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How Ogbechie Family Made N15.7bn From Nigerian Stock Market

July 30, 2025
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In the first six months of 2025, Gabriel and Godrey Ogbechie, from Anambra state, made N15.70 billion from the Nigerian stock market, according to Prime Business Africa’s analysis.

The Ogbechie family are the majority shareholder in the oil and gas company, Eterna Plc, where they hold 839.58 million shares, representing a 64.37 percent controlling stake.

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Breakdown of their shareholding showed that Godrey holds 150,000 shares, while the couple accounts for 819.31 million indirect shares through Preline Limited, and 20.11 million indirect shares through Norsworthy Investment Limited.

According to PBA analysis, the 150,000 shares held by Godrey increased from N3.64 million recorded at the start of the year to N6.45 million, representing an increase of N2.8 million.

Also, the indirect shares held through Preline Limited increased by N15.32 billion within six months from N19.90 billion at the start of the first half to N35.23 billion at the end of the same quarter.

Similarly, the indirect shares held by the couple through Norsworthy Investment Limited grew to N864.95 million on January 2, from N488.80 million on June 30, indicating an increase of N376.15 million.

In total, the Ogbechie family’s investment in Eterna Plc increased from N20.40 billion to N36.10 billion within the period under review, reflecting a gain of N15.7 billion.

Prime Business Africa gathered that the investment of the Ogbechie family had increased due to Eterna’s share appreciating by 76.95 percent in the first half of this year, indicating Eterna enjoyed investors’ bullish sentiment in the equity market.

This raised the company’s share price up from N24.30 kobo on January 2 to N43 per share on June 30, indicating the cost of Eterna’s share increased by N18.70 kobo.

Findings showed that the N15.7 billion gain recorded by the Ogbechie family was part of the N24.38 billion combined gain notched up by Eterna shareholders within the period under review.

The 76.95 percent increase in share price also raised Eterna’s market capitalisation from N31.69 billion to N56.07 billion between January and June.

For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: publisher@primebusiness.africa and editor@primebusiness.africa

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