Access Holdings Shareholders Approve N125.3bn Dividend Payment

Shareholders of Access Holdings Plc have approved a total dividend payment of N125.295 billion for the year ended December 31, 2024.

They gave their approval at the Company’s third Annual General Meeting held yesterday in Lagos.

The shareholders also commended the board of directors and management of the Group for the impressive financial results presented for the year 2024 as well as the expansion drive of the company.

Considering the Company’s strong earnings performance and continued growth, the board of directors proposed a final dividend per share 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 N125.295 billion.

The chairman of Access Holdings, Aigboje Aig-Imoukhuede, noted the financial performance of Access Holdings in 2024 underscores the underlying strength of the balance sheet and the resilience of the Group.

“Central to this success was our landmark capital raising programme, through which we raised N351 billion via a right issue. This strategic initiative made Access Bank the first Nigerian bank to meet the new N500 billion minimum capital requirement set by the Central Bank of Nigeria, well ahead of the 2026 deadline.

The right issue significantly bolstered our capital base, increasing our shareholders funds to N3.76 trillion,” he said.

Aig-Imoukhuede said that in 2024, our gross earnings grew by 88 per cent year-on-year, rising from N2.594 trillion in 2023 to N4.878 trillion whilst profit before tax 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.

He stated, 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 its shareholders.

The acting group CEO, Access Holdings, Bolaji Agbede stated that the Company grew across major key balance sheet indicators and continues to maintain a well-structured, healthy and diversified financial position.

She noted that this was evident in the results from the banking franchise operating in twenty-two markets across four continents and the non-banking subsidiaries in the investment management and technology segments.

She believed that the Group is 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 performing team.

“We will continue to invest prudently, manage risks effectively and build deeper relationships with all stakeholders to ensure consistent value delivery,” she said.