Berger Paints Nigeria Plc Approves N1.25 Final Dividend at 2026 AGM

Berger Paints Nigeria Plc shareholders have approved a final dividend of N1.25 per 50 kobo ordinary share for the 2025 financial year following resolutions passed at the company’s 66th Annual General Meeting held virtually on May 21, 2026.

The dividend payment will be made to shareholders whose names appeared in the company’s register of members as of the close of business on April 23, 2026, subject to applicable withholding tax deductions.

At the meeting, shareholders also received and adopted the company’s audited financial statements alongside the reports of directors, auditors, board appraisers and the audit committee for the year ended December 31, 2025.

The company further announced the re-election of Mrs. Erejuwa Gbadebo and Dr. Aisha Umar as Independent Non-Executive Directors following their retirement by rotation.

Shareholders also authorised the board to determine the remuneration and expenses of the company’s external auditors.

In a disclosure presented during the meeting, Berger Paints Nigeria Plc stated that total remuneration paid to managers of the business for the 2025 financial year stood at N280.43 million.

The company also confirmed the re-election of three shareholder representatives to its statutory audit committee. They include Mr. Chibuzor Eke, Mrs. Mary Joke Shofolahan and Mr. Taiwo Afinju.

In addition, Dr. Ogechi Iheanacho and Mr. Kunle Olowokande were appointed by the board to serve on the committee as directors’ representatives.

Under the special business segment of the AGM, shareholders approved the payment of N37.03 million as retirement benefits to Mr. Raj Mangtani following his retirement from the board.

The meeting also endorsed the renewal of the company’s general mandate covering recurrent related party transactions required for its operational activities in line with the rules of Nigerian Exchange Limited governing transactions involving related parties and interested persons.

The renewed mandate will remain effective until the conclusion of the company’s next annual general meeting.

The resolutions come as listed consumer goods and industrial firms continue to balance shareholder returns with rising operating costs, currency pressures and broader macroeconomic challenges affecting business operations across Nigeria.