• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, October 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

News Agency’s Cooperative Declares N27.6m Profit For 2024

by Toby Moses
3 weeks ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

The News Agency of Nigeria (NAN) Staff Multipurpose Cooperative Society has declared a profit of N27.6 million for the 2024 financial year.

Advertisement

At the society’s 13th Annual General Meeting in Abuja on Tuesday, its president, Mr Stephen Igiewe, said the amount was higher than the N20.3 million recorded in the 2023 financial year.

Igiewe said the figure was 36 per cent higher than the surplus recorded in 2023.

Advertisement

He explained that the executive committee realised the surplus through vigorous trading despite the economic challenges, occasioned by inflation.

Igiewe proposed declaring N19 million, representing 69 per cent of the profit, as dividends and interest to be shared among the members.

The president said the figure was higher than the N14 million shared as dividends and interest in the 2023 financial year.

RELATED NEWS

Constitution Review: NASS Joint Committee Approves Additional State For South-East

PICTORIAL: 20 Years After, Obasanjo Celebrates Stella, Says Ex-First Lady Served Humanity

Kano Hisbah Cancels Court-ordered Marriage Between TikTokers

PDP Convention: Jegede, Oyinlola, Udenwa, Others To Screen Aspirants Tuesday

He proposed that N7.6 million, representing 40 per cent of the profit, be set aside for shares, translating to N0.18k per share, while N11.5 million, representing 60 per cent of the profit, be set aside for interest on savings, translating to N0.03k per savings.

 

Igiewe said the value of the share capital of the cooperative stood at N40 million, while members’ savings stood at N354 million as of December 31, 2024.

 

A new exco emerged at the end of the AGM.

 

The new president, Aliyu Abubaker-Idris, pledged to ensure members make profits from their investments.

 

 

 

 

Join Our WhatsApp Channel

Breaking News: Nigerians at home and abroad can now earn in USD by acquiring ultra-premium domains from $3,000 and profiting up to $36,000. Perfect for professionals. Click here.

SendShareTweetShare

OTHER NEWS UPDATES

Constitution Review: NASS Joint Committee Approves Additional State For South-East
News

Constitution Review: NASS Joint Committee Approves Additional State For South-East

7 hours ago
PICTORIAL: 20 Years After, Obasanjo Celebrates Stella, Says Ex-First Lady Served Humanity
News

PICTORIAL: 20 Years After, Obasanjo Celebrates Stella, Says Ex-First Lady Served Humanity

7 hours ago
Couple Sentenced To 22 Years Imprisonment For Drug Trafficking
News

Kano Hisbah Cancels Court-ordered Marriage Between TikTokers

7 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Constitution Review: NASS Joint Committee Approves Additional State For South-East

7 hours ago

Manchester United Edge Brighton In 6-goal Thriller For Third-straight Win

7 hours ago

PICTORIAL: 20 Years After, Obasanjo Celebrates Stella, Says Ex-First Lady Served Humanity

7 hours ago

Kano Hisbah Cancels Court-ordered Marriage Between TikTokers

7 hours ago

PDP Convention: Jegede, Oyinlola, Udenwa, Others To Screen Aspirants Tuesday

7 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.