Caption: From left to right, Non-Executive Director, Richard Walker; Chief Financial Officer, Ebenezer Elusakin; Chief Executive Officer, Oghale Elueni; Chairman, Ifueko M. Omoigui Okauru; Company Secretary, Oghenekevwe Ogefere; Non-Executive Director, Dr. Anthony Idigbe; and Non-Executive Director, Oluwatoyin Odutayo, during the 78th Annual General Meeting of PZ Cussons Nigeria Plc in Abuja, on on Wednesday, October 28, 2026.
Directors of personal healthcare products and consumer goods conglomerate, PZ Cussons Nigeria Plc, on Monday got the blessing of shareholders to pay a final dividend of N9.926bn for the 2026 financial year at the company’s 78th Annual General Meeting (AGM) in Abuja last week.
Addressing the shareholders, the company’s chairman, Mrs. Ifueko Omoigui Okauru, said each shareholder would receive a final dividend of N2.50 per ordinary share of 50k each, in addition to approving the implementation of a scrip Dividend Scheme, under which qualifying shareholders may elect to receive new ordinary shares in the company in lieu of all or part of their cash dividend entitlement.
Photo Caption: Shareholders at the AGM
Shareholders also moved a resolution for the extension of the election deadline from November 23, 2026 to November 4, 2026, in addition to approval that the final dividend of N2.50 will be paid on November 6, 2026.
The company, she continued, has demonstrated strong resilience and shown remarkable improvement in operating performance backed by a restructured balance sheet.
“Our performance is improving year-on-year, and we will continue to leverage our strategic operating model and a more stable macroeconomic environment to drive growth and create value for all stakeholders”.
Speaking at the event, shareholders at the meeting commended the board and management for approving the dividend despite the challenging business environment in Nigeria.
Chairman, Viewpoint Shareholders Association, Uyo, for example, Chief Peter Essien applauded the company’s leadership for managing the business effectively, citing the improved performance in profit and revenue recorded in the 2026 financial year.
“Special kudos to the board and management of the company for the outstanding performance recorded for the financial year ended May 31, 2026. I am happy and satisfied with the growth witnessed over the last few years,” Essien said.
Also speaking, the Chairman, New Dimension Shareholders Association, Patric Ajudua, lauded the company’s management for its financial prudence and the deleveraging of the balance sheet, the impact of which has been the transition from a negative equity position of -N17.3bn to over N66.6bn.
The Board Chair stated that the company remains focused on growth and the continuous creation of value for stakeholders, especially after the conclusion of the Strategic Review of the African businesses and the decision by the parent company to retain its Nigerian operation as part of the wider Group.
