Conoil board approves 2017 audited financial report

…To pay N2 per share as dividend

*Conoil Plc service station.

OpeOluwani Akintayo

01 June 2018, Sweetcrude, Lagos – The board of directors of Conoil has approved the company’s audited financial statements for the year ended, 31^st December 2017.

In a memo signed by the company’s Secretary/ Legal Adviser, Conrad Eberemu, and sent to the Nigerian Stock Exchange, NSE, on Wednesday.

According to the memo, the board also approved payment of a dividend of 200 kobos per share recommended at the 48^th Annual General Meeting, adding that dividend warrants will be dispatched or mailed on 23^rd July to only members whose names appear in the register, latest 14^th June 2018.

The memo further said register of members will be closed from 18^th to 22^nd June to enable preparation and payment of dividends.