FirstHoldCo has committed to distributing 60% of its annual profit as dividends, a move that underscores the group's strong liquidity position and confidence in its financial services portfolio.
The policy was highlighted alongside specific shareholder approvals at the group's subsidiaries, most notably Cornerstone Insurance, which secured approval for a N5.09 billion dividend at its 34th Annual General Meeting.
5 billion for the period, signaling sustained growth across its banking and insurance arms.
The dividend commitment comes on the back of robust operational performance in the first half of 2026.
FirstHoldCo reported gross earnings of N1.93 trillion and a profit before tax (PBT) of N653.5 billion for the period, signaling sustained growth across its banking and insurance arms.
The substantial payout ratio suggests management views current capital levels as sufficient to support both shareholder returns and future expansion without compromising balance sheet strength.
Market sentiment toward the group has been positive, with FirstHoldCo shares surging in Lagos trading earlier in the week.