Shareholders to Reap N671.45bn Dividend from Dangote Cement, BUA, Lafarge, Transcorp Power, Three Others Kayode Tokede The shareholders of Dangote Cement Plc, BUA Cement, Transcorp Power, Lafarge Cement, and three other big firms on the Nigerian Exchange
Limited (NGX) are to share an estimated N633.95 billion as a dividend payout in the 2024 financial year. This is about a 2.65 per cent increase when compared to the N654.1 billion dividend payout by
these seven companies in the 2023 financial year. Despite the challenges in the operating environment, these firms declared impressive profits in the 2024 financial year, which translated to
dividend payout. For instance, Dangote Cement, which declared N503.2 billion profit in 2024, an increase of 10 per cent from N455.6 billion in 2023, has proposed a dividend of N30.00 per share, which
is N506.21 billion. Dangote Cement, for the second consecutive year, is paying shareholders a dividend of N30.00 per share. The cement marker’s market
capitalisation at the Exchange is currently at N8.1 trillion as the stock price has remained at N480 per share lately. Continued on page 5
FAAC Disburses N1.678tn to FG, States, LGs for February… Page 6 Sunday, March 23, 2025 Vol 30. No 10941
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My Relationship With Wike Cause of Gang-up against Me, Says Anyanwu Chuks Okocha in Abuja
L-R: Minister of the Federal Capital Territory, Mr. Nyesom Wike; Acting Governor of Cross River State, Mr. Peter Odey; President of the Senate, Senator Godswill Akpabio; his wife, Unoma; and Vice Chancellor, University of Calabar, Professor Florence Banku Obi, during the 50th anniversary celebration of UNICAL and award of Doctoral degrees in Calabar, Cross River State…yesterday
The embattled National Secretary of the Peoples Democratic Party (PDP), Senator Samuel Anyanwu, who is claiming victory in last Friday’s judgment of the Supreme Continued on page 5
Rivers: Jonathan Accuses Executive, Legislature, Judiciary of Abuse of Office Ibas vows to complete Rivers assembly complex project PANDEF condemns state of emergency, says it’s a betrayal
Chuks Okocha in Abuja Former President, Dr. Goodluck Jonathan, has described the current situation in Rivers State as a clear case of abuse of office and power by the executive, legislative, and judicial arms of government. This is just as the Sole Administrator of Rivers State, Vice-Admiral Ibok Ete Ekwe Ibas (rtd) has vowed to complete the ongoing reconstruction of the state House of Assembly Complex project. The Pan Niger Delta Forum (PANDEF) has also strongly condemned the declaration of a state of emergency in Rivers State, calling it an unconstitutional move that undermines democracy and destabilises the Niger Delta. Meanwhile, the Nigeria Governors’ Forum (NGF) has explained that it chose to be silent on the Rivers State political crisis to avoid taking positions Continued on page 5
PUBLIC PRESENTATION OF BOOKS ON CECILIA…
L-R: Publisher of The Guardian Newspapers, Lady Maiden Ibru; Twin sister to the Author/Celebrant, Mrs. Lucy Lawrence; Representative of the Governor of Lagos State/Secretary to the State Government, Bimbola Salu-Hundeyin; and the Author/Celebrant, Mrs. Cecilia Ibru, at the public presentation of the books: Cecilia, The Autobiography of Cecilia Ibru and Oceanic Odyssey, in Lagos...yesterday.
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