Shareholders of Access Holdings Plc have approved a total dividend payout of N125.3 billion for the financial year ended December 31, 2024. The approval came during the company’s Annual General Meeting held Thursday in Lagos.
The board recommended a final dividend of N2.05 per share, raising the total dividend for the year to N2.50. Shareholders commended the board and management for the group’s strong performance and strategic growth.
Chairman Aigboje Aig-Imoukhuede said the results reflect the company’s financial strength and resilience despite economic challenges.
“Our landmark N351 billion capital raise via a rights issue positioned Access Bank as the first Nigerian bank to meet the Central Bank’s N500 billion minimum capital requirement well ahead of the 2026 deadline,” he said. “This boosted shareholders’ funds to N3.76 trillion.”
Key metrics include an 88% increase in gross earnings from N2.59 trillion in 2023 to N4.88 trillion in 2024 and a rise in profit before tax from N729 billion to N867 billion.
Acting Group CEO Bolaji Agbede highlighted growth across all major financial indicators and a well-diversified portfolio. She noted the group’s strategic presence in 22 markets across four continents, spanning both banking and non-banking sectors, including investment management and technology.
“We remain committed to prudent investments, strong risk management, and building stakeholder trust to deliver consistent value,” she said.
Access Holdings posted a profit after tax of N642.2 billion in 2024, up 4% from N619.3 billion in 2023.