Access Holdings' working to resume dividend payment - Chairman
Nigeria, June 12 -- Nigeria's biggest lender, Access Holdings, is stepping up efforts to meet the regulatory conditions for the resumption of dividend payment, after pausing cash rewards to shareholders for the 2025 financial year, its chairman said on Wednesday.
The financial institution's inability to declare a dividend for 2025 was not a profitability issue, as it posted record N743 billion in net profit for the year, but rather resulted from regulatory constraints, Aigboje Aig-Imoukhuede, the chair of the board of directors, stated at its annual general meeting in Lagos.
"I did not say inability to pay, I said to share," he told shareholders, noting that Access Holdings recorded earnings of more than N5 trillion and total assets exc...
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