- MTN Nigeria (MTNN)
After a tough 2024, when foreign-exchange losses erased its profits, MTN Nigeria returned to strong profitability in 2025, and that rebound is now flowing through to shareholders. The board has proposed a final dividend of ₦15 per share, bringing the total dividend for 2025 to ₦20 per share, including the ₦5 interim dividend paid in November 2025. The qualification date is April 8, 2026, with payment scheduled for May 5, 2026. The registrar is Coronation Registrars Limited. - NGX Group (NGXGROUP)
NGX Group, owner and operator of Nigeria’s stock exchange, delivered a 36% jump in 2025 revenue and is rewarding investors with both cash and bonus shares. The company declared a final dividend of ₦2 per share, bringing the full-year payout to ₦3 per share after a ₦1 interim dividend. The qualification date is April 10, 2026, and dividends will be paid on April 29, 2026. Shareholders will also receive one bonus share for every three shares held. - BUA Cement (BUACEMENT)
BUA Cement recorded one of 2025’s most impressive earnings surges, with profit climbing more than 350% to over ₦450 billion, and its dividend reflects that performance. The company declared a dividend of ₦10 per share. The qualification date is May 8, 2026, while payment is set for May 21, 2026. Africa Prudential Plc is the registrar. - Dangote Cement (DANGCEM)
Dangote Cement reported profit after tax of about ₦1 trillion, and the board has approved a sharply higher dividend in line with that result. The company will pay ₦45 per share, up from ₦30 in the previous year, putting it among the largest cash payouts in NGX history. The qualification date is June 17, 2026, and shareholders will be paid on July 2, 2026. The registrar is Coronation Registrars Limited. - United Capital (UCAP)
United Capital, known for its steady dividend history, delivered 35% revenue growth in 2025 along with an increased total payout. It announced a final dividend of ₦0.70 per share, taking the total dividend for the year to ₦1.00 per share after a ₦0.30 interim dividend. The qualification date is April 7, 2026, and payment will be made on April 24, 2026. Africa Prudential Plc serves as registrar. - NASCON Allied Industries (NASCON)
NASCON Allied Industries, a member of the Dangote Group and producer of household staples such as salt, seasonings, and tomato paste, has significantly raised its 2025 dividend compared with recent years. The declared dividend stands at ₦6 per share. The qualification date is April 1, 2026, and the payment date is April 28, 2026. The registrar is Meristem Registrars Limited. - Mecure Industries (MECURE)
Mecure Industries, a pharmaceutical manufacturer, posted robust growth in 2025, with revenue up 69% and profit rising 177%, and its dividend more than doubled year-on-year. The company declared a dividend of ₦0.32 per share. The qualification date is April 23, 2026, while the payment date will be announced in due course. Cordros Registrars Limited is the registrar.
Many investors are surprised to learn that qualifying for a dividend does not guarantee that the cash will hit their bank account. To receive payment, your bank account must be correctly linked to the company’s registrar through Nigeria’s e-dividend mandate system; if this mandate is not active, your dividend may sit as unclaimed, and recovering it later can be slow and inconvenient.
To register your e-dividend mandate, download the e-Dividend Mandate Form from your registrar’s website or from the Securities and Exchange Commission (SEC) website. Complete the form with your full name (as it appears on your share certificate or Central Securities Clearing System, CSCS, account), your bank account number, Bank Verification Number (BVN), and CSCS account number, if available. Submit the form to the registrar directly, via your stockbroker, or through a participating bank. The registrar will verify your shareholder details, and your bank will confirm your account and BVN through the e-Dividend Mandate Management System, after which your future dividends should be credited automatically.