NGX Group Announces Interim Dividend for Shareholders | Cliptv Online

The Nigerian Exchange Group Plc (NGX Group) has declared an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to shareholders for the first half of the financial year 2023. This dividend marks the first payout since the demutualization of the Nigerian Stock Exchange and will be paid to shareholders whose names appear in the Shareholders’ Register as of the close of business on Monday, July 31, 2023. The payment will be remitted electronically to eligible shareholders on Thursday, August 31, 2023. The announcement follows a request from shareholders at the recently held Annual General Meeting (AGM) on July 14, 2023.

Commenting on the dividend announcement, the Chairman of NGX Group, Alhaji (Dr) Umaru Kwairanga, stated that it demonstrates the Board’s responsiveness to shareholders’ requests and signals the company’s commitment to creating sustainable growth in the medium to long term. The Group Chief Executive Officer, Mr Oscar Onyema, also emphasized that the proposed payment will not significantly impact the company’s cash position and retained earnings while positioning the company as an attractive investment for a broader class of investors in the capital market.

Rida Receives Licence to Officially Operate in Lagos:

Rida, a Nigerian ride-hailing firm, has obtained its official licence to operate in Lagos, marking a significant milestone in changing the transportation landscape in the city. The company’s adherence to high operational standards, commitment to excellent service, and rigorous compliance with regulatory guidelines were instrumental in achieving this authorization. Rida’s adherence to safety, security, and reliability criteria set by the Lagos state government makes it one of the few legally-grounded digital transport services in the city.

The Chief Executive Officer of Rida, Osi Oguah, expressed excitement about the license and the company’s commitment to providing top-notch services to the people of Lagos. Rida currently operates in Lagos and Abuja, with plans to expand to Kano, Benin, and Port Harcourt in the near future, contributing positively to the city’s economy and creating employment opportunities for thousands of people. The company focuses on delivering seamless and cost-effective transportation solutions through innovative technology and user-centric features, revolutionizing the ride-hailing industry in Nigeria.