In nine months in 2024, Aradel Holdings posted a net profit of N110.6 billion, marking a 477 percent year-on-year growth, from the N19.2 billion recorded in the corresponding period in 2023. Hence, the dividend distributed for the period represents a dividend payout ratio of 31 percent.
The propo
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David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
