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Julius Berger Dividend Payout hits N5.2bn Amid Tough Economy

Julius Berger announces N5.2bn dividend payout amid economic headwinds, reaffirming resilience and strong financial performance at 55th AGM.

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Julius Berger dividend payout

Julius Berger announces N5.2bn dividend payout amid economic headwinds, reaffirming resilience and strong financial performance at 55th AGM

Julius Berger dividend payout has climbed to N5.2 billion, as the construction giant reaffirmed its resilience during its 55th Annual General Meeting, held recently.

Also read: Professor Barth Nnaji to deliver 2025 bullion lecture on Nigeria’s $1-Trillion economy vision

The announcement was made by Chairman Goni Sheikh, who stated that shareholders would receive N3.25 per 50 kobo ordinary share, highlighting the company’s commitment to value creation despite economic challenges.

Speaking during the event, Sheikh acknowledged the pressures of persistent inflation, currency devaluation, and high lending rates, all of which have significantly driven up construction costs. He also cited security concerns and unrest in some parts of Nigeria as further disruptions to operations.

“The company will continue to mitigate risks and ensure steady operations,” Sheikh assured. He praised Julius Berger’s unwavering “safety first” culture, which he described as a core pillar of the company’s efficiency.

“This culture has effectively reduced risks and improved productivity, allowing the group to keep workplace incidents at a minimum,” he said.

Julius Berger met its revenue and profitability targets for 2024, defying prevailing macroeconomic headwinds. According to Sheikh, the company’s performance reinforced its financial strength and consistency across its project portfolio.

Managing Director Dr Peer Lubasch, who assumed office months ago, echoed the chairman’s sentiments, noting the company’s adaptability and strategic focus amid a volatile socio-economic landscape.

He described the business environment as “tough and unpredictable,” shaped by multiple compounding issues such as forex scarcity, high inflation, surging fuel prices, and global market instability. Despite these, Lubasch said the company transformed challenges into opportunities.

“As a company, we have continued to demonstrate resilience, navigating headwinds by adapting with an eye towards efficiency and sustainable growth,” Lubasch stated.

He revealed that the company recorded its highest-ever revenue, expanded its asset base and maintained operational stability throughout the year.

On regional expansion, Lubasch highlighted the company’s diversification into neighbouring markets with two contracts in the Republic of Benin. He credited the firm’s strategic execution, agile leadership, and values of excellence and collaboration for its continued success.

Also read: Delta State Governor Oborevwori Congratulates  Julius Rone At 51

“With our skilled workforce, effective management and future-ready operational structure, Julius Berger remains a high-performing company that clients rely on and shareholders trust,” Lubasch concluded.

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Jubril Adewale Tinubu: The Global Ascent of An Energy Titan

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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.

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Energia launches graduate trainee programme to develop young professionals

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

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Nigeria launches $10bn petroleum licensing round to boost production

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

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