• About Us
  • Terms & Conditions
  • Contact Us
Wednesday, February 1, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Suspected herdsmen ambush Benue policemen, kill DPO

    Suspected herdsmen ambush Benue policemen, kill DPO

    Nigerians will soon know the “actual truth” about Atiku – Gov Wike

    Wike accuses PDP national leaders of sabotage for withdrawing from Rivers suits

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    JUST IN: Banks will accept old naira notes after deadline – Emefiele

    Our agents around Sambisa forest, conducting cash swap – CBN governor Emefiele

    Emefiele an enemy of democracy, wants to cause uprising – APC PCC New Media Director

    Two Nigerians shot dead in renewed xenophobic attacks in South Africa

    Two Nigerians shot dead in renewed xenophobic attacks in South Africa

    JUST IN: We will dialogue with different Russian president – Zelensky

    Ukrainian officials banned from traveling abroad

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

    The Nigerian Equities Market Opened Positive … As the NGX-ASI up 0.95%

    Tinubu speaks like someone with “incoherent discourse and absence of mind” – PDP

    PDP condemns Tinubu’s ‘sponsored’ attack on Buhari in Kano

    Security features of the new naira notes revealed by the CBN

    DSS intercepts syndicates selling new naira notes, bank officials implicated

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

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

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    Sellers Sway the Performance of the Equities Market… As NGX-ASI Dips By 0.09%

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria set to allot ‘incentive shares’ to shareholders

    Nestle Nigeria Plc announces Board meeting to consider 2020 accounts and dividend

    NGX-ASI Depreciated by 2.03%… As Year-to-Date slides down to 2.62%

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Reg lifts suspension on trading of International Energy Insurance Plc shares

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

    The Local Bourse Records Gains… As Year-to-Date in closed at 2.68%

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    MTN Nigeria proposes N23bn Commercial Paper

    MTN Nigeria’s Board of Directors approve payment of N10.00 final dividend for 2022 FY

    Stanbic IBTC Holdings Plc grow profit by 42% to N81bn in 2022

    Stanbic IBTC Holdings Plc grow profit by 42% to N81bn in 2022

    Directors of Geregu Power Plc approve dividend declaration for 2022 FY

    Directors of Geregu Power Plc approve dividend declaration for 2022 FY

    NPF Microfinance Bank Shareholders approve 20k dividend

    NPF Microfinance Bank reports 77.79% growth in Profit for 2022 financial year

    UBA suffers maximum possible loss on NSE as investors dump the stocks

    UBA Africa gets first female CEO

    CAP Plc posts N2.08bn profit in 2022, 85.95% YoY growth

    CAP Plc posts N2.08bn profit in 2022, 85.95% YoY growth

    Zenith Bank’s Board of Directors approve payment of final dividend for 2022

    Zenith Bank’s Board of Directors approve payment of final dividend for 2022

    GlaxoSmithKline Nig. Plc reports N692mn profit for the 2022 financial year

    GlaxoSmithKline Nig. Plc reports N692mn profit for the 2022 financial year

    Cadbury Nigeria Plc’s profit more than doubled in 2022 amid revenue growth

    Cadbury Nigeria Plc’s profit more than doubled in 2022 amid revenue growth

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    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

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Suspected herdsmen ambush Benue policemen, kill DPO

    Suspected herdsmen ambush Benue policemen, kill DPO

    Nigerians will soon know the “actual truth” about Atiku – Gov Wike

    Wike accuses PDP national leaders of sabotage for withdrawing from Rivers suits

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    JUST IN: Banks will accept old naira notes after deadline – Emefiele

    Our agents around Sambisa forest, conducting cash swap – CBN governor Emefiele

    Emefiele an enemy of democracy, wants to cause uprising – APC PCC New Media Director

    Two Nigerians shot dead in renewed xenophobic attacks in South Africa

    Two Nigerians shot dead in renewed xenophobic attacks in South Africa

    JUST IN: We will dialogue with different Russian president – Zelensky

    Ukrainian officials banned from traveling abroad

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

    The Nigerian Equities Market Opened Positive … As the NGX-ASI up 0.95%

    Tinubu speaks like someone with “incoherent discourse and absence of mind” – PDP

    PDP condemns Tinubu’s ‘sponsored’ attack on Buhari in Kano

    Security features of the new naira notes revealed by the CBN

    DSS intercepts syndicates selling new naira notes, bank officials implicated

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

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

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    Sellers Sway the Performance of the Equities Market… As NGX-ASI Dips By 0.09%

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria set to allot ‘incentive shares’ to shareholders

    Nestle Nigeria Plc announces Board meeting to consider 2020 accounts and dividend

    NGX-ASI Depreciated by 2.03%… As Year-to-Date slides down to 2.62%

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Reg lifts suspension on trading of International Energy Insurance Plc shares

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

    The Local Bourse Records Gains… As Year-to-Date in closed at 2.68%

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    MTN Nigeria proposes N23bn Commercial Paper

    MTN Nigeria’s Board of Directors approve payment of N10.00 final dividend for 2022 FY

    Stanbic IBTC Holdings Plc grow profit by 42% to N81bn in 2022

    Stanbic IBTC Holdings Plc grow profit by 42% to N81bn in 2022

    Directors of Geregu Power Plc approve dividend declaration for 2022 FY

    Directors of Geregu Power Plc approve dividend declaration for 2022 FY

    NPF Microfinance Bank Shareholders approve 20k dividend

    NPF Microfinance Bank reports 77.79% growth in Profit for 2022 financial year

    UBA suffers maximum possible loss on NSE as investors dump the stocks

    UBA Africa gets first female CEO

    CAP Plc posts N2.08bn profit in 2022, 85.95% YoY growth

    CAP Plc posts N2.08bn profit in 2022, 85.95% YoY growth

    Zenith Bank’s Board of Directors approve payment of final dividend for 2022

    Zenith Bank’s Board of Directors approve payment of final dividend for 2022

    GlaxoSmithKline Nig. Plc reports N692mn profit for the 2022 financial year

    GlaxoSmithKline Nig. Plc reports N692mn profit for the 2022 financial year

    Cadbury Nigeria Plc’s profit more than doubled in 2022 amid revenue growth

    Cadbury Nigeria Plc’s profit more than doubled in 2022 amid revenue growth

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    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

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    • 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…
  • Caverton Shareholders approve 10 kobo per share dividend and others at AGM
    Caverton Shareholders approve 10 kobo per share dividend and…
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
All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

JUST IN: Banks will accept old naira notes after deadline – Emefiele

Two Nigerians shot dead in renewed xenophobic attacks in South Africa

Two Nigerians shot dead in renewed xenophobic attacks in South Africa

Tinubu speaks like someone with “incoherent discourse and absence of mind” – PDP

PDP condemns Tinubu’s ‘sponsored’ attack on Buhari in Kano

vacancy: Montego Upstream Services is recruiting

VACANCY: SPIE Services Nigeria Limited is recruiting

Two Nigerians shot dead in renewed xenophobic attacks in South Africa

Two Nigerians shot dead in renewed xenophobic attacks in South Africa

Our agents around Sambisa forest, conducting cash swap – CBN governor Emefiele

Emefiele an enemy of democracy, wants to cause uprising – APC PCC New Media Director

MTN Nigeria proposes N23bn Commercial Paper

MTN Nigeria’s Board of Directors approve payment of N10.00 final dividend for 2022 FY

Stanbic IBTC Holdings Plc grow profit by 42% to N81bn in 2022

Stanbic IBTC Holdings Plc grow profit by 42% to N81bn in 2022

Suspected herdsmen ambush Benue policemen, kill DPO

Suspected herdsmen ambush Benue policemen, kill DPO

Directors of Geregu Power Plc approve dividend declaration for 2022 FY

Directors of Geregu Power Plc approve dividend declaration for 2022 FY

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