First Holdco to Pay 60% of Profit as Dividends
First Holdco has declared a policy to pay out 60% of its annual profit as dividends, positioning it among Nigeria's most generous holding companies in shareholder returns.
Category : Business
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FirstHoldco to Pay 60% of Profit as Dividends
FirstHoldco has declared it will pay out 60% of its annual profit as dividends, a move aimed at rewarding shareholders and signaling confidence in its financial health.
Seplat Pre-Tax Profit Up 74% to N790bn, Declares US$0.12 Dividend
Seplat Energy's pre-tax profit rose 74% to N790 billion in H1 2026, driven by higher production and oil prices. The company declared a quarterly dividend of US$0.12 per share, a record.
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NMDPRA proposes an African crude oil benchmark to reduce reliance on foreign pricing benchmarks like Brent, aiming for fairer prices and market control.
NGX Losing Streak: N1.65 Trillion Lost
Investors on the Nigerian Exchange lost N1.65 trillion in two days as the bearish trend continued, extending the losing streak for a third consecutive session.
Asaba Private Jet Road Landing Crew in DSS Custody
Minister Festus Keyamo confirms security breach as pilots and crew remain in DSS custody after unauthorised landing on a road near Asaba Airport.
8,000 bags of Tinubu fertiliser missing in Taraba
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Why Clear Rules Are Key to Nigeria’s Digital Credit Market
Industry stakeholders urge Nigeria’s regulators to formalize coordination protocols for digital airtime credit, serving 40 million users and valued at ₦300-400 billion annually.
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BUA Invests $85M in Port Harcourt Terminal Expansion
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Where Did Subsidy Savings Go? Minister Taiwo Oyedele Explains
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Dr Stanley Uzochukwu: From Hawker to Industry Builder
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African airlines lead global passenger demand growth June
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Food and Fuel Prices Top African Youth Concerns
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Mecure appoints Anderline Dukor as sole CEO for N50bn expansion
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CBN Orders N19bn Refunds as Bank Customer Complaints Rise 11%
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Nigeria's Top Cement Makers Post Strong H1 2026 Earnings
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Leadway, Cubecover, Vitse Join IMT 5.0 as Partners
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FG Moves to Sell Majority Stake in ntel Telecom Giant
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Prestige Assurance H1 Profit Doubles to N1.05 Billion
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