“As we continue to plan for the challenges ahead, the directors recognise the need to constantly focus on shareholder returns that are competitive and of long-term value. We are therefore pleased to declare a dividend of N5 and this represents an increase of 20 per cent over last year and is consistent with our vision of delivering robust returns to our shareholders.” The Chairman/Managing Director, Mobil Oil, Mr. Adetunji Oyebanji
Shareholders of Mobil Oil Nigeria Plc subsequently approved a dividend of N5 per share at the company’s 35th Annual General Meeting held in Lagos.
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