Nigerian insurance tycoon Wole Oshin has seen the value of his stake in Custodian Investment Plc climb to nearly 43 million, reflecting a strong rally in the companys shares and growing confidence in Nigerias insurance sector. The increase not only benefits Oshin, but also shines a light on the resilience of one of Africas most important financial industries.
As group managing director and largest shareholder, Oshin holds a 27.39 percent stake in Custodian, amounting to over 1.61 billion shares listed on the Nigerian Exchange NGX. In just the past five months, his stake has grown by N38.58 billion 25.25 million to N65.65 billion 42.96 million, reinforcing his position as a top figure in Nigerias financial landscape.
Custodians stock rally drives Oshins wealth gains