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Africa Prudential posts 18% profit growth, bets on digital services for future earnings
['Obinna Ezugwu']
Business Hallmark
Profit before tax increased by 22 per cent to ₦2.41 billion, while profit after tax climbed by 18 per cent to ₦1.59 billion.
Our strategy is to grow recurring fee-based business lines such as our digital solutions, KYC services, AGM technology, probate services and the SabiVest mobile app.
Over time, this will reduce our reliance on interest income and create a more balanced and resilient earnings mix,” she said.
AdvertisementNwosu noted that growing activity in Nigeria’s capital market was creating increasing demand for digital investor services, improved market efficiency and stronger regulatory compliance.
Africa Prudential is one of Nigeria’s leading providers of share registration and capital market solutions, with more than 50 years of operations in the country’s financial services sector.