Custodian Funding Plc has introduced {that a} director on its Board, Mr. Olakunle Ade-Ojo, purchased 150,000,000 shares of the corporate, value N2.98 billion.
The transaction was disclosed in a share dealing discover posted on the Nigerian Alternate on Might 26, 2025, and signed by the Firm Secretary, Adeyinka Jafojo.
In accordance with the discover, the shares had been bought between nineteenth and twenty sixth Might 2025, cut up throughout 5 tranches at a mean value of N19.84 per share.
- The primary tranche was 10,000,000 shares at N19.45, adopted by 35,000,000 shares at N19.60.
- The third, fourth, and fifth tranches had been 35,000,000 shares every, executed at N19.70, N20.65, and N19.80.
Mr. Olakunle Ade-Ojo, who can also be the Managing Director of Toyota Nigeria Ltd, already had 926,136,506 shares in Custodian—each straight and not directly—as of thirty first December 2024, which gave him a 15.7% stake.
With this buy, he now owns 1,076,136,506 shares, boosting his holding to 18.3% of the corporate’s complete shares and voting rights.
- After the primary buy on nineteenth Might, buying and selling exercise took off, with day by day volumes leaping to over 10 million shares.
Market pattern
Custodian Funding Plc has been on a gentle upward climb within the Nigerian inventory market, delivering a year-to-date return of 90.00% in 2024.
- The inventory opened January 2025 at N17.10 per share and moved with strong momentum, buying and selling 34.1 billion shares through the month and shutting at N18.90.
- In February, the inventory stayed constructive, although shopping for exercise started to ease.
- By the top of March, it closed at N19.50, with a buying and selling quantity of 82.5 million shares.
- April noticed a slight pullback, with the share value dipping to N18.00.
In early to mid-Might, Custodian’s shares hovered between N17.00 and N18.00 till the share buy on nineteenth Might sparked renewed curiosity. A number of days later, on twenty second Might, the inventory climbed above N21.00.
As of the shut of buying and selling on twenty sixth Might, the corporate’s shares had been priced at N19.70, bringing the month-to-date acquire in Might to 11.11%.
Q1 efficiency highlights
Custodian Investments kicked off 2025 with a robust first quarter, reporting a pre-tax revenue of N12.3 billion—marking a 3% development.
This profitability was largely fueled by the corporate’s funding division, which delivered a strong N11.8 billion for the quarter, a bounce from N7.04 billion in Q1 2024.
Regardless of direct working bills totaling N1.37 billion, Custodian posted web revenue of N16.1 billion.
- On the steadiness sheet, complete property climbed to N432 billion, reflecting a wholesome 6% improve.
- Retained earnings additionally confirmed robust development, rising 11.28% year-over-year to achieve N100.1 billion.
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