Shareholders of Wema Bank have commended the board, management and staff of the financial institution for recording impressive performance in 2018 despite the challenging macroeconomic and regulatory environment.
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In a clear show of its resilience and strong market share, Zenith Bank has announced an impressive result for the year ended December 31, 2018 with profit before tax rising to N232 billion for the 12 months ended December 31, 2018.
The shareholders gave the commendation at the 12th Annual General Meeting held on Friday in Lagos.
The company’s Chairman, Alhaji Aliko Dangote, made this known at the 2017 Annual General Meeting in Lagos that the dividend payable to shareholders increased by 192 per cent or N1.75 per share from N7.2 billion or 60k paid in 2016.
The shareholders described Dangote Cement as a very reliable company that has consistently demonstrated its love for the shareholders.
The News Agency of Nigeria reports that the shareholders gave the approval at the company’s sixth Annual General Meeting held in Lagos.
Boniface Okezie, the National Coordinator, Progressive Shareholders Association of Nigeria, commended the company for the dividend and performance posted during the review period.