NNPC to declare first dividend

OpeOluwani Akintayo

Lagos — The Nigerian National Petroleum Corporation, NNPC, has revealed plans to declare dividend to its shareholders, saying it will publish its 2020 statement of accounts soon.

Group Managing Director of the corporation, Mallam Mele Kyari, disclosed this on Monday in Lagos at the opening ceremony of the Nigeria Annual International Conference & Exhibition, organised by the Society of Petroleum Engineers,

He said the shareholders would  be paid an annual dividend for the first time in the history of the establishment.

“I can tell you, within the next month or two maximum, we will publish our statement of accounts for 2020. And I can also confirm to you that for the first time in our history, we will declare dividend to the Nigerian people,” he said, adding that the corporation is positioning itself in alignment with the wider national interest.

Kyari said the corporation would play a key role in the global transition to low carbon energy in the near future.

“Our tremendous natural gas reserves have become our greatest enabler to smooth transition to low carbon energy. We are deepening natural gas utilisation under the national gas expansion plan to earn more carbon credits and create a net zero carbon environment in line with our drive to becoming an energy company of global excellence,” he added.

This article was originally posted at sweetcrudereports.com

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