Nigeria: Afriland Properties Shareholders Approve N865.5m Dividend Payout

Shareholders of Afriland Properties Plc, have approved N865.5 million dividend payout, representing 63 kobo per ordinary share proposed by the Company for the year ended December 31, 2024.

The shareholders gave their approval at the company’s 12th Annual General Meeting (AGM) held virtually at the weekend in Lagos.

For the financial year ended December 31, 2024, the company recorded a profit before tax of N3.7 billion, representing a 53 per cent increase from the N2.41 billion reported in the…