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Consolidated Hallmark Holdings Declares N0.25k Dividend, Revenue Rises By 47%

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BY NKECHI BAECHE-ESEZOBOR—Consolidated Hallmark Holdings Plc, has reported a robust 47 per cent growth in insurance revenue for the 2025 financial year, alongside a record-breaking dividend payout, despite navigating severe capital market volatility that impacted its bottom line.

Speaking at the group’s 3rd Annual General Meeting (AGM) in Lagos, Group Chairman Shuaibu Idris disclosed that insurance revenue surged to N43.27 billion in 2025, up from N29.42 billion in the previous fiscal year.

The net insurance service result—reflecting performance after meeting claims, reinsurance obligations, and direct costs—rose sharply by 121 per cent to N6.85 billion, up from N3.10 billion in 2024.

Additionally, non-insurance operations picked up significant momentum, with operating and other non-insurance income jumping 61 per cent from N4.09 billion to N6.59 billion.

The group’s Profit Before Tax (PBT) declined to N8.44 billion from N22.65 billion in 2024. He attributed this drop entirely to a sharp decline in the mark-to-market valuation of the group’s capital market investments.

Cash and cash equivalents nearly doubled, climbing 96 per cent to N7.38 billion while financial assets grew 65 per cent to N45.90 billion.

Total assets expanded by 33 per cent to N75.94 billion, while shareholders’ funds marked a 21 per cent growth.

He noted that the fundamentals of the investment remained strong and hold better prospects for the future,” Idris stated, noting that consistency and diversity served as the group’s strength in a volatile year.

The group’s balance sheet remained highly liquid and well-capitalized:

Following its outstanding performance the board proposed a final dividend of 15 kobo per share. When combined with the 10 kobo interim dividend already distributed, CHH’s total dividend for the year stands at 25 kobo per share.

“This is the highest dividend that we have ever paid,” Idris told shareholders, expressing optimism about maintaining the growth trajectory.

Also, the Group Chief Executive Officer, Mr. Eddie Efekoha, who’s responding to shareholders questions, confirmed that the financial holding structure is perfectly insulated from recapitalization pressures.

“Our Group does not require additional capital to meet the new regulatory thresholds. We are not compelled to seek mergers or external funding, as our capital base remains strong and sufficient,” Efekoha asserted.

Efekoha noted that businesses and individuals are increasingly turning to dependable financial protection amid macro-economic uncertainties, and added that it achieved its resilience through disciplined underwriting, cost optimization, and rigorous operational processes across its subsidiaries.

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NCC Chief Aminu Maida to Keynote 2026 DigitalSENSE Forum in Lagos

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The Executive Vice Chairman and CEO of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, is set to deliver the Keynote Address at the upcoming 2026 Nigeria DigitalSENSE Forum (NDSF) on Internet Governance for Development (IG4D). Scheduled for this Thursday, June 11, 2026, at the Banquet Hall, Welcome Centre Hotels in Lagos, the landmark 17th milestone edition will anchor its deliberations on the crucial theme: “Sustaining WSIS Vision with Multistakeholder Synergy in Nigeria.”

Dr. Maida’s address will focus on the regulatory frameworks required to preserve the World Summit on the Information Society (WSIS) vision through inclusive, multi-stakeholder partnerships. The high-level forum and its prestigious industry awards have rallied robust support from the foundational pillars of Nigeria’s telecommunications and digital infrastructure ecosystem.

Major public and private sector players are heavily backing the forum as part of their commitment to promoting critical national infrastructure and securing Nigeria’s digital possibilities. Among the leading sponsors driving this momentum are IHS Nigeria—the nation’s premier digital infrastructure champion boasting over 16,000 telecom towers and 15,000km of fiber optic cables—and data center colocation leader Digital Realty.

Ogbuefi Remmy Nweke, the Editor-in-Chief of host media organization ITREALMS Media Group, commended the immense institutional support flowing from the industry ahead of the event.

“Achieving sustainable internet governance and digital trust requires an intentional alignment of regulation and infrastructure,” Nweke remarked. “The active collaboration of the NCC, IHS Nigeria, and Digital Realty ensures that the 2026 forum will move beyond mere dialogue to produce clear, actionable policy recommendations for our digital economy.”

The event will be presided over by Dr. Olusola Teniola (hon), Director of Strategic Business Initiatives at ipNX Nigeria and former President of the Association of Telecommunications Companies of Nigeria (ATCON), who will deliver the Chairman’s Opening Speech on the 2026 NDSF blueprint.

A broad coalition of leading telecommunications, technology, and internet governance stakeholders have also thrown their weight behind the event. These include ICT infrastructure leader MTN Nigeria; the Association of Licensed Telecoms Operators of Nigeria (ALTON); premier software and DNS infrastructure firm Upperlink Limited; and the Nigeria Internet Registration Association (NiRA), managers of the .NG country code Top Level Domain name.

The post NCC Chief Aminu Maida to Keynote 2026 DigitalSENSE Forum in Lagos appeared first on Business Today NG.

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Stanbic IBTC Holdings disclaims WhatsApp scheme offering investment opportunities

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Stanbic IBTC Holdings Plc has disclaimed responsibility for social media advertisements, asking the public to join WhatsApp groups that purportedly offer them investment opportunities with “guaranteed returns” in “high-quality stocks.”

The financial services group disclosed in a regulatory filing on Wednesday that such advertisements are fraudulent, false and unauthorised.

The announcement followed the circulation of social media posts featuring the image of Busola Jejelowo, the CEO of Stanbic IBTC Asset Management Limited, together with the Stanbic IBTC Stockbrokers logo.

“They do not originate from Stanbic IBTC Holdings PLC or any of its subsidiaries, and they have not been approved, endorsed, or issued by the group in any form,” the financial institution said.

“The use of our name, logo, brand identity, and the images of our executives in these materials is fraudulent and intended to deceive unsuspecting individuals,” it added.

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The bank holding company disclosed that it has already reported the fraudulent activities to the Securities and Exchange Commission of Nigeria.

Victims

Stanbic IBTC Holdings advised people who have already fallen prey to such dubious schemes, or who have made payments or disclosed any personal or financial information, to report the matter immediately to the nearest law enforcement agency.

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It urged the public to be cautious of unauthorised communications by individuals purporting to be associated with Stanbic IBTC, especially when they relate to investments and promises of financial returns.

Customers should rely only on authentic and verified information about Stanbic IBTC communicated through its official communication platforms, it said.

“Such messages should be treated as suspicious unless independently verified through our official channels,” Stanbic IBTC Holdings stated.

“For authentic and verified information about Stanbic IBTC and its products and services, please rely only on our official communication platforms, including @StanbicIBTC on Facebook, LinkedIn, X (Twitter), Instagram, and YouTube.”

It further expressed its commitment to taking all appropriate steps to safeguard its brand and customers from fraudulent and deceptive activities.


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