FBN Holdings to pay N14.35bn dividend as gross earnings hit N1.59trn

FBN Holdings’ half-year profit almost doubles to N360bn, highest in 13years

FBN Holdings Plc

The Board of Directors of FBN Holdings proposed a dividend of 40 kobo per ordinary share of 50 kobo each, amounting to N14.358billion (2022: N17.947billion) for the year 2023.

The group’s which just released its audited results for the year ended December 31, 2023 reported gross earnings increase to N1.595trillion from N815.16billion in 2022.

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Profit before minimum tax rose to N358.875billion from N157.902 billion in 2022.

Profit after minimum tax stood high at N350.593billion in 2023 from N154.540billion in 2022.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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