The Board of Julius Berger Nigeria Plc, one of Nigeria’s leading provider of construction services, has proposed a total final dividend of N634 million to shareholders of the company for the period ended 31st December 2020.
The company’s Board made this announcement in a notification published on the website of the Nigerian Stock Exchange, stating that a dividend of 40 kobo per share will be paid on all the issued 1,584,000,000 ordinary shares of the company.
In addition to the payment of the cash dividend of 40 kobo per share, shareholders will also be issued a bonus of 1 (one) new share for every 99 (ninety-nine) existing shares held in the company.
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Only a few days ago, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, led a delegation to Borno State to meet with the Governor of the State, Babagana Zulum.
In the conversation with Zulum, Kyari promised the establishment of a gas-fired power plant in Borno State within a maximum of 4 months to solve the recent blackouts that resulted from insurgents cutting off Borno from the national grid since January this year.
In Kyari’s words,
“We have talked to each other and we think it’s very possible to establish a dedicated power plant in Maiduguri which will serve current needs of power supply not only in Maiduguri but to other parts of the neighbouring cities.”