• About Us
  • Terms & Conditions
  • Contact Us
Friday, September 22, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Rwanda: Paul Kagame announces he will run for a fourth term

    Rwanda: Paul Kagame announces he will run for a fourth term

    Breaking: Tribunal Sacks Kano State Governor Abba Kabir of NNPP

    Breaking: Tribunal Sacks Kano State Governor Abba Kabir of NNPP

    Rivers State Police Command arrests Police Officers involved in alleged extortion and kidnapping

    Rivers State Police Command arrests Police Officers involved in alleged extortion and kidnapping

    Mass shootings in USA surpass 500 this year – Report

    Mass shootings in USA surpass 500 this year – Report

    Hakeem Baba-Ahmed to serve as Special Adviser to VP Kashim Shettima

    Hakeem Baba-Ahmed to serve as Special Adviser to VP Kashim Shettima

    Nine Appeal Court Justices to be sworn in Chief Justice of Nigeria

    Nine Appeal Court Justices to be sworn in Chief Justice of Nigeria

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    President Tinubu Nominates New CBN Governor and Management Team

    Zelensky’s virtual speeches to Parliaments around the world invoking history

    We will not hand over male refugees for military draft, EU States tell President Zelensky

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Headline Inflation in Nigeria rose to 22.04% in March

    Food prices continue to soar in Nigeria as inflation hits 25.80%

    NERC hikes electricity meter price by 40%

    NERC hikes electricity meter price by 40%

    NNPC says no plan to increase petrol price in March

    Nigeria’s daily petrol consumption dropped by 16.8% in July – report

    Student Loan Act: How to apply for the loan, all you need to know

    Tinubu establishes presidential CNG initiative, targets nationwide adoption

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    FG to streamline taxes from 52 to 10, rename FIRS

    FG to streamline taxes from 52 to 10, rename FIRS

    Student Loan Act: How to apply for the loan, all you need to know

    FG establishes ‘Infrastructure Support Fund (ISF) for the 36 States of the Federation’

    Headline Inflation in Nigeria rose to 22.04% in March

    Inflation in Nigeria rises to 22.79% in June 2023

    CBN extends Naira 4 Dollar Scheme for diaspora remittances until further notice

    CBN includes Naira as payout option for diaspora remittance

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 15 September 2023

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 8 September 2023

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.07% as VITAFOAM loses 10%

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained by 1.11% as Dangote Sugar rises another 10%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.08% as TRANSCORP falls 9.99%

    TRANSCORP reports 528.45% rise in profit for 2021 FY

    The NGX- ASI gained by 0.51% as TRANSCORP rises above N7

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI gained by 0.90% as Dangote Sugar rises above N50

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for the week ended 25 August 2023

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Fidelity Bank to issue 3.03 billion Ordinary Shares by way of Private Placement

    Fidelity Bank Plc completes acquisition of Union Bank Plc UK

    Zenith Bank posts N174bn profit, earns N28.14bn from Account Maintenance in 9 Months

    Zenith Bank Plc reports N291.73bn profit for Half-Year 2023

    Board of Directors UBA approve payment of a final dividend for 2022

    UBA Plc to pay 50 Kobo Interim Dividend for Half-Year 2023

    Dividend Stocks to watch on the Nigerian Exchange – The case for Zenith Bank Plc

    Zenith Bank Plc to pay 50 Kobo Interim Dividend for Half-Year 2023

    PZ Cussons UK to buyout minority shareholders of PZ Cussons Nigeria plc

    PZ Nigeria announces reason for delay in filing Audited Financial Statements

    MRS Oil’s Board meeting adjourned due to inconclusive discussions

    MRS Oil’s Board meeting adjourned due to inconclusive discussions

    Brent crude oil price rise above $70 on OPEC projections

    Crude prices hit 10-month high as Russia, Saudi extend crude oil supply cuts

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Rwanda: Paul Kagame announces he will run for a fourth term

    Rwanda: Paul Kagame announces he will run for a fourth term

    Breaking: Tribunal Sacks Kano State Governor Abba Kabir of NNPP

    Breaking: Tribunal Sacks Kano State Governor Abba Kabir of NNPP

    Rivers State Police Command arrests Police Officers involved in alleged extortion and kidnapping

    Rivers State Police Command arrests Police Officers involved in alleged extortion and kidnapping

    Mass shootings in USA surpass 500 this year – Report

    Mass shootings in USA surpass 500 this year – Report

    Hakeem Baba-Ahmed to serve as Special Adviser to VP Kashim Shettima

    Hakeem Baba-Ahmed to serve as Special Adviser to VP Kashim Shettima

    Nine Appeal Court Justices to be sworn in Chief Justice of Nigeria

    Nine Appeal Court Justices to be sworn in Chief Justice of Nigeria

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    President Tinubu Nominates New CBN Governor and Management Team

    Zelensky’s virtual speeches to Parliaments around the world invoking history

    We will not hand over male refugees for military draft, EU States tell President Zelensky

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Headline Inflation in Nigeria rose to 22.04% in March

    Food prices continue to soar in Nigeria as inflation hits 25.80%

    NERC hikes electricity meter price by 40%

    NERC hikes electricity meter price by 40%

    NNPC says no plan to increase petrol price in March

    Nigeria’s daily petrol consumption dropped by 16.8% in July – report

    Student Loan Act: How to apply for the loan, all you need to know

    Tinubu establishes presidential CNG initiative, targets nationwide adoption

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    FG to streamline taxes from 52 to 10, rename FIRS

    FG to streamline taxes from 52 to 10, rename FIRS

    Student Loan Act: How to apply for the loan, all you need to know

    FG establishes ‘Infrastructure Support Fund (ISF) for the 36 States of the Federation’

    Headline Inflation in Nigeria rose to 22.04% in March

    Inflation in Nigeria rises to 22.79% in June 2023

    CBN extends Naira 4 Dollar Scheme for diaspora remittances until further notice

    CBN includes Naira as payout option for diaspora remittance

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 15 September 2023

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 8 September 2023

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.07% as VITAFOAM loses 10%

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained by 1.11% as Dangote Sugar rises another 10%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.08% as TRANSCORP falls 9.99%

    TRANSCORP reports 528.45% rise in profit for 2021 FY

    The NGX- ASI gained by 0.51% as TRANSCORP rises above N7

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI gained by 0.90% as Dangote Sugar rises above N50

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for the week ended 25 August 2023

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Fidelity Bank to issue 3.03 billion Ordinary Shares by way of Private Placement

    Fidelity Bank Plc completes acquisition of Union Bank Plc UK

    Zenith Bank posts N174bn profit, earns N28.14bn from Account Maintenance in 9 Months

    Zenith Bank Plc reports N291.73bn profit for Half-Year 2023

    Board of Directors UBA approve payment of a final dividend for 2022

    UBA Plc to pay 50 Kobo Interim Dividend for Half-Year 2023

    Dividend Stocks to watch on the Nigerian Exchange – The case for Zenith Bank Plc

    Zenith Bank Plc to pay 50 Kobo Interim Dividend for Half-Year 2023

    PZ Cussons UK to buyout minority shareholders of PZ Cussons Nigeria plc

    PZ Nigeria announces reason for delay in filing Audited Financial Statements

    MRS Oil’s Board meeting adjourned due to inconclusive discussions

    MRS Oil’s Board meeting adjourned due to inconclusive discussions

    Brent crude oil price rise above $70 on OPEC projections

    Crude prices hit 10-month high as Russia, Saudi extend crude oil supply cuts

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business

NASCON (Dangote Salt) Shareholders approve payment of 40 Kobo dividend for year 2020

Wednesday, 2 June 2021, 6:17 pm
in Business, Companies
0
NASCON (Dangote Salt) Shareholders approve payment of 40 Kobo dividend for year 2020
Share Share Share Share Send as Email

In its Annual General Meeting held on Friday 28th May 2021, the Shareholders of NASCON Allied Industries (NGX ticker: NASCON) approved the payment of a dividend of 40 Kobo per ordinary share of 50k. The dividend which is in respect of year 2020 and payable to shareholders whose names are in the Register of members n 22nd April 2021.

The information was contained in the extracts of the meeting published on The Nigerian Exchange website on Wednesday 2nd June, 2021. The AGM was held at Civic Center, Ozumba Mbadiwe Road Victoria Island, Lagos.

According to its corporation actions announcement, the dividend should have been paid on Monday 31st May, 2021. The dividend would have been paid electronically to shareholders who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank Accounts.

  • Read also; Airtel Africa Plc sells its tower portfolio in Tanzania
  • External Reserve dropped by $640mn in May – CBN

In its 2020 Financial Statements, NASCON recorded a Profit of N2.690 billion for the year, and an Earnings per Share of 102 Kobo.

Other decisions taken at the AGM includes;

  1. It was resolved that the following Directors of the Company who retired by rotation in accordance with sections 285 (2) of CAMA 2020 be and are hereby re-elected as Directors of the Company.
    1. Mr. Olakunle Alake
    2. Professore Chris Ogbechie
    3. Alhaji Ladan Sada Baki
  2. Messer PriceWaterHouseCoopers were appointed as the Auditors of the Company till the next Annual General Meeting in accordance with section 401(2) of CAMA 2020. No resolution is required for their appointment.
  3. In accordance with section 408 (1)(b) of CAMA 2020, it was resolved that the Directors of the company be and are hereby authorized to fix the remuneration of the Auditors for the year ending 31st December 2021.
  4. It was unanimously resolved that the following persons be and are hereby appointed as members of the Audit Committee of the Company till the next Annual General Meeting.
    1. Professore Chris Ogbechie – Director
    2. Halima Aliko Dangote – Director
    3. Dr Okey Nwuke – Shareholder
    4. Dr Umar Faruk – Shareholder
    5. Alhaji Kudaisi Ayodele – Shareholder
  5. It was resolved that the remuneration of the Non-Executive Directors of the Company for the year ending 31st December 2021 be set as follows;
    1. Chairperson – N3 million
    2. Non-Executive Directors – N2.5 million
  6. It was resolved that the General Mandate circular to enable the Board and the management on behalf of the Company to enter into related party transactions that are considered beneficial to the Company on a normal commercial and competitive basis and at arm’s length, be and is hereby approved.

About the Company

NASCON Allied Industries Plc (Formerly known as National Salt Company of Nigeria.) was incorporated in Nigeria as a limited liability company on 30 April 1973.

It was fully privatised in April, 1992 and became listed on the Nigerian Stock Exchange on 20 October, 1992. At a general meeting held on 29 September 2006, the shareholders approved the acquisition of the assets, liabilities and business undertakings of Dangote Salt Limited and the issue and allotment of additional NASCON PLC shares as the purchase consideration.

The major shareholder of the Company is Dangote Industries Limited that owns 62.19% of the issued share capital, while the remaining 37.81% is held by the general public.

The ultimate controlling party is Dangote Industries Limited, a company incorporated in Nigeria.

NASCON have a total of 2,649,438,378 outstanding shares and a market capitalization of N35.767 billion as at the end of trading on Wednesday, 2nd June, 2021.

According to the Register of Members on 31 December 2020, Dangote Industries Limited (62.19%) with 1,647,763,557 ordinary shares of 50k each and Stanbic IBTC Nominees Limited (8.63%) with 228,519,832 ordinary shares of 50k each held more than 5% of the issued share capital of the Company.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • AFRIPRUD Shareholders approve 50 kobo dividend payment at 9th AGM
    AFRIPRUD Shareholders approve 50 kobo dividend payment at…
  • CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year
    CAP Plc Shareholders approve N2.10kobo dividend per ordinary…
  • NAHCO Shareholders approve N203 million dividend payout for 2020 financial year
    NAHCO Shareholders approve N203 million dividend payout for…
  • Details of the Dangote Sugar, Salt (NASCON) and Rice Merger Scheme
    Details of the Dangote Sugar, Salt (NASCON) and Rice Merger…
Previous Post

Ancelotti Returns to Santiago Bernabeu as Madrid Coach

Next Post

EFCC: We are not in partnership with Eagle Crime Awareness and Prevention Initiative

Next Post
EFCC: We are not in partnership with Eagle Crime Awareness and Prevention Initiative

EFCC: We are not in partnership with Eagle Crime Awareness and Prevention Initiative

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

How to recover unclaimed dividends in Nigeria

How to recover unclaimed dividends in Nigeria

AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

Custodian Investments Plc announces 10 kobo interim dividend for H1 2022

List of Dividends announced in 2022, qualification and payment dates

AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

Rwanda: Paul Kagame announces he will run for a fourth term

Rwanda: Paul Kagame announces he will run for a fourth term

Breaking: Tribunal Sacks Kano State Governor Abba Kabir of NNPP

Breaking: Tribunal Sacks Kano State Governor Abba Kabir of NNPP

Rivers State Police Command arrests Police Officers involved in alleged extortion and kidnapping

Rivers State Police Command arrests Police Officers involved in alleged extortion and kidnapping

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Culture
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist