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    Northern Nigeria Flour Mills to Pay Dividend Next Week

    Olu AnisereBy Updated:No Comments1 Min Read
    Northern Nigeria Flour Mills to Pay Dividend Next Week

    Northern Nigeria Flour Mills to Pay Dividend Next Week

    Northern Nigeria Flour Mills PLC has announced a plan to pay its shareholders an interim dividend next week.  In a regulatory filing, the flour miller told the Nigerian Exchange that shareholders of its members registered on November 11, 2024, will receive a 50 kobo dividend per share.

    Flour Mills of Nigeria Plc controls the largest stake in the company. The board declared that an interim dividend of 50 kobo for every share of 50 kobo, subject to appropriate withholding tax and approval, will be paid to qualified shareholders. The flour mill company revealed that dividends will be paid electronically to shareholders on Tuesday next week. #Northern Nigeria Flour Mills to Pay Dividend Next Week Liquidity: Banks Drive Yield Surge with T-Bills Selloffs

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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