Lafarge Africa Plc has proposed a sharp increase in dividend payout to shareholders for the 2025 financial year, as the board of directors recommended a gross dividend of 600 kobo per ordinary share, five times higher than the 120 kobo paid in 2024. According to the annual reports filed with the Nigerian Exchange Limited, this proposed total dividend payout for 2025 stood at about N96.65bn compared with N19.33bn a year earlier. The final dividend of 600 kobo per unit of 50 kobo ordinary share will be paid to shareholders whose names are in the Register of Members as at the close of business on Friday, 3 April 2026. The PUNCH reports that the proposed dividend remains subject to approval by shareholders at the company’s forthcoming Annual General Meeting scheduled for 30 April 2026. The...