Unilever Nigeria Approves N18.67 Billion Dividend, Re-elects Directors at 2026 AGM

Unilever Nigeria Plc has approved a total dividend payout of N18.67 billion for the 2025 financial year following resolutions passed at its Annual General Meeting held on May 8, 2026, in Lagos.

According to the company, shareholders approved a dividend of N3.25 per share for investors whose names appeared in the register of members at the close of business on April 10, 2026.

The dividend will be paid after the deduction of applicable withholding taxes and statutory charges.

The resolutions were disclosed to the Nigerian Exchange Limited on May 11, 2026.

At the meeting, shareholders also approved the election of Ibrahim Sodipe and Uchenna Nwakanma as directors of the company.

In addition, Michael Ikpoki, Ben Langat and Ngozi Edozien, who retired by rotation, were re-elected to the board after being deemed eligible for another term.

Shareholders further authorized the board of directors to fix the remuneration and expenses of the company’s independent auditors for the financial year ending December 31, 2026.

For the statutory audit committee, shareholders elected Wahab Abioye Ajani, Olusegun David Oguntoye and Kolawole Olalekan Durojaiye as shareholders’ representatives, while Michael Ikpoki and Ngozi Edozien were appointed as directors’ representatives.

The company also approved N120 million as remuneration for its non-executive directors for the 2026 financial year.

The approved amount covers directors’ fees, while sitting allowances will continue to be paid based on attendance at board and committee meetings.

Shareholders equally granted the company a general mandate to procure goods, services and financing from related parties or interested persons during the 2026 financial year under normal commercial terms and in line with the company’s transfer pricing policy.

The approval also ratified transactions already executed under the arrangement before the date of the annual general meeting.