Shareholders of First Bank of Nigeria Holdings Plc have approved a final dividend payment of 50 kobo per 50 kobo share for the 2022 financial year.

This translated to N17.947 billion if multiplied by 35.895 billion FBN Holdings issued shares.

The bank grew its gross earnings by 6.32% to N805.128 billion in the year under review and recorded a profit before tax of N157.902 billion. While profit after tax dipped by 9.87% to N136.173 billion in 2022.

The company has announced that the register of shareholders will be closed from August 9 to August 10, 2023.

On August 16, 2023, FBN Holdings will pay shareholders whose names appear on the Register of Members as at August 8, 2023 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.

However, shareholders who are yet to complete the e-dividend registration are advised to download Meristem Registrar’s E-Dividend Mandate Activation Form, which is also available on their website. Shareholders are advised to complete and submit the Registrar or their respective banks.

Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar.

Operating expenses rose by 23.35% to N218.481 billion in the period under review from N177.130 billion in 2021.

In the audited financial statement released on the Nigerian Exchange Limited, net interest income expanded by 59.15% to N363.249 billion from N228.242 billion achieved in 2021.

Sterling Financial Holdings Company Plc has announced dividend payments to shareholders after the completion of a transformative scheme.

The announcement comes as a result of the Court Ordered meeting held on September 19, 2022, which approved the Scheme of Arrangement between Sterling Bank Plc and its shareholders.

Under the scheme, Sterling Bank Plc transferred its 28,790,418,124 fully paid-up ordinary shares of 50 Kobo each to Sterling Financial Holdings Company Plc (Holdco), establishing Holdco as the sole shareholder of the Bank.

This development also led to the delisting of the Bank’s shares from the Daily Official List of the Nigerian Exchange Limited (NGX) on April 6, 2023.

The Bank, now re-registered as a private company at the Corporate Affairs Commission (CAC), is preparing for its Annual General Meeting scheduled for Today, May 31, 2023.

As part of the process, the Bank will be paying a dividend of 15 kobo per ordinary share of 50 kobo each to Sterling Financial Holdings Company Plc, which is entitled to the dividend as the sole beneficial shareholder.

Following the receipt of the dividend from the Bank, Sterling Financial Holdings Company Plc will issue its Interim accounts and distribute the received amount as Interim Dividend to the shareholders listed in the Register of Members as of the close of business on May 19, 2023.

The company has assured shareholders that the obligation to pay the 15 kobo dividend will be fully discharged in accordance with the terms and conditions outlined.

To keep shareholders informed about the progress, Sterling Financial Holdings Company Plc has committed to providing updates on the dividend payment date no later than June 20, 2023.

The company secretary, Temitayo Adegoke, stated in the announcement that the dividend distribution would be executed in line with the disclosed terms and conditions.

Stanbic IBTC Holdings PLC, a leading financial institution in Nigeria and Africa, has approved N2 per ordinary share of 50 kobo for its shareholders at the just concluded 11th Annual General Meeting. 

The financial institution made the announcement after a unanimous approval of the dividend recommendation by the Board of Directors.

Shareholders present at the meeting, held at the Orchid & Lantana Halls in EKO Hotel & Suites, Victoria Island, Lagos, expressed their satisfaction and gratitude for the company’s commitment to rewarding their trust and loyalty.

The declared dividend of Two Naira per share will be payable on Friday, May 26, 2023. Shareholders whose names appear in the Register of Shareholders as of the close of business on Monday, April 3, 2023, will be eligible to receive this rewarding payout.

Mrs. Sola David-Borha, Chief Executive of Stanbic IBTC Holdings PLC, expressed her satisfaction with the outcome of the Annual General Meeting and emphasized the company’s commitment to creating value for shareholders.

She said, “We are pleased to declare a generous dividend, reflecting our strong financial position and confidence in our business model. This dividend declaration is a testament to the trust our shareholders have placed in us, and we remain committed to delivering sustainable growth and attractive returns.”

The dividend declaration also reflects Stanbic IBTC Holdings PLC’s confidence in its future prospects. By rewarding its shareholders, the company seeks to further strengthen the bond with its investor community and attract more investors who recognize its commitment to long-term value creation.