NNDC AGM approves N125m dividends of cash, bonus shares 


At the just concluded Annual General Meeting (AGM) of the New Nigeria Development Company Limited (NNDC) for the financial year ended 31st March 2021, shareholders have approved the distribution of cash dividends of N100 million (equating to 20 kobo per share). 

The AGM also approved the distribution of N25 million of bonus shares, equating to 1 bonus share for every 20 shares held by the shareholders of NNDC. 

In addition, the AGM approved an appropriation of N15 million each for the Young Professionals Development Scheme and Musa Bello Learning Centre respectively.

The Shareholders’ approval was announced by the Chairman of the Company, Tanimu Yakubu while presenting the…

Source: Nigerian Tribune