TOTAL GETS SHAREHOLDERS' APPROVAL TO PAY N3.1BN DIVIDEND

Shareholders of Total Nigeria Plc on Wednesday approved the proposal by the company to pay a final dividend of N3.1bn, representing N9 per share for the 2014 financial year.

 

The shareholders approved the dividend payment at the company’s 37th Annual General Meeting in Lagos; where they also re-elected directors and members of the audit committee, among other things. The company had earlier paid N679m, which translated into N2 per share, as interim dividend for the year

 

Read more @ Punchonline

‎NIGERIA: GOVT LOSES N31.7BN TO CRUDE THIEVES – NEITI

The Nigerian Extractive Industries Transparency Initiative (NEITI) has disclosed that billions of naira worth of crude products were stolen by oil thieves in 2012.
 
NEITI made the disclosure in its latest audit report entitled ‘Financial, Physical and Process Audit: An Independent Report Assessing and Reconciling Financial, Physical and Process Flows within Nigeria’s Oil and Gas Industry – 2012’ where it found that Nigeria lost 2,842,116 barrels per day valued at N1, 960,607,108 to export crude theft and sabotage.

Read more @ SweetCrude Report