Nigeria, April 1 -- Berger Paints is scaling up final dividends for 2025 in mark of a hugely rewarding year, when post-tax profit touched a record and leapt by 147.7 per cent to N1.6 billion, compared to the preceding year, even though turnover only moderately improved.

The manufacturer distributed N0.40 per share to shareholders in interim dividend earlier in the year, twice as much as it did in 2024, and plans to pay N1.25 as final dividend, it said in its audited results published on Tuesday.

That could take its total payout for the year to N478.2 million.

The Nigerian real estate sector is projected to expand at a compound annual growth rate of 6.7 per cent between 2026 and 2029 on rapid urbanisation in key cities. The paint maker,...