As audited accounts start to trickle in companies will propose dividend payments to their shareholders as recommended by their respective board of directors. It is also important to track these announcements to know who is eligible to collect dividend, when it will be approved and when it will be paid. Dividend payment also affect share prices.
This page will be updated from time to time.
Payment date – This is when dividend will be paid to you either via post (dividend warrants) or direct credit to your bank accounts (e-dividend).
Closure of Register – Only shareholders who own shares before this date will be paid dividend. If you sell before this date you won’t get dividend. If you sell after you will still get dividend but the new owner will not get.
You can also scroll sideways to view the rest of the columns if using a mobile phone.
|COMPANY||DATE ANNOUNCED||DIVIDEND/SHARE||BONUS||CLOSURE OF REGISTER||AGM DATE||PAYMENT DATE|
|Neimeth Int'l Pharmaceuticals Plc||Nil||1 for 10||31st January 2017||7th February 2017|
|Stanbic IBTC Holdings Plc||3rd January 2017||Nil||Three working Days after the AGM|
|Vetiva Griffin ETF 30 (Interim)||15 Kobo||Nil||13th December 2016||16th December 2016|
|SIM Capital Alliance Value Fund||1000 Kobo||Nil||16th December 2016||22nd December 2016||28th December 2016|
|Nigerian Energy Sector Fund||5100 Kobo||Nil||1st December 2016||15th December 2016|
|UPDC REIT (Interim)||23 Kobo||Nil||1st December 2016||15th December 2016|
|Nigerian Breweries (Interim)||100 Kobo||Nil||17th – 23rd November 2016||24th November 2016|
|Total Oil Nigeria Plc (Interim)||700 kobo||Nil||21st – 25th November 2016||5th December 2016|
|Guinness Nigeria Plc||17/10/2016||50 Kobo||Nil||17th October 2016||23rd November 2016||24th November 2016|
|Fidson Healthcare Plc||23/9/2016||5 kobo||Nil||26th – 30th September 2016||19th October 2016||21st October 2016|
|Nig. Enamelware Plc||23/9/2016||45 kobo||Nil||24th – 28th October 2016||24th November 2016||28th November 2016|
|Conoil Plc||8/9/2016||300 kobo||Nil||October 3rd - October 17 2016||28th October 2016||7th November 2016|
|UBA Plc||25/8/2016||20 kobo||Nil||12th-16th September||N/A||19th September|
|Access Bank Plc (Interim)||19/8/2016||25 kobo||Nil||6th September 2016||N/A||13th September 2016|
|Guaranty Trust Bank Plc (Interim)||17/8/2016||25 kobo||Nil||1st September 2016||N/A||9th September 2016|
|PZ Cussons||17/8/2016||50 kobo||Nil||19th - 23rd September 2016||6th October 2016||7th October 2016|
|Tripple Gee & Co||3 Kobo||Nil||To be advised||To be advised||To be advised|
|Smart Products||26 kobo||Nil||27th June 2016||26th July 2016||11th August 2016|
|Zenith Bank Plc (Interim)||42682||25 kobo||Nil||23rd August 2016||N/A||26th Sept. for ord shareholders/2nd Sept for GDR|
|Cutix Plc||42437||14 kobo||Nil||To be advised||To be advised||To be advised|
|Unity Kapital Assurance Plc||42621||1.5 kobo||Nil||15th - 29th August 2016||N/A||22nd August 2016|
|Total Oil Nigeria Plc (Interim)||29/7/2016||300 kobo||Nil||22nd -26th August 2016||N/A||6th September 2016|
|ABC Transport||29/7/2016||2 kobo||Nil||8th - 12th August 2016||19th August 2016||5th August 2016|
|Custodian & Allied Plc (Interim)||28/7/2016||7 kobo||Nil||22nd August 2016||N/A||1st September 2016|
|Pharma Deko||28/7/2018||15 kobo||Nil||12th August 2016||N/A||16th September 2016|
|Nig. Enalmareware||28/7/2016||45 kobo||Nil||To be advised||To be advised||To be advised|
|GSK Nigeria Plc (Special)||28/7/2016||60 Kobo||Nil||1st September 2016||N/A||7th September 2016|
|Flour Mills Nigeria Plc||22/7/2016||100 kobo||Nil||18th - 12th August 2016||8th September 2016||12th September 2016|
|Red Star Express||42376||35 kobo||Nil||27th June - 29th July 2016||18th August 2016||1st September 2016|
|Seven Up Bottling Company||29/6/2016||160 kobo||Nil||18th - 29th July 2016||28th September||28th September|
|Consolidated Hallmark Insurance Plc||_1 Kobo||_Nil||_9th Ð 13 May 2016||_24th May 2016||_24th May 2016|
|AG Leventis Nigeria Plc||13/6/2016||10 Kobo||Nil||22nd - 26th August 2016||8th September 2016||9th September 2016|
|Niger Insurance Plc||42557||3.5 kobo||Nil||18th July - 22nd July 2016||_26th July 2016||28th July 2016_|
|Presco Plc||42557||100 kobo||Nil||4th - 6th July 2016||20th July 2016||21st July 2016|
|Cadbury Nigeria Plc||31/5/2016||65 kobo||Nil||27th June - 1st July 2016||19th July 2016||20th July 2016|
|C & I Leasing Plc||31/5/2016||4 Kobo||Nil||10th - 16th June 2016||16th June 2016||16th June 2016|
|CAP Plc||23/5/2016||120 kobo||Nil||31st May - 6th June 2016||16th June 2016||17th June 2016|
|Fortis Microfinance Bank Plc||20/5/2018||Nil||1 for 1||To be advised||To be advised||To be advised|
|Eterna Plc||20/5/2016||25 kobo||Nil||To be advised||To be advised||To be advised|
|Cement Co. of Northern Nig. Plc||20/5/2016||10 kobo||Nil||4th - 8th July 2016||11th August 2016||11th August 2016|
|BOC Gases Nigeria Plc||18/5/2016||5 kobo||Nil||3rd - 10th June 2016||16th June 2016||20th June 2016|
|Beta Glass||42709||40 kobo||Nil||13th -17th July 2016||30th June 2016||1st July 2016|
|eTranzact International Plc||42679||10 kobo||Nil||1st - 7th July 2016||1st July 2016||8th July 2016|
|International Brew. Plc||42648||35 kobo||Nil||18th - 22nd July 2016||9th August 2016||11th August 2016|
|NEM Insurance Plc||42648||6 kobo||Nil||23rd - 27th May 2016||8th June 2016||8th June 2016|
|NPF Microfinance Bank||42434||15 Kobo||Nil||11th - 15th July 2016||3rd August 2016||4th August 2016|
|FBN Holdings Plc||26/4/2016||15 Kobo||Nil||9th - 13th May 2016||26th May 2016||30th May 2016|
|Okomu Oil Palm Co. Plc||14/4/2016||10 Kobo||Nil||10th - 13th May 2016||21th June 2016||27th June 2016|
|Ecobank Transnational Inc.||13/4/2016||0.2 cents||Nil||19th July 2016||17th June 2016||2nd August 2016|
|McNichols Consolidated Plc||13/4/2016||3 kobo||1 for 10||16th June 2016||21st July 2016||25th July 2016|
|Seplat Pet. Dev. Co. Plc||42678||4 cents||Nil||20th May 2016||1st June 2016||9th June 2016|
|May & Baker Nigeria Plc||14/4/2016||6 kobo||Nil||18th - 22nd April 2016||26th May 2016||6th June 2016|
|Continental Reinsurance Plc||42586||12 kobo||Nil||18th - 22nd July 2016||28th July 2016||29th July 2016|
|Infinity Trust Mortgage Bank Plc||42586||3 kobo||Nil||22nd April 2016||10th May 2016||16th May 2016|
|Regency Alliance Ins. Plc||42464||3 kobo||Nil||22nd -28th May 2016||26th May 2016||27th May 2016|
|NASCON Allied Industries Plc||42464||55 kobo||Nil||12th - 13th May 2016||19th May 2016||23rd May 2016|
|Aluminium Extrusion Ind. Plc||42464||8.5kobo||Nil||30th May- 3rd June 2016||15th July 2016||18th July 2016|
|AIICO Insurance Plc||42464||5 kobo||Nil||25th -29th April 2016||5th May2016||6th May 2016|
|Total Oil Nigeria Plc||42373||1200 kobo||Nil||18th - 22nd April 2016||10th June 2016||13th June 2016|
|Custodian & Allied Plc||42373||14 kobo||Nil||14th - 20th April 2016||3rd May 2016||3rd May 2016|
|MRS Oil Nigeria Plc||42373||110 kobo||Nil||11th - 15th July 2016||4th August 2016||5th August 2016|
|UACN||30/3/2016||100 kobo||Nil||16th-20th May 2016||8th June 2016||9th June 2016|
|Berger Paints Nigeria Plc||30/3/2016||75 kobo||Nil||4th May 2016||9th June, 2016||13th June 2016|
|Fidelity Bank Plc||30/3/2016||16 Kobo||Nil||18th - 22nd April 2016||5th May 2016||5th May 2016|
|Transnational Corp. of Nig||30/3/2016||Nil||1 for 20||14th - 19th April 2016||29th April 2016||N/A|
|Nign Aviation Handling Co. Plc||30/3/2016||20 Kobo||Nil||6th - 10th June, 2016||26th July 2016||26th July 2016|
|FCMB Group Plc||30/3/2016||10 Kobo||Nil||13th - 19th April||29th April 2016||2nd May 2016|
|Mobil Oil Nigeria Plc||30/3/2016||720 Kobo||Nil||28th - 30th April 2016||25th May 2016||1st June 2016|
|Julius Berger Nigeria Plc||30/3/2016||150 Kobo||Nil||31st May - June 2016||16th June 2016||17th June 2016|
|Unilever Plc||24/3/2016||5 kobo||Nil||11th - 15th April 2016||12th May 2016||13th May 2016|
|Transcorp Hotels Plc||24/3/2016||40.85 kobo||Nil||5th April 2016||15th April 2016||18th April 2016|
|Transnationwide Express Ltd||22/3/2016||10 Kobo||Nil||11th - 15th July 2016||21st July 2016||5th August 2016|
|Paints and Coatings Ltd||22/3/2016||5 kobo||Nil||6th April 2016||20th April 2016||29th April 2016|
|Sterling Bank Plc||22/3/2016||9 kobo||Nil||4th April 2016||19th April 2016||19th April 2016|
|United Capital Plc||21/3/2016||35 kobo||Nil||31st March 2016||14th April 2016||18th April 2016|
|Dangote Sugar Plc||18/3/2016||50 kobo||Nil||4th-8th April 2016||20th April 2016||20th April 2016|
|Lafarge Africa Plc||18/3/2016||300 kobo||1 for 10||25th April 2016||12th May 2016||12th May 2016|
|Ashaka Cement Plc||18/3/2016||15 kobo||Nil||26th April 2016||10th May 2016||11th May 2016|
|Access Bank Plc||17/3/2016||30 kobo||Nil||13th April 2016||27th April 2016||27th April 2016|
|Axa Mansard Insurance Plc||17/3/2016||2 Kobo||Nil||29th April 2016||13th May 2016||13th May 2016|
|GSK Nigeria Plc||16/3/2016||30 Kobo||Nil||25th May 2016||23rd June 2016||24th June 2016|
|Nestle Nigeria Plc||16/3/2016||1900 Kobo||Nil||9th to 13th May 2016||23rd May 2016||24th May 2016|
|Zenith Bank Plc||15/3/2016||155 Kobo||Nil||29th March 2016||6th April 2016||6th April 2016|
|United Bank for Africa Plc||14/3/2016||40 Kobo||Nil||30th March to 5th April 2016||8th April 2016||12th April 2016|
|Guaranty Trust Bank Plc||14/3/2016||152 Kobo||Nil||29th March 2016||5th April 2016||5th April 2016|
|Wapic Insurance Plc||10/3/16||3 Kobo||Nil||23rd March 2016||5th April 2016||5th April 2016|
|Africa Prudential Registrars Plc||2/3/16||43 Kobo||Nil||23rd to 29th March 2016||12th April 2016||13th April 2016|
|Dangote Cement Plc||1/3/16||800 Kobo||Nil||11th to 15th April 2016||19th April 2016||21st April 2016|
|Greif Nigeria Plc||29/2/2016||60 Kobo||Nil||22nd to 24th March 2016||28th April 2016||6th May 2016|
|Nigerian Breweries Plc||8/2/16||360 kobo||Nil||3rd to 9th March 2016||11th May 2016||12th May 2016|
|Forte Oil Plc||2/2/16||345 kobo||Nil||18th to 21st April 2016||22nd April 2016||29th April 2016|
|Vitafoam Plc||7/1/16||25 kobo||Nil||15th to 19th February 2016||2nd March 2016||14th March 2016|
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Meristem presents Outlook for 2021 titled ‘Bracing for a different future’
Meristem for the past 16 years has been consistent in value creation and innovation within the capital market space.
Meristem Securities Limited, a leading capital market conglomerate has recently launched its economic outlook report for the year 2021. The outlook report titled ‘Bracing for a Different Future’ highlighted in depth a wide range of issues relevant to an evolving future. With a global economy that has been scarred by the impact of the COVID-19 pandemic, the domestic economy was not left out, as the Nigeria economy slipped back into a recession, amplifying the structural weakness of the domestic economy in the form of weakening exchange rates, rising inflation, among others.
In Meristem’s H2:2020 Outlook: “Unmasking Value in a Scourge”, Meristem had warned that the threat of a second wave of new infections was very much a possibility. As a result, the recovery of economic activities would remain fragile until a vaccine is developed. Hence, much would depend on strict compliance with social distancing and healthcare measures as economies gradually re-opened. The Deputy Managing Director of Meristem, Sulaiman Adedokun, stated that while the rising number of daily infections pose a threat to economic activities, we expect a rebound of the domestic economy”.
Launching the outlook “Bracing the future” during a webinar attended by institutional investors, corporate clients, retail investors amongst other industry professionals, Sulaiman also commented on the equities market highlighting that “The equities market recovered from deep selloffs to finish as the best performing equities market last year, citing unattractive yields in the fixed income market, excess liquidity and a resilient corporate performance in the middle of a pandemic as major factors which drove the market.” “We expect these factors to persist thereby sustaining the positive momentum of the market through the better part of the year; in the first half of the year, we expect the financial market to be dominated by attractive dividend yields and the low yield in the fixed income market,” Sulaiman added.
The face of work has changed and many corporate organizations and their employees are rapidly adopting cutting-edge technology to meet the future of work in a COVID-19 era. While fielding questions from journalists about how the organization has deployed its business continuity plan, Sulaiman expressed that “The pandemic has influenced changes amongst people globally and we have enabled this change in our organization by utilizing the power of technology, we have also adopted a work from home culture that enables team collaboration through technology, we intend to maintain this even beyond the pandemic.”
Meristem offers a wide a range of services that cater to all classes of investors regardless of the stage in their financial journey, services like stockbroking, wealth management and financial advisory help clients to access various opportunities within the capital market. Via Meritrade, an online stockbroking platform, investors can trade stocks from anywhere around the world as well as better manage their shares and enjoy access to the most exclusive market research.
Meristem for the past 16 years has been consistent in value creation and innovation within the capital market space. In 2018, the Nigerian Stock Exchange awarded Meristem as the Best Digital Broker of the Year. In the same year, Meristem also became the first Nigerian asset management firm to attain compliance with the Global Investment Performance Standards (GIPS) by the CFA Institute. Still, in 2018, Meristem received two nominations from Business Day, for the best Money market Fund and Equity Fund.
The firm has remained a leading player in Nigeria’s competitive investment market with a solid reputation as a highly professional and client-centric firm, helping to take their clients farther.
Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service
Tizeti is rolling out its 4G LTE network in Edo State, with monthly fixed broadband costs pegged at four thousand Naira ($8).
As part of its commitment to ensuring access to affordable broadband connectivity in Africa’s underserved populations, Tizeti, West Africa’s pioneer solar-based internet service provider is rolling out its 4G LTE network in Edo State, with monthly fixed broadband costs pegged at four thousand Naira ($8). With this move, millions of people in Edo State previously outside the broadband envelope can now take advantage of high-speed broadband internet from Tizeti.
Announcing the rollout of its new low-cost unlimited 4G services in Edo, the Chief Executive Officer of Tizeti, Kendall Ananyi, said that this 4G broadband internet will empower more Nigerians in Edo State, stimulate economic activities and provide unlimited access to affordable and reliable broadband services as well as complement the Edo State Government’s efforts in driving investment promotion and building a robust technology ecosystem in the state.
“Rolling out 4G LTE broadband internet in Edo at the cheapest fixed broadband prices in Nigeria, and possibly Africa, is a strategic decision for us. We have been building brand-new, solar-powered, 4G-capable towers in Edo, starting with Benin City, which leverages Edo State’s expansive fiber-network built by some of our partners, MainOne and Facebook. Edo State has a large population of vibrant, young people and a high number of higher institutions, which provides a foundation for a robust and thriving ecosystem to enable digital leadership. And the Edo State Governor, Mr. Godwin Obaseki, is implementing reforms in investment promotion and determination to build a robust technology ecosystem in the state, with an agenda that prioritizes Information Communication Technology (ICT)-compliant pedagogy in primary schools, improves digital skills for students and graduates and revamps technical education to increase productivity. This has created a perfect environment for us to roll out our low-cost broadband service, starting in Edo State, but with plans to expand across the country over the next few months,” Ananyi said.
Corroborating Ananyi, Tizeti’s Chief Operating Officer, Ifeanyi Okonkwo, states, “The launch in Edo State is personal to us as founders of Tizeti because we are alumni of the University of Benin. At 4,000 Naira monthly costs with a one-off installation cost of 4,000 Naira, we believe the plan is affordable, especially to undergraduate students. This provides a huge opportunity for people in Edo to benefit from unlimited broadband internet for use in online learning, eCommerce and entertainment, especially interactive games, video consumption, and music”.
Interested users in Edo State can pre-sign up at https://wifi.com.ng/edostate/; installations are expected to commence in Benin City on April 1st, 2021.
For many countries in Africa, there is still a huge digital divide. This boundary between connected and unconnected translates into clear consequences for employment, education, family and social life, and access to information. According to the World Wide Web Foundation, ensuring fast internet in Africa will enable billions more to come online, and to take advantage of the life-changing socio-economic opportunities that access to the Internet provides. Companies like Tizeti are playing a significant role in addressing the digital infrastructure deficits in Africa with innovative technology and capabilities, to improve development outcomes for millions of people.
Tizeti currently has 1.7 million unique users, with broadband services which include a new Skype-like personal and business enterprise communications service — WiFiCall.ng, and access to video streaming sites and services.
Tizeti is a fast-growing Wireless Internet service provider in Lagos, Nigeria, delivering high-speed unlimited Wi-Fi Internet access to residential and business customers using wide-area Wi-Fi. Its services are available in Lagos, Ogun, and Rivers State. It is also expanding rapidly to other African countries as it has been successfully launched in Accra and Tema, Ghana.
Kinyungu Ventures Research calls for changes to cut-and-paste VC strategy in Africa
The Paper recommends investment structures and approaches tailored to African operating conditions.
East African venture advisory firm, Kinyungu Ventures has published a white paper Chasing Outliers: Why Context Matters for Early Stage Investing in Africa that has found that there continues to be a wide misalignment between traditional venture capital models and the African market. The team behind the report is now calling for a broadening of approaches to institutional investment on the continent. Speaking with 100 Pan-African founders, investors, and LPs across 15 African countries, the research suggests investors should prioritize investing structures and practices that reflect the realities of operating in Africa. This includes adopting more flexible investing structures with longer time horizons.
According to the paper, there are multiple mismatches between key characteristics of Silicon Valley VC and African markets, which influence how startups and funds maneuver as well as what results they expect and produce. Findings show that African markets are large, but also fragmented, and its consumers have limited purchasing power. Furthermore, consumers on the continent are difficult to acquire and retain, yet the sheer size of the African market also presents a real opportunity for profit once the environment is clearly understood. The paper’s key recommendations for funds include:
- Adopting more focused investment strategies, such as investing in b2b companies or cross-subsidizing a portfolio with less risky, steady return assets.
- Considering non-unicorn investing models geared at more resilient companies, with returns distributed more widely across the portfolio
- Using flexible structures such as debt or PCVs to accommodate market-level changes, where feasible
- Allowing a longer time horizon for returns, understanding that growth could be slow and difficult to achieve for many companies
Kinyungu Ventures catalyzes resilient businesses for local intergenerational prosperity. The East African-centric investor focuses on entrepreneurship in East Africa, startups, seed funding, debt financing, impact investing and angel investing.
Speaking on the launch of the white paper, Tony Chen, Managing Director of Kinyungu Ventures and co-publisher of the report says, “Capital in Africa is scarce and pursuing a “growth at all costs” strategy where capital pools are shallow presents huge risks for companies. We’ve also found that many great businesses don’t fit the typical VC profile, but have tremendous unfulfilled potential”.
Tayo Akinyemi, lead researcher and writer of the report added: “In our conversations with numerous investors and founders, it is clear that nuances in variables such as consumer behavior, cultural norms, and business practices impact startups significantly and being on the ground is crucial for success. While African markets aren’t always able to provide the outsized returns that Silicon Valley typically looks for in high-growth companies, a more focused strategy here could unlock real gems, as has been proven by some of the startup successes the continent has seen over the years.”