Nwannegadi Microfinance Bank Nigeria Limited has announced plans to hold its 19th Annual General Meeting (AGM) virtually on December 5, 2026, with shareholders expected to consider key financial and corporate matters, including a proposed dividend of five kobo per share for the 2025 financial year.
According to a notice of the meeting issued by the bank through ,Company Secretary, Adamma Ogike, the virtual AGM will commence at 10:00 a.m. and provide shareholders with an opportunity to review the bank’s performance and deliberate on matters relating to its operations and governance.
The notice stated that the meeting would consider the audited accounts of the bank for the financial year ended December 31, 2025, alongside the reports of the Directors, Auditors and Statutory Audit Committee.
Shareholders are also expected to consider the declaration of a dividend for the 2025 financial year and authorise the Directors to appoint auditors and determine their remuneration.
Under the special business of the meeting, shareholders will consider and, if thought fit, pass a special resolution approving a dividend payment of five kobo for every share held on the bank’s register of shareholders as of the close of business on December 31, 2025.
The proposed dividend, if approved, will enable eligible shareholders to receive returns on their investments in the financial institution.
The notice further explained that members are entitled to attend and vote at the AGM or appoint proxies to attend and vote on their behalf.
