Connect with us

Business

Dangote Cement Dividend Aapproval Seals N506bn Payout to Shareholders

Published

on

Dangote Cement Dividend Aapproval

Dangote Cement dividend approval confirms a N30 per share payout, rewarding shareholders with N506.21bn as profit soars 86 percent year-on-year

Dangote Cement dividend approval has sealed a record payout of N506.21 billion to shareholders, following a resolution passed at the company’s 16th Annual General Meeting held in Lagos on 23 June 2025.

Also read: Dangote foundation distributes 35,000 rice bags to Kaduna state’s 23 LGAs

A total of 353 out of 360 shareholders present voted in favour of the N30 per ordinary share dividend, which will be paid from the company’s retained earnings as of 31 December 2024.

Speaking at the AGM, Chairman Aliko Dangote hailed Nigeria’s emergence as the continent’s cement export leader.

“This year, Nigeria has become the largest exporter of cement across Africa. We’ve gone from being a major importer to now outpacing every other African country in exports,” he declared.

Shareholders also endorsed the reappointment of directors Aliko Dangote, Ernest Ebi, Viswanathan Shankar, Cherie Blair, and Douraid Zaghouani following their retirement by rotation.

In a separate motion, annual remuneration for board members was fixed at N20 million for the Chairman and N15 million for each non-executive director for the financial year ending 31 December 2025.

Aliko Dangote assured investors that the company remains focused on lowering production and foreign exchange costs, expanding its market share, and boosting exports.

This strategy, he noted, has already started yielding tangible results.

This year, Nigeria has become the largest exporter of cement across Africa. We’ve gone from being a major importer to now outpacing every other African country in exports.

According to its Q1 2025 report, Dangote Cement posted gross profit of N587.3 billion, driven by strong revenue of N994.6 billion—an impressive increase from N817.3 billion in Q1 2024.

Profit after tax surged 85.71 percent year-on-year, reaching N209.2 billion.

Although the company’s cost of sales rose slightly to N407.2 billion, the revenue growth helped absorb the higher expenditure.

Fuel and power accounted for 43.5 percent of total production costs, with raw materials consuming 21.3 percent. Other components included salaries, plant maintenance, and depreciation.

On the balance sheet, total assets grew to N6.4 trillion while retained earnings rose by 20.74 percent to N1.2 trillion—up from N1.02 trillion as of December 2024.

The approved final dividend of N30 per share reflects a yield of 6.81 percent based on the current market price of N440 per share.

This continues a steady trend: from 2018, Dangote Cement paid dividends above N10 per share, rising to N16 through 2022, then to N20 in 2023 and N30 for that financial year.

The company has now maintained the N30 benchmark into FY 2024.

Dangote Cement dividend approval reinforces the company’s reputation for rewarding shareholder loyalty and sustaining profitability, despite macroeconomic headwinds.

Also read: Dangote, NNPC pledges collaboration for Nigeria’s energy security

The board remains committed to delivering long-term value through efficient operations and regional expansion.

73 / 100 SEO Score

Business

Jubril Adewale Tinubu: The Global Ascent of An Energy Titan

Published

on

By

Wale TinubuUnarguably, Jubril Adewale Tinubu, Group Chief Executive Officer, GCEO, Oando Plc, is one of the few who command a great deal of reverence in Nigeria’s vast and ever-evolving energy landscape.

To keen watchers of developments in the nation’s energy sector, Tinubu’s pedigree transcends more than being the  head honcho of Oando; he is the rare alchemy of audacity and foresight.

Today, his name has become synonymous with resilience and brilliance; he is also a figure whose influence transcends sectors, borders, and generations.

Interestingly, his reputation built on entrepreneurial flair and ingenuity has always earned him  worthy mention among an elite class of business leaders whose legacies are not just written, but engraved.

However, unlike some others who view Africa’s economic horizon through a haze of uncertainty, Tinubu sees opportunity beckoning to him always.

With this perspective, one easily understands Oando’s rise from a modest downstream operator to one of Africa’s most formidable integrated energy companies.

Oando, under the exemplary leadership and management style of Tinubu, has expanded across exploration, production, power, and renewables.

At every given opportunity, Tinubu hammers on the need for Africa to harness its own vast resources to define its destiny.

Given his trademark philosophy to act, tarry or strike with precision, he has been able to navigate Oando through global market shifts, regulatory waves, and economic downturns without so much noise.

Perhaps,this is the secret to his dazzling recognition and honour since the break of the outgoing year 2025. In January, he bagged the Investor / Transaction of the Year 2024 at the New Telegraph Awards in  Lagos.

The recognition followed Oando’s landmark $783 million acquisition of Agip Oil Company, a transaction completed in August 2024 and hailed as one of the year’s most significant moves in Nigeria’s economy.

But that was only a precursor to several other accolades for Tinubu, as he was again honoured with the prestigious Lifetime Awards at the Africa Energy Week, AEW, 2025.

Like the compass with which Oando navigates the nation’s unpredictable energy terrain, Tinubu is perpetually in quest of the opportunity to position the company as both a continental powerhouse and a symbol of African ingenuity.

Again, evidence that Tinubu’s influence has become global came to the fore when Oando emerged as the preferred bidder for the Trinidad refinery.

Despite a dip in revenue, Oando posted a $145 million profit in the first nine months of its 2025 fiscal year—a testament to disciplined strategy and Tinubu’s steady hand at the helm.

Meanwhile, the most significant signal of Oando’s next chapter came recently with an announcement that underscores Tinubu’s instinct for the future: Oando is diversifying into mining, with a sharp focus on lithium and other minerals critical to the clean-energy transition.

The company has already assembled a strong team of seasoned geologists and launched exploration activities across Nigeria, including a major program in Kebbi State. By the end of 2025, Oando aims to complete its field evaluations and identify a prime location for pilot lithium production.

With the global demand for rechargeable batteries—driven by tech and electric vehicles—skyrocketing, Tinubu is positioning Oando at the heart of the next energy revolution.

It is not for fun that his admirers fondly describe him as the man who sees tomorrow. He is a strategist sculpted by foresight, a leader driven by conviction, and a relentless believer in Africa’s potential.

In an age craving visionaries, Tinubu stands out- he is clear -eyed, bold, and prepared for the future he already sees taking shape.

43 / 100 SEO Score
Continue Reading

Business

Energia launches graduate trainee programme to develop young professionals

Published

on

 Energia Limited launches a graduate trainee programme to accelerate career growth of young Nigerian professionals in the energy sector.

(more…)

66 / 100 SEO Score
Continue Reading

News

Nigeria launches $10bn petroleum licensing round to boost production

Published

on

Nigeria launches 2025 petroleum licensing round to attract $10bn investment and unlock up to two billion barrels of oil.

(more…)

68 / 100 SEO Score
Continue Reading

Trending News