NSC Cooperative Society declares 60% net surplus

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The Nigeria Shippers’ Council Staff Multipurpose Cooperative Society Limited, has declared a net surplus of N141,854,723.73 for the year 2023 as against that of the preceding year 2022, which was N88,895,512.55.

This was disclosed on Monday by the president, NSC Cooperative Society, Mr Adeyemi Olaolu at the 28th Annual General Meeting/ election held at Shippers Towers, Lagos, stating the value shows a difference of N52,959,211.18, representing a growth of about 60 percent of the Net Surplus from the previous year.

Olaolu added that contrary to the sum of N44,443,859.50 shared as dividend to members in the previous AGM, a total of N70,927,361.19 will be distributed as dividend for the…



Source: Nigerian Tribune