Nigerian billionaires may not be feeling the effect of the current recession as they made billions in 2015-2016. Here is a break down of what they earned as dividend income. The figures exclude their indirect holdings.

Aliko Dangote
Aliko Dangote has 15.4 billion shares in Dangote Cement, 3.7 billion shares in Dangote Sugar and 1.6 billion shares in NASCON Allied industries through Dangote Industries Limited (DIL) as at December 2016. Dangote Cement paid a final dividend of N8.16 for 2016. Dangote sugar declared a final dividend of 60 kobo. NASCON Allied Industries paid a final dividend of 0.70 per share. Dangote had total dividend earnings of N19.8 billion in 2016.

Jim Ovia
Zenith bank paid a total of N2.02 billion in 2016 comprising an interim dividend of 25 kobo and final dividend of N1.77. Ovia’s holdings in Zenith Bank amounted to 2,946,199,395 shares in 2016. His dividend income thus was N5.9 billion, an increase over the N5.3 billion he made in 2015.

Tony Elumelu
Tony Elumelu has holdings of 2,072,876,00 shares in UBA Plc, personally and indirectly through Heirs Holdings . UBA Plc paid a total of 75 kobo dividend for the financial year ended 2016, comprising of an interim dividend of 20 kobo and a final dividend of 55 kobo, thus earning dividend income of N1.55 billion.



READ MORE: https://nairametrics.com/what-nigerian-billionaires-made-between-2015-2016/


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