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Corporate Press Releases

List Of Dividends Declared So Far In 2016 (Updated December 31, 2016)

Get the latest dividend announcements from the stocks you own



market maker

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.


Neimeth Int'l Pharmaceuticals PlcNil1 for 1031st January 20177th February 2017
Stanbic IBTC Holdings Plc3rd January 2017NilThree working Days after the AGM
Vetiva Griffin ETF 30 (Interim)15 KoboNil13th December 201616th December 2016
SIM Capital Alliance Value Fund1000 KoboNil16th December 201622nd December 201628th December 2016
Nigerian Energy Sector Fund5100 KoboNil1st December 201615th December 2016
UPDC REIT (Interim)23 KoboNil1st December 201615th December 2016
Nigerian Breweries (Interim)100 KoboNil17th – 23rd November 201624th November 2016
Total Oil Nigeria Plc (Interim)700 koboNil21st – 25th November 20165th December 2016
Guinness Nigeria Plc17/10/201650 KoboNil17th October 201623rd November 201624th November 2016​
Fidson Healthcare Plc23/9/20165 koboNil26th – 30th September 201619th October 201621st October​ 2016​
Nig. Enamelware Plc23/9/201645 koboNil24th – 28th October 2016​​24th November 201628th November 2016
Conoil Plc8/9/2016300 koboNilOctober 3rd - October 17 201628th October 20167th November 2016
UBA Plc25/8/201620 koboNil12th-16th SeptemberN/A19th September
Access Bank Plc (Interim)19/8/201625 koboNil6th September 2016N/A13th September 2016
Guaranty Trust Bank Plc (Interim)17/8/201625 koboNil1st September 2016N/A9th September 2016
PZ Cussons17/8/201650 koboNil19th - 23rd September 20166th October 20167th October 2016
Tripple Gee & Co3 KoboNilTo be advisedTo be advisedTo be advised
Smart Products26 koboNil27th June 201626th July 201611th August 2016
Zenith Bank Plc (Interim)4268225 koboNil23rd August 2016N/A26th Sept. for ord shareholders/2nd Sept for GDR
Cutix Plc4243714 koboNilTo be advisedTo be advisedTo be advised
Unity Kapital Assurance Plc426211.5 koboNil15th - 29th August 2016N/A22nd August 2016
Total Oil Nigeria Plc (Interim)29/7/2016300 koboNil22nd -26th August 2016N/A6th September 2016
ABC Transport29/7/20162 koboNil8th - 12th August 201619th August 20165th August 2016
Custodian & Allied Plc (Interim)28/7/20167 koboNil22nd August 2016N/A1st September 2016
Pharma Deko28/7/201815 koboNil12th August 2016N/A16th September 2016
Nig. Enalmareware28/7/201645 koboNilTo be advisedTo be advisedTo be advised
GSK Nigeria Plc (Special)28/7/201660 KoboNil1st September 2016N/A7th September 2016
Flour Mills Nigeria Plc22/7/2016100 koboNil18th - 12th August 20168th September 201612th September 2016
Red Star Express4237635 koboNil27th June - 29th July 201618th August 20161st September 2016
Seven Up Bottling Company29/6/2016160 koboNil18th - 29th July 201628th September28th September
Consolidated Hallmark Insurance Plc_1 Kobo_Nil_9th Ð 13 May 2016_24th May 2016_24th May 2016
AG Leventis Nigeria Plc13/6/201610 KoboNil22nd - 26th August 20168th September 20169th September 2016
Niger Insurance Plc425573.5 koboNil18th July - 22nd July 2016_26th July 201628th July 2016_
Presco Plc42557100 koboNil4th - 6th July 201620th July 201621st July 2016
Cadbury Nigeria Plc31/5/201665 koboNil27th June - 1st July 201619th July 201620th July 2016
C & I Leasing Plc31/5/20164 KoboNil10th - 16th June 201616th June 201616th June 2016
CAP Plc23/5/2016120 koboNil31st May - 6th June 201616th June 201617th June 2016
Fortis Microfinance Bank Plc20/5/2018Nil1 for 1To be advisedTo be advisedTo be advised
Eterna Plc20/5/201625 koboNilTo be advisedTo be advisedTo be advised
Cement Co. of Northern Nig. Plc20/5/201610 koboNil4th - 8th July 201611th August 201611th August 2016
BOC Gases Nigeria Plc18/5/20165 koboNil3rd - 10th June 201616th June 201620th June 2016
Beta Glass4270940 koboNil13th -17th July 201630th June 20161st July 2016
eTranzact International Plc4267910 koboNil1st - 7th July 20161st July 20168th July 2016
International Brew. Plc4264835 koboNil18th - 22nd July 20169th August 201611th August 2016
NEM Insurance Plc426486 koboNil23rd - 27th May 20168th June 20168th June 2016
NPF Microfinance Bank4243415 KoboNil11th - 15th July 20163rd August 20164th August 2016
FBN Holdings Plc26/4/201615 KoboNil9th - 13th May 201626th May 201630th May 2016
Okomu Oil Palm Co. Plc14/4/201610 KoboNil10th - 13th May 201621th June 201627th June 2016
Ecobank Transnational Inc.13/4/20160.2 centsNil19th July 201617th June 20162nd August 2016
McNichols Consolidated Plc13/4/20163 kobo1 for 1016th June 201621st July 201625th July 2016
Seplat Pet. Dev. Co. Plc426784 centsNil20th May 20161st June 20169th June 2016
May & Baker Nigeria Plc14/4/20166 koboNil18th - 22nd April 201626th May 20166th June 2016
Continental Reinsurance Plc4258612 koboNil18th - 22nd July 201628th July 201629th July 2016
Infinity Trust Mortgage Bank Plc425863 koboNil22nd April 201610th May 201616th May 2016
Regency Alliance Ins. Plc424643 koboNil22nd -28th May 201626th May 201627th May 2016
NASCON Allied Industries Plc4246455 koboNil12th - 13th May 201619th May 201623rd May 2016
Aluminium Extrusion Ind. Plc424648.5koboNil30th May- 3rd June 201615th July 201618th July 2016
AIICO Insurance Plc424645 koboNil25th -29th April 20165th May20166th May 2016
Total Oil Nigeria Plc423731200 koboNil18th - 22nd April 201610th June 201613th June 2016
Custodian & Allied Plc4237314 koboNil14th - 20th April 20163rd May 20163rd May 2016
MRS Oil Nigeria Plc42373110 koboNil11th - 15th July 20164th August 20165th August 2016
UACN30/3/2016100 koboNil16th-20th May 20168th June 20169th June 2016
Berger Paints Nigeria Plc30/3/201675 koboNil4th May 20169th June, 201613th June 2016
Fidelity Bank Plc30/3/201616 KoboNil18th - 22nd April 20165th May 20165th May 2016
Transnational Corp. of Nig30/3/2016Nil1 for 2014th - 19th April 201629th April 2016N/A
Nign Aviation Handling Co. Plc30/3/201620 KoboNil6th - 10th June, 201626th July 201626th July 2016
FCMB Group Plc30/3/201610 KoboNil13th - 19th April29th April 20162nd May 2016
Mobil Oil Nigeria Plc30/3/2016720 KoboNil28th - 30th April 201625th May 20161st June 2016
Julius Berger Nigeria Plc30/3/2016150 KoboNil31st May - June 201616th June 201617th June 2016
Unilever Plc24/3/20165 koboNil11th - 15th April 201612th May 201613th May 2016
Transcorp Hotels Plc24/3/201640.85 koboNil5th April 201615th April 201618th April 2016
Transnationwide Express Ltd22/3/201610 KoboNil11th - 15th July 201621st July 20165th August 2016
Paints and Coatings Ltd22/3/20165 koboNil6th April 201620th April 201629th April 2016
Sterling Bank Plc22/3/20169 koboNil4th April 201619th April 201619th April 2016
United Capital Plc21/3/201635 koboNil31st March 201614th April 201618th April 2016
Dangote Sugar Plc18/3/201650 koboNil4th-8th April 201620th April 201620th April 2016
Lafarge Africa Plc18/3/2016300 kobo1 for 1025th April 201612th May 201612th May 2016
Ashaka Cement Plc18/3/201615 koboNil26th April 201610th May 201611th May 2016
Access Bank Plc17/3/201630 koboNil13th April 201627th April 201627th April 2016
Axa Mansard Insurance Plc17/3/20162 KoboNil29th April 201613th May 201613th May 2016
GSK Nigeria Plc16/3/201630 KoboNil25th May 201623rd June 201624th June 2016
Nestle Nigeria Plc16/3/20161900 KoboNil9th to 13th May 201623rd May 201624th May 2016
Zenith Bank Plc15/3/2016155 KoboNil29th March 20166th April 20166th April 2016
United Bank for Africa Plc14/3/201640 KoboNil30th March to 5th April 20168th April 201612th April 2016
Guaranty Trust Bank Plc14/3/2016152 KoboNil29th March 20165th April 20165th April 2016
Wapic Insurance Plc10/3/163 KoboNil23rd March 20165th April 20165th April 2016
Africa Prudential Registrars Plc2/3/1643 KoboNil23rd to 29th March 201612th April 201613th April 2016
Dangote Cement Plc1/3/16800 KoboNil11th to 15th April 201619th April 201621st April 2016
Greif Nigeria Plc29/2/201660 KoboNil22nd to 24th March 201628th April 20166th May 2016
Nigerian Breweries Plc8/2/16360 koboNil3rd to 9th March 201611th May 201612th May 2016
Forte Oil Plc2/2/16345 koboNil18th to 21st April 201622nd April 201629th April 2016
Vitafoam Plc7/1/1625 koboNil15th to 19th February 20162nd March 201614th March 2016
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.



  1. oyeniran banji

    February 25, 2016 at 5:20 pm

    when is zenithbank declearing there result, and amount of dividend to be paid

    • Anonymous

      March 21, 2016 at 5:21 pm

      Zenith has declared final Division N 1.55k + interim. 0.25k=N1.80k

  2. Olufemi

    March 15, 2016 at 7:35 am

    Hello Oyeniran, GTB and Zenith are usually the first to declare their results. GTB declared yesterday. I’m sure Zenith will follow very shortly.

  3. Anonymous

    March 15, 2016 at 7:41 pm

    The two companies results are fantastic. Hope same will translate to more funding of real sector

  4. Anonymous

    March 17, 2016 at 12:05 am



    March 17, 2016 at 4:21 pm

    For banks whose closure of register span within 4 – 6 days i.e UBA, If I buy at any of those days within the closure of Register will I still be entitled to dividend?

  6. Joel

    March 17, 2016 at 9:05 pm

    You are doing a good job, Nairametrics. God bless you

  7. Ojuolape A. O.

    March 18, 2016 at 1:00 pm

    Good job nairametrics; please let us know the venue and time for their AGMs. UBA’s dividend is not impressive at all.

  8. Anonymous

    March 18, 2016 at 6:36 pm

    Nairametrics; keep it up! you are really doing a good job. But do we have any hope of First Bank ,paying any dividend?

    • Nairametrics

      March 19, 2016 at 11:52 am

      We doubt FBNH will pay dividends this year

      • Theresa Anyanwu

        July 27, 2016 at 1:58 pm

        pls sir, i need some advice from you but confidential. so how do I go about it. can i have your e-mail ? thanks

  9. Adegoke

    March 21, 2016 at 11:19 pm

    Which company book will close in April 2016

  10. Idris adebiye

    March 23, 2016 at 8:04 am

    Access Bank 30k Dividend is not on the list. Kindly confirm and update.

    • Anonymous

      April 8, 2016 at 5:34 pm

      They are first on the list

  11. osho oluwagbemiga

    March 23, 2016 at 1:31 pm

    i am having a sky bank shares of 2000 units @ 50kobo each which i bought in 2005,i just want to know the current total amount in naira before the money will be posted to my bank account

  12. Abdullahi

    March 25, 2016 at 11:41 am

    So far all the results released are impressive.


    March 27, 2016 at 12:13 am


    • Anonymous

      April 7, 2016 at 12:38 pm

      You may need to consider changing your broker. Investment One offers you all of these services

  14. Anonymous.

    March 28, 2016 at 2:16 pm

    Cant see the dividend declared. Only the comment is what I can access.

  15. Emmanuel

    March 31, 2016 at 7:28 am

    what is the implication of Transcorp diluted earnings per share of N0.51 declared yesterday?

  16. Anonymous

    April 4, 2016 at 3:04 pm

    Wil first bank declare dividend this year

  17. David

    April 4, 2016 at 8:31 pm

    How can one access the dividend declared for 2016 from your page. Only posted comment is what we are seeing here.

    • Nairametrics

      April 4, 2016 at 8:35 pm

      Hi David, How do you mean “access the dividend”?

      • Babajide Owoniya

        April 4, 2016 at 10:48 pm

        Good day , There is no schedule of list of Dividends declared so far in 2016 (updated 31 March 2016) in your article.

        Kindly check

        • Nairametrics

          April 5, 2016 at 7:04 am

          It is on the page. Just wait for a few seconds for it to load.

  18. David

    April 4, 2016 at 8:48 pm

    How can I see the list of Company that has declared dividend for year 2016 from your page here

  19. Anonymous

    April 5, 2016 at 10:21 pm

    Oando management promised to pay dividend as if they are paying salary but today what is happening.

  20. Olufemi

    April 11, 2016 at 12:22 pm

    Dear Nairametrics, the list of dividends is not showing. Please can anybody see it?

  21. Choji, Davou

    April 13, 2016 at 3:13 pm

    I am impress with your site. May God bless you. I do not know whether you know much of points and index numbers are derived from stocks especially that of Nigeria

  22. Anonymous

    April 25, 2016 at 11:26 am

    When is the first bank declaring their dividends, does anyone know?

  23. teingo

    April 26, 2016 at 6:37 pm

    I think the table is not compatible with mobile devices. It shows clearly on a computer system so maybe its a setting issue. First Bank just declared a miserable 15k dividend today.

    • Nairametrics

      April 26, 2016 at 7:33 pm

      What mobile phones do you use that is not working with it? Kindly let us know…tnx

    • Bola Oyebo

      May 1, 2016 at 6:51 pm

      Hi Teingo

      I also had similar issues. Try using a different browsers if your phone uses android os . You might also need to view the dividend table o n landscape view on your phone.

  24. Anonymous

    April 27, 2016 at 8:33 am

    Good morning Nairametrics, Transcorp Hotels is not included in your list. Kindly update.

  25. Anonymous

    May 3, 2016 at 12:21 am

    Is this a joke or what. 15kobo declared FBNH . It’s a lie.

    • Walty

      May 28, 2016 at 6:53 am

      No shit! This is not the change you seek I presume?

  26. Babatunde Olafare

    May 4, 2016 at 9:52 pm

    I want to know the bank that took over intercontinental bank plc and Oceanic bank. Are they not paying dividends bcos I have not receive any since they are sold out by Elrufai

  27. Mathew Imobhio Isesele

    May 5, 2016 at 9:40 pm

    I bought some nos os shares from the them Gulf bank, but since UBA bought then, do i still have any shares with then>, because i have sent there registrars letter and i have also sent then an e-mail, but got no response from them, do i forget the whole matter or should continue?. Mathew

    • Nairametrics

      May 6, 2016 at 9:53 am

      Yes, you probably still do. Get in touch with the registrars of UBA, Africa Prudentials. They will confirm for you. Cheers

  28. Valentinenwoko

    May 8, 2016 at 10:16 pm

    Pls confirm CI leasing declared 4kobo dividend. Pls when is closure of register.

    • Ugodre

      May 8, 2016 at 11:02 pm

      C&I Leasing is yet to officially declare dividends this year. They however declared 8 kobo dividend last year.

  29. Uchechukwu Obed

    May 9, 2016 at 5:49 pm

    What I received from Fidelity bank as dividend is far short of what I am truely entitled to; I was paid N8,000 for my over 200,000 shares, which translates to just 4k per share. How do I go about correcting this gross underpayment?

    • Nairametrics

      May 9, 2016 at 9:45 pm

      Fidelity bank dividend was 16 kobo. So you’d have to get in touch with their registrar to help sort it out

      • Uchechukwu Obed

        May 10, 2016 at 9:03 am

        Thank you Nairametrics for your kind and prompt attention to my complaint on Fidelity bank dividend underpayment to me. But please, could you give me the name of the registrars to Fidelity bank?

  30. Uchechukwu Obed

    May 10, 2016 at 8:54 am

    Thank you Nairametrics for your kind and prompt attention to my complaint on Fidelity bank dividend undergarment to me. But please, could you give me the name of the registrars to Fidelity bank?

  31. Anonymous

    May 11, 2016 at 9:39 am

    pls nairametrics, your dividend calendar is good but did not include dates for closure of registry and payment. when is first bank paying?

    • Nairametrics

      May 11, 2016 at 2:16 pm

      Dates are included. Just scroll to the left of the table.

      • Nairametrics

        May 11, 2016 at 2:17 pm

        Scroll sideways to your left or right to view the full table if you are using a mobile phone

  32. Lemo Olusiji Olaseni

    May 18, 2016 at 6:58 pm

    Sir, what is the current price of FBNH. Tanx

  33. John adams

    May 19, 2016 at 4:08 pm

    This is a wonderful resource especially for people in the Diaspora. You may want to include the registrars of each company as the companies change the registrars almost without notice to shareholders.

    • Nairametrics

      May 19, 2016 at 4:52 pm

      Feedback noted thanks

  34. spacegold7

    May 26, 2016 at 8:04 am

    Excellent Reportage, particularly with the Dividends Tracker section.
    So far, I’ve discovered that all the Dividend Payment Dates were ACCURATE!
    For instance, I have personally received Dividends for Nestle, Nig. Breweries on the exact payment dates stated in this report.
    However, I observed that payment dates of certain stocks were stated as 01-Jan-1970(?) – about 46 years ago? What’s the real problem(s) here, pls?

    Nevertheless, I personally fall in love with Nairametric’s interactive on-line Reportage;
    Pls. which Stock-Broking Firm do you represent?
    Because I may be tempted to shift my present base in preference to Nairametrics (or their Stockbroking Firm).


    Cornelius Adewale

  35. ERNEST

    June 2, 2016 at 3:51 am

    The economy is truly in shambles. Pls how much dividend did they declare for 2015 financial year? Any Bonus issue?


    June 8, 2016 at 6:22 am

    When will Niger Insurance Plc. and Oando Plc. declare their dividend?

  37. Lucky Mpama

    June 10, 2016 at 1:11 pm

    What are CAP Plc, UACP, and NAHCO paying and when?

  38. Ken

    June 11, 2016 at 7:20 am

    Do UBN and UBA still declare dividend? I have not heard from them in many years.

  39. Jeffrey A.

    June 14, 2016 at 2:35 am

    Thanks Nairametrics for doing this great job. I bought some units of shares from the then “Allstates Trust Bank” which was acquired by Ecobank through “Purchase and Assertion”. How do I track my units of share bought and where do I start from?

  40. Anonymous

    June 14, 2016 at 9:30 pm

    Nairametrics, can you put this in excel form, so we can make calculations from it?

    • Nairametrics

      June 14, 2016 at 11:57 pm

      Ok..we will include a download by excel feature

  41. ayodele

    June 23, 2016 at 1:05 pm

    Pls can you tell me if union registrar still handles nestle Nigeria plc dividend warrant payments ?. Thanks

  42. Ify

    July 1, 2016 at 5:50 pm

    Can we get this in excel, thanks

    • Nairametrics

      July 3, 2016 at 3:39 pm

      You can now have it in excel

  43. Anonymous

    July 14, 2016 at 2:50 pm

    who are cileasing registrar

  44. Agbo innocent Adimora

    July 14, 2016 at 2:53 pm

    who are cileasing registrar

  45. Anonymous

    July 21, 2016 at 12:19 pm

    What about Union property Co Ltd.Wot the position on their listing

  46. Anonymous

    July 21, 2016 at 8:27 pm

    When will flour mill declare their dividend

  47. Theresa

    July 27, 2016 at 1:34 pm

    I have read your posts with much interest sir. I can understand that i need your kind assistance to intimate me about stocks, shares, buying and selling. I really appreciate your great job here.

    Meanwhile, i have shares with dangote flour mills and access bank since 2007. i don’t know how to go about this business.


  48. Isaac Abereijoa

    August 1, 2016 at 3:48 pm

    Hi Nairametric, you are really doing a good job here. I observed that since 2015 I have not received my dividend warrant. Kindly advice on what to do.

    Thank you


    Isaac Abereijo

  49. Ademola

    August 15, 2016 at 2:42 am

    Well done sir this is really good.
    I didn’t get to see diamond bank dividends… Are they yet to declear or what?

    • Nairametrics

      August 15, 2016 at 7:51 am

      Diamond Bank did not declare dividends this year

  50. princevinco

    August 15, 2016 at 6:36 pm

    From the above table, Dangote cement paid the highest dividend per share of 800k. Their Share holders will smile to the bank. Is unfortunate that while some companies were declaring 800k, others declaring only 10k. Companies that declared less than 50k should wake up.

  51. Angba A. Bulus

    August 18, 2016 at 1:42 pm

    i have not seen Aso Savings and Loans in the table/Catalogue of the banks that first bank registrars are handling their share dividends; what had happened? Since 2009 till date i have not received any dividend having bought 100,000 shares; or, has Aso bank gone stale? please come to my aid. Thank you in anticipation.

  52. Anonymous

    September 20, 2016 at 9:21 pm

    Wow, this site is awesome.I recently started by stocks in bulk this year and my ROI has been great so far thanks to my stockbrokers.But I have noticed from the dividend payout information that you provided that I receive only 90% of the value of my dividends, what could be the explanation for this?

    • Anonymous

      September 28, 2016 at 12:59 pm

      The remaining 10% goes as income tax to the Goverment

  53. Believe Ighorodje

    October 17, 2016 at 10:51 pm

    From some comment above I can see that must people just buy shares without knowing what they are doing. A guy above talked about Dangote Cement paying the highest dividend, saying any company paying below 50kobo should wake up. Let me enlighten you small. supposing you use 500 thousand to buy Dangote cement at #180 per share i.e your shares will be 2,777 units (500,000/180) then multiply it by 800k which is #8 by 2,777= #22,216 dividend for Dan. Cem. Than lets use the same #500,000 to buy Africa prudential registrar at #3.00 per share, it will be 166,666 units. now multiply 166,666 by 0.43k dividend which they declared. the amount will be #71,666 dividend. so, Dangote cem and Afriprud who reward share holders well? when investing, try and asserting your ROI. Thank u.

  54. vivienhouns85

    November 4, 2016 at 7:53 am

    It’d be great if the information could be presented in terms of dividend yield. I believe that’s what Believe Ighoodje is referring to above…

  55. Ken Nwokocha

    November 9, 2016 at 7:10 am

    Has Union bank been paying dividend? When did Transcorp holding and Transcorp hotel become different companies?

    • Anonymous

      December 2, 2016 at 2:15 pm

      Union bank has not declared dividend for a good number of years now. Very sad.

      • Onome Ohwovoriole

        January 2, 2017 at 2:03 pm

        Union bank has negative retained earnings. Think of it as, a savings account with negative balance. So they cant pay dividends, till their retained arnings is positive.

  56. Vistus Onwuegbuzie

    November 22, 2016 at 6:18 am

    Will Resort savings and Loan ever declare dividends and bonuses.This should be investigated.

    • Onome Ohwovoriole

      January 2, 2017 at 2:12 pm

      Resort Savings and Loans is currently being investigated by the Securities and exchange Commission.

  57. Anonymous

    November 23, 2016 at 4:09 pm

    just to know if OANDO PLC would still declare any dividend for this 2016

  58. Ayis Nathaniel

    November 27, 2016 at 11:16 pm

    When is Oando plc paying the long awaited dividend declared for 2016?

  59. Baba Yusuf

    December 7, 2016 at 6:50 pm

    I can see from the comments above that speculation in the NSE is rife with people only interested in dividend payouts from the companies they invested in.
    Dividend accretion is not the only form of return obtainable from equity investments in the NSE.

    If the NSE is to grow to its full capacity we must develop ‘LONG TERM INVESTORS’ who are focused on the fundamentals of the companies they invest in so that they can benefit from ‘CAPITAL GAINS’ that arise from the continued growth of the companies over time.

    To make a killing (exceptional financial gains/returns) you must remain in the stock market (NSE) for at least 5 years (more like 10 years to be frank) and reinvest your dividends in the same company annually. Compounded returns from these investments will make your investments grow and multiply over time.

    A case in point:

    Nestle Nigeria PLC shares sold for N11.00 during General Sanni Abasha’s regime (1995), the same company share is now sold for circa. N800.00 after so many bonus issues and juicy dividend payments.

    I am sure if you bought just 2,000 units in 1995 you will be a multi millionaire now.

    My advise: Invest and stay in the market for the ‘LONG HAUL’.

  60. Tritri

    December 11, 2016 at 6:29 am

    @Nairametric My question..Do you think FCMB will pay dividend for 2017? Just ur thought

    • Nairametrics

      December 11, 2016 at 1:10 pm

      They paid 10 kobo per share last year despite poor results. Their pre-tax earnings is currently 19% year on year. We are positive that they will pay dividends.

      • Tritri

        December 11, 2016 at 10:42 pm

        Thanks Nairametrics What your Opinion/Analysis on Diamond against FCMB as a brother is confused here on which.Let me use this medium to say Thanks Creating this platform.

        • Onome Ohwovoriole

          January 2, 2017 at 2:01 pm

          Both are tier two banks. You have to specify, your investment horizon. In other words, how long do you intend holding them. I would suggest you go for fcmb. Since they have made fewer impairments. Theres also a higher probability of fcmb paying dividend.

  61. Tritri

    December 12, 2016 at 10:41 am

    Thanks Nairametrics What your Opinion/Analysis on Diamond against FCMB as a brother is confused here on which.Let me use this medium to say Thanks Creating this platform.

  62. ibee

    December 14, 2016 at 1:04 pm

    if i register for edividend, will all previously unclaimed dividend be remitted into my account or do i still need to do any further follow up?

    • Onome Ohwovoriole

      January 2, 2017 at 1:56 pm

      Good afternoon. You will still need to follow up on them. Since they were issued in paper form, and would have expired.

  63. akinrinde michael oloyeden

    December 25, 2016 at 4:13 am

    eco bank paid

  64. Lazarus Idorenyin Etim

    January 2, 2017 at 10:56 am

    Nairametrics you are simply the best, may God bless and reward you richly for the execellent services you are rendering to us. remain blessed.

  65. Keyinde fisher

    January 21, 2017 at 6:39 am

    1.How can I know which of our shares are Dematerialized? I am having trouble collecting these information from some Registrars. 2.How can I move all my shares from the Registrars to the Broker?

    • Nairametrics

      January 21, 2017 at 4:43 pm

      This article should help you
      Let us know if you have more questions.

  66. Anonymous

    January 21, 2017 at 6:47 am

    How do I get our shares and bonuses from the registrars. They are reluctant to transfer our bonuses and shares to our Broker.

    • Nairametrics

      January 21, 2017 at 4:44 pm

      What reasons did they provide for not transferring your shares and bonuses.

  67. Anonymous

    January 21, 2017 at 7:27 pm

    Thank you for responding, they said we should tell our broker to provide them with a list of the Dematerilized shares. We do know how to determine the Dematerialized shares.Please how do we get this information?

    • Nairametrics

      January 22, 2017 at 10:51 am

      Your broker will give you your account statement listing all the shares you have and the dates they were acquired. Brokers are supposed to give you this information upon request. You can also register with the CSCS. It’s an independent service that can verify the information that your broker gives you.

  68. Holla

    February 3, 2017 at 3:06 pm

    Hello, Please confirm if you know when financial statements and corporate actions for yearend 2016 are expected. Principally for the financial sector. There were news of meetings and statements that corporate actions will be decided at those meeting and all we have now, it seems is silent.

  69. Holla

    February 3, 2017 at 3:08 pm

    Hello, Please confirm if you know when financial statements and corporate actions for yearend 2016 are expected. Principally for the financial sector. There were news of meetings and statements that corporate actions will be decided at those meeting and all we have now, it seems is silent.

  70. Holla

    February 10, 2017 at 3:43 pm

    It would appear the silence epidemic had spread to Nairametric!

  71. Asmau A Gumi

    August 27, 2017 at 2:44 pm

    Since 2003 I have bought shares in Dangote flour mills plc but have never collected any dividend. Pls how do I go about it?

    • Nairametrics

      August 28, 2017 at 12:47 am

      Check with your registrar

  72. walesman

    December 3, 2017 at 7:31 am

    Please I am interested in Promasidor shares, but i do not have an idea how to buy. Kindly assist.

    • Nairametrics

      December 3, 2017 at 11:01 pm

      You can buy it at the NASD

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Corporate Press Releases

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.

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Corporate Press Releases

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.

READ: Facebook, MainOne romance to birth high speed internet for Ogun and Edo

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.

READ: Tizeti, MainOne extend partnership to expand highspeed WiFi services in Africa 

“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.


READ: ipNX and USTDA sign deal to develop Nigeria’s ICT infrastructure.

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; installations are expected to commence in Benin City on April 1st, 2021.

READ; Orange launches high speed internet network in Nigeria, Ghana, and 6 others

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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 —, and access to video streaming sites and services.

About Tizeti

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.

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Corporate Press Releases

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.”


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