Africa Prudential Plc’s shareholders have approved a dividend of N1.2bn at its 12th Annual General Meeting on Monday, representing a payout of 60 kobo per share.

They also approved increasing the company’s share capital from N1bn to N2bn by creating an additional two billion ordinary shares of 50k each and a bonus share issue based on one ordinary share for every one held.

Addressing stakeholders, the outgoing Chairman of Africa Prudential, Mrs Eniola Fadayomi, said, “Africa Prudential remains focused on driving strategic growth and transformation. In the past year, we recorded a 52 per cent increase in total assets, rising from N22.98bn to N34.84bn. This milestone underscores our unwavering commitment to delivering long-term value to our shareholders, even in the face of evolving market dynamics.”

She also spotlighted the company’s continued investment in digital innovation and the shareholder experience, noting, “As part of our transformation journey, we introduced new innovative products and enhanced the functionality of our digital platform, Invearn. These improvements enabled shareholders to conveniently execute capital market transactions, with over N1.5bn processed through the platform.

“We remain committed to building digital-first, customer-centric solutions that redefine ease, transparency, and engagement in Nigeria’s capital market.”

In her remarks, Managing Director and Chief Executive Officer of Africa Prudential, Catherine Nwosu, emphasised the company’s strong performance and strategic focus. She stated, “2024 has been a landmark year for Africa Prudential. With an 88 per cent surge in profit after tax and a 95 per cent growth in profit before tax, our performance reflects not just financial strength but the result of deliberate, focused execution across the business. We have expanded our balance sheet by over 50 per cent, introduced innovative product features, and enhanced shareholder experience across all touchpoints.

“Our decision to introduce an interim dividend — followed by a final dividend of 60 kobo, culminating in a total payout of 75 kobo — underscores our dedication to delivering consistent and increased value to shareholders. As we move forward, we remain committed to leveraging technology, data, and strategic partnerships to deepen our impact, diversify our offerings, and cement our position as a leader in Nigeria’s capital market transformation.”

Nwosu pointed to the company’s latest technology deployment, Invearn Beta. She asserted that the fintech product is a portal for investors to manage their investments end-to-end.

“We did not limit investors to what Africa Prudential manages and Central Securities Clearing System to have access through APIs so that investors who come on our platform can access their shares across the market,” Nwosu explained. “And I’m happy to say that during the last public offer that happened in 2025, a lot of investors made use of our platform to subscribe to their shares. And we did not have reconciliation issues.”