- Shareholders get N900m dividends
Nigerian capital market is increasingly becoming a vibrant hub for domestic and global companies, opening up opportunities for the economy.
Managing Director, Africa Prudential Plc, Catherine Nwosu, said the Nigerian capital market is undergoing a significant shift, emerging as a vibrant hub for companies seeking to raise capital globally.
According to her, initiatives such as the commodities exchanges, clearing and settlement of exchange-traded derivative instruments, and the National Association of Securities Dealers (NASD) mark the beginning of a new era in Nigerian 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,” Nwosu, who leads Nigeria’s only publicly quoted share registration company, said.
Speaking at the company’s annual general meeting, which was held virtually, Nwosu said Africa Prudential has have made good progress with its ambition by actively pursuing strategic partnerships and collaborations to expand its 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,” Nwosu said.
Shareholders at the meeting approved the distribution of N900 million as cash dividends for the 2023 business year, representing a dividend per share of 45 kobo.
The meeting was conducted virtually in accordance with Section 11 of the Business Facilitation Act, which permits public companies to hold AGMs electronically.