Conoil Plc, a leading Nigerian downstream oil and gas marketing company, has proposed a final dividend of N3.50 per 50 kobo share for its 2024 financial year.
The announcement comes ahead of the firm’s 55th Annual General Meeting (AGM), scheduled for December 19, 2025, at 11:00 a.m. at the Ibom Hotel & Golf Resort, Uyo.
The notice was contained in a corporate disclosure filed with the Nigerian Exchange Group (NGX) on November 14, 2025.
The proposed dividend underscores the company’s resilience and commitment to shareholders despite global oil price volatility and Nigeria’s ongoing subsidy reforms.
According to Bolaji Owolabie, the acting company secretary, the N3.50 final dividend, subject to withholding tax and shareholders’ approval, will be paid to shareholders whose names appear on the Register of Members as of November 21, 2025.
Shareholders have been advised to ensure their records are up to date with Meristem Registrars Limited & Probate Services. Those with unclaimed dividends or physical share certificates are urged to complete their e-dividend registration or contact the Registrar for assistance.
Conoil will observe a closed period from November 24–28, 2025, to allow for the update of shareholder records. Dividend payments are expected to be made on December 23, 2025, to all eligible shareholders.
For full-year 2024 dividend entitlement, shareholders must ensure their details with Meristem Registrars Limited are updated on or before November 21, 2025.
Conoil Plc, which markets refined petroleum products, lubricants, and LPG, is listed on the NGX Main Board. Its share price closed at N190.70 on Friday, November 14, 2025.
The stock has declined by 50.8% year-to-date, down from its opening price of N387.20, ranking it as the 145th best-performing stock on the NGX so far this year.
