{"id":53841,"date":"2021-11-12T14:03:27","date_gmt":"2021-11-12T13:03:27","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=53841"},"modified":"2021-11-12T14:03:33","modified_gmt":"2021-11-12T13:03:33","slug":"conoil-assures-shareholders-of-competitive-returns-on-their-investment-pays-cumulative-dividend-of-n1-04-billion","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/conoil-assures-shareholders-of-competitive-returns-on-their-investment-pays-cumulative-dividend-of-n1-04-billion\/","title":{"rendered":"Conoil Assures Shareholders Of Competitive Returns on Their Investment\u00a0 …pays cumulative dividend of N1.04 billion"},"content":{"rendered":"

The nation\u2019s total energy provider,\u00a0Conoil Plc has\u00a0reiterated its resolve to maintain its leadership position in the downstream petroleum sector by building a stronger financial position and creating higher values for its shareholders.<\/p>\n

At its\u00a051st Annual General Meeting\u00a0held on\u00a0Friday in Lagos, the company\u00a0assured its shareholders that conscious efforts will be directed at achieving better execution of value-added products and services especially in the areas of marketing and customer management.
\nWhile noting that the challenges ahead given the current state of the nation\u2019s economy, it however, expressed optimism that it would strive hard to maintain profitability.<\/p>\n

Spurred by shareholders\u2019 words of encouragement after the meeting had ratified a total dividend cash payment of\u00a0N1.04 billion, which translates to 150kobo for every 50kobo share held, the company promised to explore opportunities in the coming years to deliver solid financial results and increase competitive returns on its shares.<\/p>\n

The Chairman, Conoil Plc, Dr. Mike Adenuga (jnr), in his address to the shareholders at the meeting, said the company was fully charged to consolidate its competitiveness in the different segments of its business by exploring and developing emerging markets while holding its grounds in areas where it has competitive advantage.<\/p>\n

He hinted that with the changing dynamics in the downstream petroleum industry, Conoil was poised to ensure improvement in its overall performance that would translate to meeting the expectations of all its stakeholders.<\/p>\n

\u201cWe plan to consolidate on the progress made in the previous years to deliver a strong and sustainable performance that enhances returns to our shareholders,\u201d Adenuga said.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cOur overriding goal is to ensure the continued delivery of excellent services to our customers. The company will grow its earnings, improve profitability and asset quality and deliver competitive returns to our esteemed shareholders,\u201d the Chairman added.<\/p>\n

The company expressed gratitude to its stakeholders for their support for the modest progress it recorded in spite of the odds and the unfriendly business environment it operated last year.<\/p>\n

Going forward, it promised to re-channel its resources with a view to strengthening its business and exceeding the expectations of its shareholders.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The nation\u2019s total energy provider,\u00a0Conoil Plc has\u00a0reiterated its resolve to maintain its leadership position in the downstream petroleum sector by building a stronger financial position and creating higher values for its shareholders.<\/p>\n","protected":false},"author":6,"featured_media":17766,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[799],"coauthors":[2391],"class_list":["post-53841","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-conoil-plc"],"yoast_head":"\nConoil Assures Shareholders Of Competitive Returns on Their Investment\u00a0 ...pays cumulative dividend of N1.04 billion - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/conoil-assures-shareholders-of-competitive-returns-on-their-investment-pays-cumulative-dividend-of-n1-04-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conoil Assures Shareholders Of Competitive Returns on Their Investment\u00a0 ...pays cumulative dividend of N1.04 billion - 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