Northern Nigeria Flour Mills Declares 25 Kobo Dividend at 53rd AGM

Northern Nigeria Flour Mills Plc (NNFM Plc) has permitted a closing dividend of 25 kobo per share for the monetary 12 months ended March 31, 2025.

The decision was handed on the firm’s 53rd Annual Normal Assembly (AGM) held on Thursday, September 25, 2025, at Bristol Palace Resort, Kano.

Key Resolutions Handed

1. Monetary Statements
   Shareholders acquired and permitted the Audited Monetary Statements for the 12 months ended March 31, 2025, alongside the reviews of the Administrators, Auditors, and Audit Committee.

2. Dividend Declaration
   A closing dividend of 25 kobo per share, amounting to ₦44.55 million, was permitted for distribution to shareholders.

3. Re-election of Administrators
   The next administrators, who retired by rotation and supplied themselves for re-election, had been returned to the board:

   • Alhaji Sani Umar

   • Alhaji Sadiq Usman

   • Alhaji Auwalu Muktari

4. Auditors’ Remuneration
   Administrators had been licensed to find out the remuneration of the exterior auditors.

5. Statutory Audit Committee
   Shareholders re-elected the next representatives:

   From the Board, Alhaji Sani Umar and Alhaji Auwalu Muktari had been nominated to serve on the committee.

The corporate secretary, Ogwuche Theophilus, confirmed the resolutions in an announcement to the Nigerian Change (NGX).