African Prudential declares N900m dividend, unveils new investment product

AFRICA Prudential Plc has declared N900 million dividends translating to 45 kobo per share due to every shareholders of the company for the 2023 financial year.

Besides, the company also unveiled INVEARN, an innovative investment product that would enable it remain well positioned to stay ahead of trends in the industry

Addressing shareholders at the yearly general meeting of the company held in Lagos, yesterday, the Chairman of Africa Prudential, Chief ( Mrs) Eniola Fadayomi, said the company was poised to continue in its transformation exercise and deliver value to shareholders.

He said the company's total assets grew to N22.9 billion, representing a 19 per cent increase over the previous year's figure of N19.2 billion, noting that the growth is a testament to the priority placed on meeting shareholders’ expectations.

“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 ca pital market Managing space.” Director/ Chief Executive Officer of Africa Prudential, Catherine Nwosu, said: "We have made good progress with our ambition by actively pursuing strategic partnerships and collaborations to expand our market r each and offerings. "W e are also forging alliances with leading i nstitutions and industr y stakeholders; the company has been able to leverage synergies to access new opportunities across diverse sectors." According to her , the

Nigerian capital market is undergoing shift, hub to She raise pointed for emerging capital companies out a globally as significant that a seeking vibrant initiatives ties exchange, such as the Clearing commodi- and settlement of exchangetraded derivative instruments, and the National Association of Securities Dealers ( NASD) mark the beginning of a new era in the firm's market's evolution. Nwosu added that these changes signify increased opportunities for companies to access the funding necessary for growth and success.

Executive chairman, Xcellon Capital Advisors, Chamberlain Peterside ( left); the convener of the Conference, Funmi Babington- Ashaye and NCAA Airline Insurance Manager, Ronke Onamuti, during Marine and Aviation Summit organised by Chartered Insurance Institute London in Collaboration with Risk Analyst Consultant ( UK) Limited in Lagos.