First HoldCo has announced its commitment to “sustain” dividend payments this year and beyond despite its forbearance exposure, the lender said in a statement on the Nigerian Exchange Thursday.
“As a well-diversified financial holding Company, FirstHoldCo will sustain its dividend payments in 2025 and beyond as we remain committed to our esteemed stakeholders,” the country’s oldest bank said.
First HoldCo is among the lenders affected by the Central Bank of Nigeria’s directive to pause dividends, defer executive bonuses, and halt offshore expansion until they’ve adequately provisioned for forbearance loans and resolved breaches of single obligor limits.
