New Investment Product: African Prudential Declares N900m Dividend

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

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

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

According to him, “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 capital market space.”

The Managing Director/Chief Executive Officer of Africa Prudential, Catherine Nwosu, noted that, “We have made good progress with our ambition by actively pursuing strategic partnerships and collaborations to expand our 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.”

She said the Nigerian capital market is undergoing a significant shift, emerging as a vibrant hub for companies seeking to raise capital globally.

She further explained that initiatives such as the commodities exchange, Clearing and settlement of exchange-traded derivative instruments, and the National Association of Securities Dealers (NASD) mark the beginning of a new era in the firm’s market’s evolution.

According to her, “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.

“Africa Prudential recently unveiled its newly renovated headquarters, Africa Prudential Place, in Palm grove, Lagos. The new office space reaffirms Africa Prudential’s commitment to all stakeholders. By creating a space where the company can fully leverage its innovative spirit and dedication to customer satisfaction, the company is well poised to continue in its delivery of exceptional value to its stakeholders in financial record-keeping."