Africa Prudential Shareholders Approve N0.45 Dividend

Kayode Tokede 

The shareholders of Africa Prudential Plc, yesterday approved the board of directors N0.45 per ordinary share of 50 kobo each payout dividend for 2023 financial year at its 11th Annual General Meeting (AGM).

The meeting was conducted virtually in accordance with Section 11 of the Business Facilitation Act, which permits public companies to hold AGMs electronically.

During the AGM, shareholders of the a leading share registration firm listed on the Nigerian Exchange Limited (NGX)  approved the recommendation of the Board of Directors for a full-year dividend of N0.45 kobo per share, translating into N900 million shareholders return on investment. 

Addressing 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.”

On outlook for 2024, she said, “Africa Prudential is historically a company that has gained brand recognition in the share registration, investors relations management and digital solutions services with close to five decades of exceptional experience in the Nigerian capital market. Our services are technology-driven and highly customer centric.

“The company is committed on leveraging the use of technology solutions to deepen the company’s customer service experience in year 2024, in the expectations of better returns on investment to the shareholders of the company.”

The Managing Director/Chief Executive Officer of Africa Prudential, Catherine Nwosu, spoke on the company’s achievements, 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 emphasized, “The Nigerian capital market is undergoing a significant shift, emerging as a vibrant hub for companies seeking to raise capital globally. 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 recently unveiled its newly renovated state-of-the-art headquarters, Africa Prudential Place, in Palm grove, Lagos. The new office space reaffirms Africa Prudential’s commitment to all stakeholders. By creating a space where the company can fully leverage its innovative spirit and dedication to customer satisfaction, the company is well poised to continue in its delivery of exceptional value to its stakeholders in financial record-keeping.