Nigeria Business Information
No Result
View All Result
Thursday, May 19, 2022
  • Login
  • Register
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription
Subscribe
Nigeria Business Information
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription
No Result
View All Result
Nigeria Business Information
No Result
View All Result
Home Nigeria News

Dangote and MTN Lead as 58 Nigerian Companies Pay-out Massive N732.91bn Dividends to Shareholders in 9 months

by Nathaniel Segun
September 14, 2021
in Nigeria News
Nigerian Stock Exchange

Investors at the Nigerian Exchange Limited (NGX), have raked in a total of about N732.91 billion in dividends, since the beginning of trading this year- that is, from 4th of January, 2021 till date.

This stunning fact was revealed by the Chief Executive Officer of the NGX, Mr. Temi Popoola, through a report made available to the press on Monday in Lagos.

The report showed that so far, 58 companies across 10 sectors of quoted companies on the NGX have paid out N732.91 billion.

It was broken down as follows: financial services (21), consumer goods (seven), industrial goods (six), oil & gas (five), healthcare (four), services (four), ICT (three) and natural resources (two). Others are construction/real estate (two), agriculture (two) and conglomerates (two).

According to the report, overall, Dangote Cement has made the highest dividend payout, followed by MTN, Guaranty Trust Holding Company (GTCO), BUA Cement, and Stanbic IBTC as the top five highest dividend payments so far.

RelatedPosts

Nigerian Exchange Group (NGX) admits Fidelity Bank’s Series 1 bond worth N41.2 billion

READ: Shareholders in three Nigerian banks set to cash in on interim dividends worth N33.08 billion

Dangote Cement, under industrial goods, paid N272.64 billion dividend; MTN Nigeria Communications, under ICT paid N92.61 billion and GTCO, under financial services paid N79.46 billion.

Also, BUA Cement, under industrial goods paid N69.99 billion, and Stanbic IBTC Holdings, under financial services paid N46.64 billion.

It said that the financial sector has the highest number of companies paying dividends and value of dividends, with GTCO leading the pack at a payout valued at N79.46 billion.

According to the report, in the consumer goods sector, Nestle leads amongst the seven companies with a payout of N28.12 billion while Fidson leads the healthcare sector with payout of N521.59 million.

Total Nigeria takes the lead in oil & gas at N2.06 billion and UACN leads the conglomerates with N3.45 billion.

Caverton takes the lead in services with N335.05 million while Okomu leads in the agriculture sector with N6.67 billion.

Popoola said that as part of efforts to spur activity in the market, the exchange had continued to be innovative and leverage technology to improve investors’ experience and recently, announced the release of its enhanced X-Mobile.

Popoola said: “The delivery of X-Mobile is in line with NGX’s strategic intent to provide an exchange that is easily accessible to stakeholders leveraging digital technology.

“X-Mobile, therefore, provides a platform to engage with existing and potential investors, who now have an increased appetite for data and detailed disclosure information to aid sound investment decisions.

“We are confident that the app will complement the NGX website and other NGX portals currently being used to provide information to market stakeholders,” he said.

On the other hand, the Divisional Head of Trading Business in the NGX, Mr. Jude Chiemeka, stated: “X-Mobile affirms our commitment to make financial services more inclusive and provide a superior customer experience in the access and use of capital.

“The app has, therefore, been enhanced to ensure that capital market players and potential investors have the requisite resources to make the most out of their engagement with the market.

“We believe that X-Mobile is on course to become the primary interface for local and international investors to stay abreast of market trends and domestic economic performance,” he noted.

‘’As a multi-asset securities exchange offering equities, fixed income and exchange-traded funds, NGX continues to make concerted efforts to attract investors to the market through its innovative products and services, engagement sessions, and investment education initiatives,’’ he concluded.

TOOLKIT: Are You New to Tenders/Contract Bidding and Require Assistance? CLICK HERE

Tags: Nigerian Exchange Group
ShareTweetShare

POPULAR

  • Tenders And Contracts Info - May 2022

    Check List of NGO/Governments Tenders with May 2022 Deadlines

    0 shares
    Share 0 Tweet 0
  • How to Check for your Individual TIN (Tax Identification Number) Online

    0 shares
    Share 0 Tweet 0
  • Lower Niger River Basin Development Authority (LNRBDA)- Invitation To Tender And Expression Of Interest For Projects Execution (95 Lots)

    0 shares
    Share 0 Tweet 0
  • Pharmacists Council Of Nigeria (PCN)- Invitation For Pre-Qualification And Expression Of Interest For Projects Execution (21 Lots)

    0 shares
    Share 0 Tweet 0
  • National Commission For Refugees, Migrants And Internally Displaced Persons (NCFRMI)- Expression Of Interest/Invitation To Tender For 2022 Constituency In Capital And Zonal Intervention Projects (107 Lots)

    0 shares
    Share 0 Tweet 0

Copyright © 2021. All Right Reserved Nigeria Business Information

No Result
View All Result
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription

Copyright © 2021. All Right Reserved Nigeria Business Information

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

instagram volgers kopen volgers kopen buy windows 10 pro buy windows 11 pro

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.