Nigerian Insurance Tycoon Wole Oshin's Custodian Posts 81.4 Million In Half-year Revenue

Custodian Investments revenue rose from 54.2 million to 81.4 million, led by strong growth in its core insurance segment.

Despite rising costs, profit climbed to 17.3 million, up from 14.7 million, with improved earnings per share and a declared interim dividend.

Custodians total assets expanded from 266.8 million to 299 million, backed by rising retained earnings and shareholder equity growth.

Custodian Investment, the Lagos-based financial services group led by Nigerian insurance tycoon Wole Oshin , has posted another set of solid results for the first half of 2025, surpassing investor and analyst expectations. Revenue climbed to 81.4 million, driven largely by strong performance in its core insurance business.

According to the companys latest financial report , gross revenue rose from N82.76 billion 54.2 million in the same period last year to N124.27 billion 81.4 million in the six months ending June 30, 2025. The lions share came from its insurance arm, which grew significantly from N60.96 billion 40 million to N89.37 billion 58.5 million.

Other segments, such as sales, dividend income, fees and commissions, operating income, and interest income, also recorded gains, underlining the strength of the companys diversified operations under Oshins leadership.

Despite a rise in operating costs, the company managed to grow its profit, which rose from N22.4 billion 14.7 million in the first half of 2024 to N26.39 billion 17.3 million this year.

Earnings per share also improved to N4.38 0.00287, up from N3.77 0.00247 in the same period last year. On the back of this performance, the board has proposed an interim dividend of N0.25 0.000164 per share , signaling continued focus on rewarding shareholders.