Billionaire Adenuga To Receive Bulk Share Of Conoil Dividend
November 17, 2025
4:38 am
Conoil’s ₦2.43 billion final dividend for 2024 will deliver substantial returns to shareholders, with chairman Mike Adenuga receiving the largest payout now
Conoil Plc has announced a final dividend of ₦2.43 billion for the 2024 financial year, a move that is set to deliver significant returns to investors and reaffirm the company’s commitment to shareholder value despite volatility in Nigeria’s petroleum market.
The Lagos-based oil marketing firm disclosed that the distribution will apply to shareholders listed in its Register of Members as of the close of business on November 21, 2024. The dividend, proposed at ₦3.50 per share,
