Africa Prudential Shareholders Approve N900m Dividend For 2023

Shareholders of Africa Prudential Plc have approved a total dividend of N900 million for the year ended 2023.
The shareholders gave their approval, which translates to a dividend payout of 45 kobo per share, at the Company 11th Annual General Meeting (AGM) held in Lagos.
Speaking to stakeholders during the meeting, the chairman of Africa Prudential, Chief (Mrs) Eniola Fadayomi, stated, “the Company remains focused on continuous transformation. Our total assets grew to N22.9 billion, representing a 19 per cent increase over the previous year’s figure of N19.2 billion. This growth is a testament to the priority we place on meeting shareholders’ expectations.”

She further added, “in line with our transformation journey, the launch of our new investment solution product, INVEARN, a one-stop shop for your capital market needs, highlights how we continue to find new ways to deliver value that creates a positive impact within the capital market space.”
The managing director/chief executive officer of Africa Prudential, Catherine Nwosu said, “we have made good progress with our ambition by actively pursuing strategic partnerships and collaborations to expand our market reach and offerings. We are also forging alliances with leading institutions and industry stakeholders; the company has been able to leverage synergies to access new opportunities across diverse sectors.”

She emphasised that the Nigerian capital market is undergoing a significant shift, emerging as a vibrant hub for companies seeking to raise capital globally, saying that “initiatives such as the commodities exchange, Clearing and settlement of exchange-traded derivative instruments, and the National Association of Securities Dealers (NASD) mark the beginning of a new era in our market’s evolution.

“These changes signify increased opportunities for companies to access the funding necessary for growth and success.
Our active participation in these groundbreaking initiatives showcases not only our adaptability but also our strategic expansion to reach more clients and establish a stronger market presence.”

Africa Prudential provides share registration and digital technology services. The Company specialises in creating client-company registers of shareholders, maintaining the register, dividend and interest payment, issuing of shares and debenture certificates, attending to shareholders enquiries, and handling of scrip and right issues