A total of 306 shareholders of FirstHoldCo. voted in favor of the approval of a final dividend of 60 kobo per 50 kobo ordinary share at the company’s 13th Annual General Meeting held on the 22nd of May 2025.

This reflects a strong 99.37% shareholder approval, with only 0.63%—equivalent to just two shareholders—voting against the dividend proposal.

According to the company, the final dividend is subject to withholding tax and will be paid to qualifying members before the close of business on Friday, the 23rd of May 2025.

Also at the General Meeting, a resolution was passed to fix the remuneration of the company’s auditor, KPMG, for the period extending to the next Annual General Meeting.

Additionally, shareholders voted to receive the audited financial statements for the year ended 31st December 2024, along with the reports of the Auditors, Board Appraisers, and the Audit Committee thereon.

The approved final dividend of 60 kobo per share amounts to N25.12 billion, a notable increase from the N14.36 billion declared for FY 2023.

The Group reported an interest income of N625.2 billion in the first quarter of 2025, reflecting a 40.15% increase from N446.1 billion recorded in Q1 2024.

Speaking at the 13th Annual General Meeting, Chairman Olufemi Otedola reflected on the company’s performance and hinted at an even more generous dividend next year, saying:

“Considering how much I have invested in this institution, I want you to be patient. A better final dividend—above 60 kobo—is coming.”