1) Dangote Cement will pay its founder, Aliko Dangote, N439 billion by June , and the money is Dangote’s dividend payment from Dangote Cement.
A dividend payment is what an investor who invested in a company earns every year from the profit of the company.
The dividend payment is taken from the profits that the company declared for the year.
The money will be credited to Dangote’s bank account in the next 3 months from now.
2) Jim Ovia, who is the largest shareholder of Zenith Bank and also the founder of the bank , will receive N25.4 billion from Zenith Bank as his own dividend payment the same next month.
3) Tony Elumelu will receive 7 billion from UBA on April 25 as its own dividend payment from UBA.
4) Nigeria’s economy is bad, no doubt about that.
Most businesses are struggling too, as the purchasing power is low, that is another truth but there are businesses that are flourishing in this same Nigeria, and they are doing well, in spite of Nigeria and not because of it.
You see cement, logistics, and banking; the returns they give on investment are massive.
No other sector comes close.
More than the returns, I think these are businesses referred to as recession-proof.
Even with a depressed economy like ours, they tend to outperform the other sectors of the economy.
