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Recapitalisation: LASACO Insurance gets investors nod to raise N10bn additional capital

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LASACO

LASACO Assurance Plc has gotten its shareholders’ approval to raise N10 billion additional capital through special/private placement. The shareholders gave the approval on Tuesday at the firm’s Annual General Meeting (AGM) in Lagos. With the approval, the firm hopes to raise additional capital through the issuance of up to 9,250,000,000 ordinary shares of N0.50k each […]

Nestle shareholders endorse N7.9bn dividend

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Nestle Nigeria PLC will today, Wednesday, pay out a dividend of N7.93bn as approved by shareholders at its 48th Annual General Meeting held in Lagos on Tuesday. The dividend translates to N10 per share and represents a 100 percent pay-out ratio on the issued share capital of 792.7 million ordinary shares of 50k each. In […]