Premium Pension Limited, a leading Pension Fund Administrator (PFA) in Nigeria, achieved significant growth in its Assets Under Management (AUM), reaching N1.134 trillion by the end of the 2023 financial year, indicating a 22.43 percent increase from the previous year. Additionally, the company expanded its retirement savings Account (RSA) holders to 793,605, reflecting 7.79 percent of the total industry count.
Speaking at the 19th Annual General Meeting held at its Corporate Head office in Abuja, Chairman Bitrus Kwaji commended the staff for their resilience and unwavering commitment amidst economic challenges such as inflation, exchange rate harmonization, and heightened competition. Despite these hurdles, Premium Pension Limited remained dedicated to serving clients with integrity and excellence.
The company demonstrated its commitment to rewarding shareholders by announcing a final dividend of N1.94 per share, totaling N1.276 billion, in addition to the interim dividend of N1.45 per share, amounting to N952.83 million paid during the year. This marks the sixteenth consecutive year of dividend payments, showcasing the company’s dedication to shareholder value.
Source: Business Day