Nigerian billionaire Mike Adenuga's Conoil proposes N2 dividend per share after profits fell 75% in 2025
Billionaires Africa | 17.06.2026 03:10
Conoil Plc, the downstream petroleum marketing company controlled by Nigerian billionaire Mike Adenuga, has proposed a final dividend of N2 per share for the full year ended December 31, 2025, a 42.9 percent reduction from the N3.50 per share paid in 2024, after the company reported a 75.7 percent collapse in profit before tax.
