Shareholders of NIPCO Plc have approved a dividend payout of N1.501bn, representing N8.00 per ordinary share, for the 2025 financial year. The resolution was passed at the company’s Annual General Meeting held in Abuja.
A statement from the firm on Sunday that the Chairman of NIPCO Plc, Chief Bestman Anekwe, said the dividend reflected the board’s appreciation of shareholders’ support and confidence in the company despite challenges in the sector.
According to him, the dividend, which is subject to the applicable withholding tax, demonstrates the board’s confidence in the company’s financial position and its ability to deliver returns to investors.
Anekwe said the payout was supported by the company’s financial performance and expressed confidence that the company would sustain shareholder returns as it pursues its growth plans.
He disclosed that NIPCO’s 2026 strategy would focus on vertical integration, technology adoption and sustainable energy solutions, with particular emphasis on expanding its gas business.
According to him, the company also plans to increase investment across its business segments while strengthening its marketing strategy to remain competitive.
He added that recent approvals of 43 Field Development Plans nationwide and improved gas-to-power supply present opportunities for the company in both domestic and export markets.
“For 2026, our focus will be on strengthening infrastructure, driving local content development, and prioritising environmental sustainability. The goal is clear: to lead the industry in profitability, market share, and investor confidence,” Anekwe said.
He said management remained committed to operational efficiency, innovation, and creating value for stakeholders. “The future of NIPCO Plc is bright, sustainable, and built on a foundation of value creation for all stakeholders,” he said.
Anekwe attributed the improved dividend payout to disciplined cost management and operational efficiency achieved during the 2025 financial year. He added that continued investments in gas infrastructure and technology were expected to support stronger earnings and sustain dividend growth in the coming years.
The chairman urged shareholders to continue supporting the company’s strategic initiatives. According to him, as NIPCO expands its presence in the upstream and midstream gas segments, shareholders can expect greater value creation, improved share price performance, and sustained returns on their investment.
SOURCE: PUNCH NEWS PAPER
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