as one of the most valuable firms listed on the Nigerian Exchange.
Herbert Wigwe’s stake in Access Holdings has increased by a remarkable N2.1 billion ($2.7 million) since August 17, boosting his holdings from N53.95 billion ($71.23 million) at the time of this report to N56.05 billion ($74.00 million).