Shareholders of Access Holdings Plc have approved a final dividend of N2.50 per share, amounting to N125.295 billion for the financial year ended December 31, 2024.
They gave the nod at the third Annual General Meeting of the holdings in Lagos on Thursday where they commended the board and management for the group’s performance and expansion strategy.
According to the board, a final dividend of N2.05 per share was proposed, bringing the total dividend for 2024 to N2.50 per share.
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.”
The chairman said “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 (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 N125.295 billion.
“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.”
He 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.
He added that the company’s performance reflects the strength of its balance sheet and resilience despite macroeconomic challenges.
He said, “Central to this success was our landmark capital raising programme, through which we raised N351 billion via a rights issue.
This made Access Bank the first Nigerian bank to meet the new N500 billion minimum capital requirement set by the Central Bank of Nigeria (CBN), ahead of the 2026 deadline. The rights issue significantly bolstered our capital base, increasing shareholders’ funds to N3.76 trillion.”
Acting Group Chief Executive Officer, Bolaji Agbede, said the company recorded growth across major balance sheet indicators and maintained a healthy, diversified financial position.
She noted that Access Holdings is strategically positioned for growth across its banking operations in 22 markets on four continents, as well as its non-banking subsidiaries in investment management and technology.
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.”
“We will continue to invest prudently, manage risks effectively and build deeper relationships with all stakeholders to ensure consistent value delivery.”