In a statement, the company expressed its commitment to deliver strong and sustainable returns to shareholders as the board approved a total dividend of 65 kobo per share, interim dividend of 10 kobo per share and final dividend of 55 kobo in respect of the result of the 2022 financial year, subject to appropriate withholding tax.
The President of Noble Shareholders Association of Nigeria, Matthew Akinlade, who led other shareholders to give the commendation at the 28th annual general meeting of the company in Lagos, said Custodian Investment is an investor’s delight.Akinlade commended the board and management for turning around the fortunes of UPDC Plc, a subsidiary of the company acquired with 51 per cent equity stake in 2020.
The company’s revenue grew from N825m in 2021 to N5.9bn in 2022, while its profit before and after tax ended the year at N329m and N199m respectively. Also commenting on the 2022 annual report and accounts of the company, one of the shareholders, Mr Adebayo Adeleke, said “This is an investment to hold. Any investor that does not have Custodian Investment’s equity in his investment basket is a kindergarten investor.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reduce poverty in Nigeria, increase investment in health, OXFAM tells incoming government | TheCableOxfam Nigeria, a non-profit organisation, says the incoming government should take steps to reduce hunger and alleviate poverty in the country. In a statement on Sunday, Vincent Ahonsi, Oxfam country Oxfam E lor F’okan Ba’le. 🇳🇬♾️🫶🏽
Source: thecableng - 🏆 2. / 80 Read more »
Understanding Investment Of Dormant Account Balances In Treasury BillsLast week, the Central Bank of Nigeria(CBN) released an exposure draft of the guidelines for the Management of Dormant Accounts, Unclaimed Balances and Other
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Foreign investment inflow is not by chanceTHE news that Foreign Direct Investment inflow into Nigeria fell by 33 percent in 2022 to stand at a measly $468.91 million, the lowest in nine years, is depressing. Gideon Edward Ebiyaburu with account number 3047089007. Two hundred thousand naira payment through POS on the 20/03/2023 ,it was declined but I was debited and the money has not been reversed till now FBN_help FirstBankngr FBN_help FirstBankngr Okay. Meanwhile the issues: 1. Bola Tinubu's 1993 Narcotics Trafficking & Money Laundering Case, n $460,000 Forfeiture 2. 25% in FCT 3. Forged Certificate 4. INEC not following its guidelines 5. Shettima's Double Nomination 6. Election Rigging 7. Dual citizenship You earn it by having the right policies and this government seems to lack the policies that attracts foreign investor. Sad 😭
Source: MobilePunch - 🏆 8. / 63 Read more »
Investment in modular refineries would stabilize Nigeria's dwindling economy - Prof IfeProf Ken Ife, a development economist, says the federal government must invest in modular refineries to stabilize Nigeria's economy. Ife disclosed this on
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Ecobank, Dangote Sugar, Flour Mills top stocks to watch this weekThis is not a buy, sell or hold recommendation but a stock investment guide.
Source: PremiumTimesng - 🏆 3. / 78 Read more »