The National Supply Company (NSC) Cooperative Society has announced a surplus of N181.2 million for the financial year ended December 31, 2025, according to reports from the cooperative's annual general meeting held in Abuja on July 16, 2026.
The surplus represents a significant increase from the previous year's figure of N145.6 million, driven by improved member contributions and investment income. The cooperative also unveiled its newly elected board of directors, with Mr. Ibrahim Musa elected as the new president, succeeding Mrs. Fatima Bello who served for two terms.
In his acceptance speech, Mr. Musa pledged to enhance member benefits and expand the cooperative's loan portfolio. The outgoing president, Mrs. Bello, was commended for her leadership during a period of growth.
The cooperative, which serves employees of the National Supply Company, has over 2,500 active members and provides savings and loan services. The meeting also approved a dividend payout of N0.75 per share for members.
