Nigerian tycoon Atedo Peterside to receive N980 million Stanbic IBTC Bank dividend

Nigerian banker Atedo Peterside is set to receive N980 million ($729,421) in dividends from his stake in Stanbic IBTC Holdings Plc, after the financial services group reported strong 2025 earnings and proposed a N63.61 billion ($47.3 million) total payout to shareholders.

The dividend reflects the lender’s sustained profitability and disciplined capital management, even as Nigeria’s macroeconomic environment remains pressured by inflation and currency volatility. The board recommended a final dividend of N4 per share ($0.00298), in addition to an interim dividend of N2.5 per share paid earlier in September 2025.

Stanbic IBTC dividend boosts shareholder returns

Peterside, a key figure in the Nigerian banking industry and founder of Anap Business Jets Limited and Atedo N. A. Peterside Foundation, holds a 1.54% stake in Stanbic IBTC.

The dividend, which will be paid on Wednesday, May 26, 2026, is a testament to Stanbic IBTC Bank’s impressive fiscal results. The board of directors recommended a dividend of N4 per share ($0.00298) for the 2025 fiscal year, in addition to an interim dividend of N2.5 paid in September 2025, which earned Peterside N584.3 million ($434,320.49). This will make his dividend in 2025 total N1.56 billion ($1.16 million).

Atedo Peterside’s backing fuels Stanbic IBTC Holdings’s $283 million profit surge in 2025

With Peterside’s enduring influence as founder and key shareholder, the Lagos-based financial services group delivered a standout performance in 2025, reporting profit of N380.8 billion ($283.22 million), a sharp increase from N225.31 billion ($167.46 million) in 2024, reinforcing its position as a major force in Nigeria’s banking sector.

The group’s strong bottom-line growth was driven by a surge in interest income, which climbed to N787.05 billion ($585.7 million), supported by elevated domestic interest rates and favorable foreign exchange dynamics. Non-interest revenue also strengthened, with fees and commissions rising significantly to N257.77 billion ($191.81 million), underscoring Stanbic IBTC’s diversified earnings base and sustained momentum across its financial services operations.

Peterside’s Stanbic IBTC Bank stake delivers N980 million ($729,421) payday
Over the decades,  Stanbic IBTC, Founded in 1989 as an investment bank, has evolved into a leading player in Nigeria’s financial services sector. It boasts a dominant position in pension fund management, currently overseeing one of the largest pension fund portfolios in the country

Stanbic IBTC Bank’s strong financial performance prompted its board to propose a dividend of N4 per share ($0.00298), up 33.33% from the dividend of N3 ($0.00223) per share paid to shareholders in the previous year.

Peterside, who holds a 1.54% stake in Stanbic IBTC Bank, equivalent to 245,000,000 shares, stands to receive N1,592,500,000 ($1,184,450.56), solidifying his position as one of Nigeria’s affluent bankers and a robust dividend earner in the Nigerian financial services industry.

Read about Stanbic IBTC’s annual report here: