Total Nigeria shareholders endorse N4.75 billion final dividend for 2018
shareholders on Thursday unanimously endorsed the payment of N4.75 billion final dividend recommended by the company for the financial year ended December 31, 2018.The dividend translated to N14 per share subject to the deduction of appropriate withholding tax.
Mr Nwosu said the company had paid regular dividend in spite of proliferation of taxes, late payment of subsidy and high cost of operation. Also speaking, a shareholder, Matthew Akinlade, said government as a regulator should not be competing with operators in the downstream sector. Mr Mittelman said some of the key challenges were security issues, delayed payment under the Petroleum Support Fund scheme, high cost of investment, reduced capital inflows and weakening crude oil prices.
The chairman said the company had entered into a storage arrangement in Lagos area which would allow it capture opportunities in line with its import and logistics optimisation strategy.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why oil, electricity subsidy must end, by Emir Sanusi – Daily TrustThe Emir of Kano, Muhammadu Sanusi II, yesterday made a case for a total but gradual removal of subsidy on oil products and electricity tariff. The emir, who was speaking at the 3rd National Treasury Workshop in Kano, said government must take a bold, but difficult decision of addressing the problem of these two sectors …
Read more »
Customers deposits in Jaiz Bank surge to N85bn in 2018 – Daily TrustJaiz Bank, the first non-interest (Islamic bank) in Nigeria is gaining traction as its total deposits for 2018 surged to N85bn representing 25 percent growth from N68bn it mobilized in 2017 financial year. The Managing Director/CEO of the bank, Alh. Hassan Usman, who disclosed this at the company’s 7th annual general meeting held in Abuja, …
Read more »
FG, States, LGs Share N679.699 May Allocation - THISDAYLIVE*Excess Crude Account balance now $63m By Ndubuisi Francis in Abuja and Ibrahim Shuaibu in Kano The Federation Account Allocation Committee (FAAC), at its joint session in Kano, Thursday shared a total of N679.699 billion among the three tiers of government as allocation for the month of May. The amount includes total revenue distributable for …
Read more »
NDLEA arrests 208 suspects, seizes 2,424.77kg illegal substances in Osun - Daily Post NigeriaThe National Drug Law Enforcement Agency (NDLEA), Osun State Command, says its operatives have apprehended a total of 208 suspects in the last twelve month
Read more »
Lagos-Ibadan Railway project cost $1.58bn – FG - The Nation NewspaperThe Permanent Secretary, Federal Ministry of Transportation, Mr Sabiu Zakari, says the total contract sum of the Lagos-Ibadan railway
Read more »