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.
Read also: Market drops further by 0.48% as investors sell FBN Holdings, others
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 almost two decades journalism experience writing on banking, finance, capital markets, and tax. 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).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
