Shareholders approve Access Holdings’ N125bn dividend payout
Shareholders of Access Holdings Plc yesterday approved a dividend of N2.50 per share, bringing a total payout for the year 2024 to N125.295billion. At the third Annual General Meeting of the holdings in Lagos on Thursday, the shareholders gave the nod but demanded an improved dividend payout from next year. The Group Chairman, Aigboje Aig-Imoukhuede […]
Shareholders of Access Holdings Plc yesterday approved a dividend of N2.50 per share, bringing a total payout for the year 2024 to N125.295billion.
At the third Annual General Meeting of the holdings in Lagos on Thursday, the shareholders gave the nod but demanded an improved dividend payout from next year.
The Group Chairman, Aigboje Aig-Imoukhuede said the group concluded 2024 financial year with total assets of N41.498 trillion, reflecting a remarkable year-on- year growth of 55.5 percent.
He said the feat reaffirmed the group’s position as the “largest financial company in Nigeria by asset Size.”
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The chairman said “In 2024, our gross earnings grew by 88% year-on-year, rising from N2.594 trillion in 2023 to N4.878 trillion whilst Profit Before Tax (PBT) rose from N729 billion in 2023 to N867 billion in 2024 representing a solid year-on-year increase, despite external pressures from inflation and currency depreciation.
“Considering our strong earnings performance and continued growth, the Board of Directors has proposed a final dividend per share (DPS) of N2.05 for the year 2024, bringing the total dividend for 2024 to N2.50 per share. With this, the dividend payout for the year amounts to N125.295billion.
“These results collectively reinforce that Access Holdings is not only a well-capitalised financial group but also one that is structurally positioned to scale sustainably, adapt to policy dynamics and continue delivering long-term value to you, our shareholders.”
Aig-Imoukhuede emphasized the group’s 2023-2027 business strategy with the focus on consolidation of geographical expansion, cost optimization, innovation as strategic enabler of new ventures and investment management.
The Acting Group CEO, Bolaji Agbede, said the organization is working hard to improve on the dividend payout through its regional expansion and scaling up the subsidiaries’ performances.
Agbede said the bank had invested more in technology which has addressed drastically customers’ complaints mostly about system failure.
She said, “We are also fast-tracking the integration and upgrade of our technology infrastructure to boost operational efficiency, unlock synergies across the Group, and deliver seamless, digitally enabled services to our expanding customer base.”
“We are strategically positioned to capture new growth opportunities across the global financial services ecosystem; supported by a strong balance sheet, cutting-edge technology, and a high per- forming team. We will continue to invest prudently, manage risks effectively, and build deeper relationships with all stakeholders to ensure consistent value delivery.”
A distinguished shareholder, Nona Awo, advised the board not to drop the baton, but to continuously improve on the performance yearly.
“And please, take every shareholder as being important,” he said.