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58 Companies pay N733b Dividend In 2021
No fewer than 58 organizations– including MTN Nigeria Communications Plc, Dangote Cement Plc, GTCO Plc– have paid their investors over N732.91 billion as dividends year-to-date. Dividends are a company’s way of sharing its profits with investors who retain the organisation’s stocks over a holding period up to a qualifying date. According to a statement released…
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Cement: Dangote, BUA, Lafarge Post 62% Profit Increase
In the first half of this year, three of the largest cement manufacturers in Nigeria saw their combined profit before tax jump by 61.90 percent. This is according to an analysis of their unaudited financial statements. Dangote Cement Plc, BUA Cement Plc and Lafarge Africa Plc posted a total pre-tax profit of N237.60billion in H1…