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Julius Berger Board Approves ₦6.8bn Dividend at Abuja AGM as Profits Rise 38%

Shareholders endorse ₦4.25 per share payout; revenue climbs to ₦566.71bn with strong gains in construction sector

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2 days ago

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Shareholders endorse ₦4.25 per share payout; revenue climbs to ₦566.71bn with strong gains in construction sector

Julius Berger Nigeria Plc has approved a total dividend payout of ₦6.8 billion following a robust financial year that saw significant growth in both revenue and profitability. The decision was reached during the company’s Annual General Meeting (AGM) held on Thursday in Abuja, with shareholders unanimously backing the proposed dividend of ₦4.25 per share.

Addressing participants at the AGM, Board Chairman Engr. Goni Musa Sheikh disclosed that Julius Berger’s revenue surged by 34.1 percent, reaching ₦566.71 billion in the 2024 financial year, attributed to increased project activities across its core business segments. Profit before tax also witnessed a notable jump, rising by 38.5 percent to ₦40.95 billion from ₦29.57 billion in the previous year.

The company recorded a net profit of ₦30.17 billion for the period under review, which Sheikh described as one of Julius Berger’s strongest performances in recent years. Earnings per share nearly doubled to ₦18.69, up from ₦9.54 in 2024—a development welcomed by shareholders seeking stronger returns amid current economic challenges.

Sheikh attributed the improved results to efficient project execution and consistent performance across Julius Berger’s four main operational divisions: civil engineering, building construction, services, and diversification initiatives. He highlighted several major infrastructure and building projects completed nationwide during the year, which he said reinforced the company’s leadership position within Nigeria’s construction sector.

Looking ahead, Sheikh expressed optimism about sustaining this momentum through continued focus on service delivery and financial discipline. The approved dividend is expected to be distributed to shareholders in accordance with statutory guidelines.

Source: https://guardian.ng/business-services/julius-berger-approves-n6-8b-dividend-payout-as-profits-surge/

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Nigeria News (Standard)

Oyebanji Set to Clinch Ekiti Governorship as APC Sweeps All 16 LGAs

INEC prepares to announce official results after APC’s dominant showing across Ekiti, opposition parties yet to react

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8 minutes ago

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June 21, 2026

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INEC prepares to announce official results after APC’s dominant showing across Ekiti, opposition parties yet to react

The Independent National Electoral Commission (INEC) is on the verge of declaring Biodun Oyebanji of the All Progressives Congress (APC) winner of the 2026 governorship election in Ekiti State, following a sweeping victory for the party across all 16 local government areas. The collation of results took place on Sunday, 21 June 2026, with INEC officials indicating that final figures would be announced shortly.

According to information available as at Sunday evening, the APC recorded a landslide in every LGA, positioning Oyebanji for a second term in office. The announcement is expected to be made at INEC’s state headquarters in Ado-Ekiti once collation is formally completed and certified by returning officers.

The apparent clean sweep by the APC marks a significant consolidation of power in Ekiti, South-West Nigeria, where opposition parties have previously contested results closely. This year’s exercise saw relatively high voter turnout and a peaceful voting process reported from most polling units across the state.

INEC officials present at the collation centre confirmed that final declaration procedures are underway. As at press time, leading opposition parties have not issued statements on the outcome. The commission has maintained that all protocols are being observed and has urged candidates and supporters to await the official pronouncement.

Once declared, Oyebanji’s victory will reinforce APC’s dominance in Ekiti politics and could shape political alignments ahead of the next general elections. Analysts say attention will now turn to how aggrieved parties respond and whether legal challenges may emerge in coming days.

Source: https://www.premiumtimesng.com/news/headlines/889495-ekitidecides2026-inec-set-to-declare-oyebanji-winner-as-apc-records-sweeping-victory-across-16-lgas.html

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Nigeria News (Standard)

Ekiti Governor Oyebanji Extends Lead as INEC Announces More 2026 Election Results

APC candidate maintains advantage in key Ekiti LGAs; opposition parties yet to concede as collation continues

Published

38 minutes ago

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June 21, 2026

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APC candidate maintains advantage in key Ekiti LGAs; opposition parties yet to concede as collation continues

Governor Biodun Oyebanji of Ekiti State has widened his lead in the ongoing collation of the 2026 governorship election results, according to figures released by the Independent National Electoral Commission (INEC) on Sunday. The announcement, made at the state collation centre in Ado-Ekiti, shows Oyebanji, who is seeking re-election under the All Progressives Congress (APC), ahead of his main challengers in most local government areas declared so far.

INEC officials continued releasing results from various LGAs throughout Sunday, with Oyebanji securing majorities in several key constituencies. The process, which began on Saturday evening after voting ended across Ekiti’s 16 local government areas, has seen large turnouts and close monitoring by party agents and observers. As at Sunday afternoon, the APC candidate was reported to have maintained a significant margin over his closest rivals from the Peoples Democratic Party (PDP) and Labour Party (LP), though final figures are still being awaited from some remaining areas.

The governorship election is seen as a crucial test for both APC and PDP in Ekiti State, located in the South-West geopolitical zone. With voter interest high following recent political developments nationwide, stakeholders say the outcome could influence alignments ahead of the 2027 general elections. The exercise has also drawn attention due to its largely peaceful conduct and improved logistics compared to previous polls in the state.

INEC’s Resident Electoral Commissioner for Ekiti State urged all parties and supporters to remain calm as collation continues. “We appeal for patience while we complete this important process,” he said at the collation centre. Opposition party representatives present declined to comment on preliminary results but indicated they would await final tallies before making any official statement.

Final declaration of the winner is expected once all LGA results are collated and certified by INEC officials. Security personnel have maintained a visible presence around collation centres across Ekiti, with no major incidents reported as at press time.

Source: https://www.premiumtimesng.com/news/top-news/889492-ekitidecides2026-oyebanji-extends-lead-as-inec-announces-more-results.html

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Nigeria News (Standard)

APC Wins Ekiti Governorship Poll in PDP Candidate’s Stronghold

Victory in opposition base signals shifting political landscape ahead of 2026 general elections, analysts say

Published

3 hours ago

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June 20, 2026

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Victory in opposition base signals shifting political landscape ahead of 2026 general elections, analysts say

The All Progressives Congress (APC) has clinched a significant victory in the Ekiti State governorship election, securing majority votes in a local government area previously regarded as a stronghold of the Peoples Democratic Party (PDP). The result was announced on Sunday, 21 June 2026, by electoral officials at the collation centre in Ado-Ekiti.

The APC candidate outperformed the PDP challenger by a wide margin in the constituency, overturning past voting patterns that consistently favoured the opposition. Election observers noted that turnout was moderate, with security agencies maintaining a visible presence across polling units to ensure a peaceful process. Official figures for total votes cast and margin of victory are yet to be released by the Independent National Electoral Commission (INEC).

This outcome is seen as a major upset in Ekiti’s political landscape, as the constituency has historically delivered strong support for PDP candidates in previous governorship and general elections. Political analysts have attributed APC’s breakthrough to recent grassroots mobilisation efforts and what they describe as voter dissatisfaction with past PDP representation at both state and federal levels.

In his reaction, an APC chieftain described the win as “a clear endorsement of our party’s renewed commitment to good governance,” while promising to consolidate on recent gains. However, PDP officials expressed concern over alleged irregularities and said they would review available evidence before deciding on next steps. The opposition could not be immediately reached for an official statement regarding possible legal challenge or petition.

With this development, attention now turns to how the APC will build on its momentum ahead of the 2026 general elections, particularly as parties strategise for further contests across Ekiti State and other parts of the South-West zone.

Source: https://www.premiumtimesng.com/news/889489-ekitidecides2026-apc-secures-victory-in-pdp-candidates-stronghold.html

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