Credite Capital Finance and Investment Limited has declared a dividend payout of N70 million to shareholders for the 2025 financial year representing a 71 per cent increase from the previous year’s payout.
The announcement was made by Mr Segun Ogunleye the company’s managing director at its ninth annual general meeting (AGM) at the Radisson blu Hotel in Lagos on Friday.
Ogunleye said the company declared a dividend of 23 kobo per share compared with 17 kobo in the preceding financial year.
He also announced plans to increase the company’s capital base to N1 billion as it positions itself for potential regulatory recapitalisation requirements in the finance sector.
‘We’re doing 70 million dividend payouts which represents 23kobo per shares and which is a step higher than what we did in 2024 which was 17kobo per shares.’ he said.
‘For the 1billion payout we don’t have a time frame for it’ he said.
‘We are the one just putting ourselves on our toes to make sure that we would not wait to when the regulators are asking us to show our capital base.
Which is what is happening in the industry. The first one was the micro finance bank now it comes to main conventional bank and we are very sure it’s going to come to finance company like us. We don’t to wait till that clarion call rings.’
The managing director added that Credite Capital intends to expand its branch network across South-West Nigeria subject to regulatory approval.
‘We are thinking of branch expansion and also get the approval of our regulators so we can have branch in all those places’ he said.
‘Beyond southwest we are also thinking of other places but we are looking at the southwest for now.’
Speaking on the company’s financial performance Tokunboh Abudu chairman of Credite Capital said the company recorded gross earnings of N2.806 billion in 2025.
He said interest income stood at N480.3 million while non-interest income was N281.9 million.
The company posted a profit before tax of N158 million representing a 9.8 per cent increase from the previous year.
Abudu added that total assets grew by 20.4 per cent to N8.193 billion while customer deposits stood at N6.797 billion.
Shareholders’ funds also increased to N608 million according to the chairman.
Photo caption: Credite capital MD Mr Segun Ogunleye (standing) and Chairman Credite capital Mr Tokunboh Abudu at the AGM.