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Nigerian insurance tycoon Wole Oshin makes $1.9 million from Custodian shares
As the largest shareholder and group managing director, Oshin wields considerable influence, holding a 27.05 percent stake in Custodian Investment.
As the largest shareholder and group managing director, Oshin wields considerable influence, holding a 27.05 percent stake in Custodian Investment.
Had naira remained stable, Oshin’s stake could have increased by as much as $14.62 million.
Oshin is not only the largest shareholder in the Lagos-based investment group but also ranks among Nigeria’s wealthiest investors.
Oshin wields significant influence with a 26.81-percent stake, equating to 1,576,662,503 ordinary shares.
Custodian Investment surges 10 percent on NGX as market capitalization tops $55 million.
As Custodian Investment’s largest shareholder, Oshin holds a 26.81-percent stake, representing 1,576,662,503 ordinary shares.
Due to these recent gains, Oshin has solidified his position as one of the wealthiest investors on the Nigerian Exchange.
Oshin holds a 26.81-percent stake in Custodian Investment, or 1,576,662,503 ordinary shares.
As the company’s largest shareholder, Oshin holds a 26.81-percent stake in Custodian Investment.
Oshin is the founder of Custodian Investment, a Lagos-based investment group.
Custodian Investment is a prominent player in the Nigerian financial services sector.
Since Jan. 4, the market value of Oshin’s stake in Custodian has declined to $18.9 million.
The dividend will be paid from the company’s profit in the first half of the year.