Access Holdings Approves N125bn Dividend

Access Holdings Plc has approved a total dividend of N125 billion for the 2024 financial year following its strong performance.

Approved during the group’s Annual General Meeting held in Lagos on Thursday, the fund brings the company’s total dividend for 2024 to N2.50 per share.

Shareholders have commended the management for the group’s performance and strategic expansion.

Speaking during the meeting, Aigboje Aig-Imoukhuede, chairman of Access Holdings PLC stated that the group’s performance signifies the strength of its balance sheet, while also highlighting how it raised N315 billion through a rights issue from its capital raising programme.

He commended the improvement in the company’s capital base, which increased shareholders’ funds to N3.76 trillion and made Access Bank the first bank to achieve the new N500 billion minimum requirement set by the Central Bank of Nigeria.

Aig-Imoukhuede also stressed the group’s commitment to boosting shareholders’ value through strategic expansion, continuous innovation, and cost efficiency.

Access Holdings recorded success across key performance metrics in 2024 as gross earnings grew by 88% year-on-year to N4.88 in 2024, from N2.59 trillion in 2023. While profit before tax surged to N867 billion from N729 billion the prior year.

Bolaji Agbede, acting group executive officer, also highlighted the group’s growth strategy, which focuses on innovation, diversification of revenue streams, and the integration of technology to boost service delivery.

According to her, Access Holdings is positioned for success across its banking operations in four continents, including its non-banking subsidiaries.