• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

CWG’s Shareholders Seek For Dividend Payment

by Olushola Bello
3 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The shareholders of CWG Plc, has requested of the board and management to consider dividend payout following an impressive 2021 financial year growth in revenue that impacted on N449.64 million profit before tax from N443.15 million reported in 2020.

Advertisement

Speaking at the company’s 17th annual general meeting (AGM), the national coordinator of passionate shareholders of Nigeria, Mr. Abayomi Adebayo, noted that, the company reported an impressive growth in revenue that impacted on profit before tax.

He stated that, “what the impressive 2021 financial year results, I believe very soon, dividend will be paid to shareholders.”

Another shareholder at the meeting, Alhaja Ikudaisi commended the management for posting impressive 2021 results, demanding to know when the management is going to reward shareholders who invested in the company.

Responding, the chairman, CWG, Phillip Obioha, said: “the trend at where the company is coming; the losses and where we are now, you will see it is telling a good story. We are almost at the end of turning the company around.”

RELATED

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

1 hour ago
Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

5 hours ago
ADVERTISEMENT

He noted that the management has done a great job in the turnaround of the company to where it is now. “No matter how small it is, we are determined to declare a dividend to shareholders. As long as we continue to have growth, we should be able to pay a dividend to shareholders,” he said.

He noted that the company is having problem with foreign exchange scarcity, stressing that, a lot of initial controls are put in place to minimum the losses.

ed that, “there are hedging structures and other things that have been used to minimize the company’s exposure in foreign exchange losses.”

ADVERTISEMENT

Speaking further, the group managing director, CWG, Mr. Adewale Adeyipo, said the financial performance in 2021 was borne out of the various strategic initiatives, growth, and expansion of the company’s IPs in payment and platforms.

On outlook, he said: “we will have little to look forward to, without the commitment of our people, who have understood and taken upon themselves the vision to innovate through technology. We have internalised the notion that the people, not just technology, drive innovation and growth. We aim to not only prioritize talent attraction but also to retain, develop and promote.”


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10168Tweet6355Share
ADVERTISEMENT
Previous Post

Hollandia Strengthens Bond With Northern Nigerian Consumers

Next Post

Okowa Visits Sokoto As Tambuwal Harvests Top APC Members To PDP

Olushola Bello

Olushola Bello

You May Like

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?
Business

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

2025/08/29
Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students
Business

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

2025/08/29
currency exchange process
Business

How To Calculate Pips In Forex And Other Important Tips For Traders

2025/08/29
Fitch Upgrades Afreximbank To ‘BBB’
Business

Japan Agency Rating Reinforces Afreximbank’s Credibility, Says Denya

2025/08/29
BREAKING: Emirates Airlines Resumes Flights To Nigeria October 1
Business

Emirates Airline To Participate In Africa Tourism, Creative Economy Expo

2025/08/29
Tinubu Names Abubakar Dantosho MD Of NPA
Business

NSC Boss Lauds Dantsoho On Election As IAPH Vice President

2025/08/29
Leadership Conference advertisement

LATEST

Katsina Gov’t To Procure 700 Motorcycles, 20 Hilux Vans To Fight Banditry

NYSC To Step Up Community Policing In Orientation Camps Nationwide

Tinubu Declares 9th National Youth Games Open

Wolves Set To Sign Tolu Arokodare From Genk

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

PICTORIAL: VP Shettima Represents Tinubu At Ex-VP Sambo Son’s Wedding In Kano

Tinubu Excited As Nigerian Babalola Emerges As Rotary International President

How To Calculate Pips In Forex And Other Important Tips For Traders

Tottenham Sign Simons From RB Leipzig For £52m

© 2025 Leadership Media Group - All Rights Reserved.

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

© 2025 Leadership Media Group - All Rights Reserved.