Shareholders of 11 Plc have approved a dividend of N9.50 per share for the financial year ended December 31, 2026, as the company’s Acting Managing Director, Osagie Ogedegbe, made his maiden public appearance at the firm’s 48th Annual General Meeting (AGM) in Abuja.

The meeting, held at Abuja Continental Hotel, marked a significant leadership moment for the company formerly known as Mobil Oil Nigeria Plc, as Ogedegbe formally addressed shareholders in his new role, outlining a growth-focused agenda for the downstream operator.

In his address, Ogedegbe expressed appreciation for the confidence reposed in the management team and pledged to drive the company with professionalism, discipline, and a results-oriented strategy aimed at strengthening long-term value creation.

He assured shareholders that the quality of Mobil lubricants produced by 11 Plc would remain consistent with global standards, noting that the company’s operational excellence is anchored on its technical heritage and rigorous training culture within the ExxonMobil system.

Looking ahead, the Acting Managing Director said the company would pursue aggressive commercial expansion, market penetration, and business diversification to boost revenue and enhance profitability in a competitive downstream environment.

He also emphasised that inclusion and diversity would be prioritised in the company’s workforce and corporate strategy, describing them as central to sustaining innovation and long-term organisational resilience.

“Better days are ahead,” Ogedegbe told shareholders, adding that the company was positioning itself for stronger earnings and broader growth opportunities across its business segments.

He further stated that excellent service delivery would remain a core pillar of operations across fuel retailing, lubricant production, and corporate solutions, stressing that customer satisfaction would define the company’s competitive edge.