**As Firm Unveils ‘Invearn’ Investment Platform for Capital Market Needs
By Aduragbemi Omiyale
An investment platform known as Invearn, which was designed to meet the capital market needs of investors, has been introduced by a leading share registration company, Africa Prudential Plc.
The firm, which held its Annual General Meeting (AGM) on Thursday, March 28, 2024, said the new investment platform would be a game-changer in the capital market.
At its AGM today, shareholders approved the request of the board to pay a full-year dividend of N900 million translating to 45 Kobo per share.
In her speech at the meeting, the Chairman of Africa Prudential, Mrs Eniola Fadayomi, expressed delight at the performance of the firm in the 2023 financial year.
“Our total assets grew to N22.9 billion, representing a 19 per cent increase over the previous year’s figure of N19.2 billion. This growth is a testament to the priority we place on meeting shareholders’ expectations,” she said.
While commenting on the new product of the organisation, Invearn, Mrs Fadayomi said the launch “highlights how we continue to find new ways to deliver value that creates a positive impact within the capital market space.”
On her part, the chief executive of Africa Prudential, Ms Catherine Nwosu, said, “We have made good progress with our ambition by actively pursuing strategic partnerships and collaborations to expand our market reach and offerings.”
“We are also forging alliances with leading institutions and industry stakeholders; the company has been able to leverage synergies to access new opportunities across diverse sectors,” she added.
“The Nigerian capital market is undergoing a significant shift, emerging as a vibrant hub for companies seeking to raise capital globally.
“Initiatives such as the commodities exchange, clearing and settlement of exchange-traded derivative instruments, and the National Association of Securities Dealers (NASD) mark the beginning of a new era in our market’s evolution.
“These changes signify increased opportunities for companies to access the funding necessary for growth and success. Our active participation in these groundbreaking initiatives showcases not only our adaptability but also our strategic expansion to reach more clients and establish a stronger market presence,” Ms Nwosu further said.
Recall that Africa Prudential recently unveiled its newly renovated state-of-the-art headquarters, Africa Prudential Place, in the Palmgrove area of Lagos State, reaffirming its commitment to all stakeholders.
By creating a space where the company can fully leverage its innovative spirit and dedication to customer satisfaction, the company is well poised to continue in its delivery of exceptional value to its stakeholders in financial record-keeping.