- Mike Adenuga, telecom mogul and Chairman of Conoil, is set to smile to the bank with staggering dividends
- The billionaire will earn about N1.29 billion from his shareholding in Conoil, the petroleum marketing company
- Adenuga holds about 74.4% shares of Conoil, amounting to 516,298,603 shares
Nigerian billionaire and Globacom Chairman Mike Adenuga is set to receive a significant N1.29 billion in dividends from his shareholding in Conoil Plc, a petroleum marketing company.
Adenuga’s N1.29 billion dividends, which make up his lion’s share of the entire N1.73 billion final dividends approved by the company’s shareholders at the 53rd Annual General Meeting on September 22, 2023, would be paid into his account on September 29, 2023.
