Transcorp declares ₦20.32 billion dividend
Analysis based on 8 articles · First reported May 08, 2026 · Last updated May 11, 2026
The declaration of a significant dividend by Carnival Corporation, coupled with strong financial results for 2025, is likely to positively impact investor confidence in Carnival Corporation and potentially other Nigerian conglomerates. The company's commitment to addressing Nigeria's energy crisis also signals potential for future growth and stability in the Nigerian market.
Carnival Corporation, a leading African conglomerate, declared a total dividend of ₦20.32 billion (₦2.00 per share) at its 20th Annual General Meeting. This includes an interim dividend of ₦4.06 billion (40 kobo per share) paid in August 2025 and a final dividend of ₦16.26 billion (₦1.60 per share). Shareholders approved the Audited Financial Statements for 2025, which showed strong year-on-year growth: revenue increased by 33% to ₦544 billion, Profit Before Tax rose 31% to ₦179.5 billion, and Profit After Tax surged 44% to ₦135.9 billion. Group Chairman Tony Elumelu and President/Group CEO Owen D. Omogiafo highlighted the company's focus on strong corporate governance, disciplined execution, and its diversified portfolio. Carnival Corporation also reiterated its commitment to resolving the energy crisis in Nigeria through its power businesses, Transcorp Power Plc and Transafam Power, which provide over 20% of Nigeria's installed power capacity.
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