Nigerian insurance tycoon Wole Oshin to pocket $2.8 million from Custodian Investment

Nigerian insurance tycoon Wole Oshin is set to receive a $2.8 million payout from his stake in Custodian Investment Plc, a leading Nigerian investment holding company and conglomerate listed on the Nigerian Exchange Group (NGX).

This payout is part of the group’s recommended total dividend of N13.23 billion ($9.62 million) for fiscal year 2025, reflecting the company’s robust financial performance.

The dividend, to be paid on Wednesday, May 8, 2026, is a testament to Custodian Investment’s impressive financial results. The board of directors recommended a dividend of N2.25 ($0.00164) per share for the 2025 fiscal year.

Oshin’s leadership fuels Custodian’s profit surge, dividend growth
With Wole Oshin at the helm, Custodian Investment Plc continues to deliver standout financial performance, underpinned by strong revenue expansion and improved earnings quality. Profit after tax more than doubled to N67.63 billion ($49.2 million), reinforcing the group’s position as one of Nigeria’s fastest-growing financial services firms.

The impressive earnings growth was driven by a sharp rise in gross revenue, which climbed from N152.01 billion ($110.5 million) to N224.73 billion ($163.4 million), reflecting robust contributions across its core business segments. The group’s balance sheet expansion was equally striking, with total assets surging to N1.06 trillion ($769.0 million), highlighting strengthened financial capacity and long-term stability.

Oshin’s Custodian stake delivers $2.8 million payday
Custodian Investment’s strong financial performance prompted its board to propose a dividend of N2.25 ($0.00164) per share, up 80% from the dividend of N1.25 ($0.00091) per share paid to shareholders in the previous year.

Oshin, who holds a 29.2% stake in Custodian Investments, equivalent to 1,717,504,345 shares, stands to receive N3,864,384,776.25 ($2,806,323.35), solidifying his position as one of Nigeria’s richest insurance bankers and a prominent dividend earner in the Nigerian financial services industry.

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