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Heineken NV Holding gets 6 million dollar in dividend, despite drop in profits Nigerian breweries

5 November 2019 by Idriss Linge (former Money Trail trainee Nairobi 2019)

Despite a further drop in its net profit, Nigerian Breweries, the Nigerian subsidiary of Heineken, continues with its generous dividend policy. The Heineken group benefits the most. It holds 53.2% of the shares in the Heineken NV Holding. Which entitles him to 2.12 billion interim dividend, or about $ 6 million. Although the Nigerian economy faces challenges, the majority shareholders of Nigerian Breweries have clearly defended their interests first.

Please read the full article on Agence Ecofin Finance page here