Wigwe’s death: NGX investors react, Access Holdings loses 6.26%


February 13, 2024.

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Azonuchechi Chukwu.

Investors on the stock market of the Nigerian Exchange Ltd. (NGX) on Monday reacted to the death of Dr Herbert Wigwe, Group Chief Executive Officer (Group CEO), Access Holdings, reducing the company’s share price.

Access Holdings’ share price fell by 6.26% today as the group’s shareholders mourn the demise of Herbert Wigwe.

Coming off a bearish week where Access Holdings posted a 2.25% decline, the stock’s share price lost a further N1.55 to close at N23.20, from last Friday’s N24.75.

There was a high volume of activity around Access stocks, as Access Holdings was the highest-traded stock in the NGX, with 24.90 million units of ACCESSCORP traded. In terms of value, ACCESSCORP recorded a trading value of N575.1 million.

Patrick Ajudua, the President of the New Dimension Shareholders Association, noted:

“As we bid farewell to Herbert and others who lost their lives in this unfortunate event, we offer our prayers for their souls to rest in peace. May God grant solace to the entire Access Bank community, including the board, management, staff, as well as friends and well-wishers.”

Moses Ibrude, the National Co-ordinator of Independent Shareholders Association of Nigeria, speaking about Wigwe’s passing, noted, “The loss of such a remarkable individual will be keenly felt by all who knew him especially the staff of Access Holding, shareholders and other stakeholders.”(www.naija247news.com).

Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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