Nigerian Insurance Tycoon Wole Oshin Makes 1.9 Million From Custodian Shares

After a challenging 2024, when the naira's devaluation cut his gains from his shares in Custodian Investment from 14.6 million to 1.38 million , Nigerian insurance tycoon Wole Oshin the first weeks of 2025 has seen his stake in Custodian Investment Plc increase by more than 1.95 million on the Nigerian Exchange NGX.

As the largest shareholder and group managing director, Oshin wields considerable influence, holding a 27.05 percent stake, which amounts to 1.59 billion shares in the NGX -listed Custodian Investment. Since the beginning of this year, his stake has increased by 1.95 million.

Founded in 1991, Custodian Investment has evolved into a leading financial services group with a broad range of interests, including insurance, pensions, and real estate. The company, under the leadership of Oshin, has earned a reputation for consistent growth, solidifying its position as one of Nigerias most valuable financial institutions.

Today, Custodian under Wole Oshin manages assets worth over 1.1 billion. Oshins leadership has focused on delivering operational excellence and creating lasting value for the companys stakeholders. In the past 24 days, the companys stock has seen a notable increase, rising from N17.1 0.011 to N19 0.0123 per share, pushing its market capitalization above 70 million.

The increase in stock price has also led to a rise in Oshin's stake. His holdings are now valued at N30.2 billion 19.5 million, up from N27.21 billion 17.54 million at the start of 2025, marking an increase of N3.02 billion 1.95 million.