Goddy Egene
The Managing Director of Nigerian Breweries Plc, Mr. Jordi Borrut Bel, has said called on shareholders to embrace the script dividend option proposal offered by the company because of its many benefits.
Nigerian Breweries Plc has recommended a dividend of N7.7 billion for its shareholders for the 2020 financial year. However, the company also gave shareholders the option to receive additional shares instead of cash dividend.
The recommendation, which amounts to a total dividend of N0.94 per ordinary share of 50kobo each, represents a 100 per cent payout.
Speaking at the pre- annual general meeting (AGM) media briefing held in Lagos, yesterday, Borrut Bel said the shareholders opting for additional shares in the place of cash dividend stand the opportunity of increasing their holdings in the company with high value.
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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.”
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