Business

Shareholders laud NASCON’s good financial performance

Ihesiulo Grace 6 June 2022 0

Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited (DIL) have commended the food seasoning company over its impressive performance in the year ended December 31, 2021, despite the harsh economic operating environment just as the company emerged as the best

News

Total rebrands to TotalEnergies, shifts focus on energy transition goals

Ihesiulo Grace 1 June 2021 0

Joy Obakeye The Shareholders of Total, has unanimously agreed to change the name of the company to TotalEnergies in line with its plans to become a broad energy company. In a statement by the company, a decision was taking at the Ordinary and Extraordinary Shareholders’ Meeting, shareholders approved today, almost unanimously, the resolution to change […]

Business News

Fidelity Bank shareholders okay N0.22 kobo dividend

Ihesiulo Grace 3 May 2021 0

BY TEMITOPE ADEBAYO Shareholders of Fidelity Bank Plc have unanimously endorsed the payment of a cash dividend of 22 kobo per share for the 2020 financial year. This translates to a dividend yield of 9.2 per cent making it the 4th most rewarding Bank to investors in the Nigerian Capital Market. This announcement was made […]

News

Transcorp Group unveils new strategic vision for improved dividends

Ihesiulo Grace 30 April 2020 0

…Achieves N76.35bn turnover, N7.90bn PBT Transcorp Group, Nigeria’s leading listed conglomerate, the largest power generator in Nigeria, operator of sub-Saharan Africa’s largest hotel and a growing natural resources player has unveiled new strategy to grow earning powers of shareholders in dividends. The President/Group CEO of Transcorp, Owen Omogiafo who set out the

Business

Shareholders task Zenith Bank on seamless banking expansion

Ihesiulo Grace 17 March 2020 0

…As investors get 2.80k dividend per share Shareholders of Zenith Bank Plc has urged the lender to embark on seamless banking expansion, even as the bank declared a Profit-After-Tax (PAT) of N178billion, and also paid a dividend of N2.80 kobo to its investors. Speaking during the Zenith Bank’s 29th Annual General Meeting (AGM), in Abuja […]

Business News

Shareholders of Ultimate MfB appoint 3 new directors

Ihesiulo Grace 19 November 2018 0

The shareholders of Ultimate Microfinance Bank have appointed three new directors to run the affairs of the Unit MfB for another 5 years. The Extra-Ordinary General Meeting (EGM) that was conducted at the company’s office in Lagos on Friday witnessed huge turnout by shareholders who delightfully voted the three out of the five directors invited […]

Business Headlines

Africa to become world’s most dynamic market by 2045 -Afreximbank boss

Ihesiulo Grace 14 July 2018 0

…Says next 25 years will be challenging but full of opportunities African Export -Import Bank (Afreximbank) has projected that in the next 25 years from now, Africa will overcome direct and indirect ploys from world powers to take control of its abundant natural and human resources to become the world’s factory for manufacturing as well […]

Business Headlines

Dangote Cement delights shareholders with N179bn dividend

Ihesiulo Grace 21 June 2018 0

…Pays N10.50 per 50k share Shareholders of Dangote Cement on Wednesday at the company’s 9th Annual General Meeting (AGM) in Lagos were full of praise for the Board, Management and staff of the company after approving the dividend payout of N10.50 per 50k share, representing 90 per cent of net profit and an increase of […]

Business Headlines

Fidelity Bank: We’ll catalyse opportunities to deliver better returns, Okonkwo assures shareholders

Ihesiulo Grace 29 May 2018 0

Managing Director/ Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has said that the bank will catalyze growing opportunities in the Nigerian economy, to deliver good returns to shareholders in 2018. Speaking at the bank’s 30th Annual General Meeting (AGM) in Lagos on Friday, Okonkwo said the bank would continue to focus on […]

Capital Market

Academy Press weakens growth chances as loss rises

Ihesiulo Grace 19 January 2018 0

Academy Press Plc closed its 2017 financial year ended 31 March on sustained negative trend as loss position intensified, calling for increased action by the company or the regulators to cushion the trend which has denied shareholders growth opportunities. The trend has further subdued prospects of growth in equity price or expectation of early reversal […]

Capital Market

Chellarams declares N2.64bn PAT in Q2”18 result

Ihesiulo Grace 9 November 2017 0

….as net income grew by 84.06% Shareholders of Chellarams Nigeria Plc may have started looking up to rewarding 2018 financial year, hinged on the company’s remarkable second quarter result released for the period ended 30th September 2017. The result released by the Nigerian Stock Exchange (NSE) on Thursday, 09th October, 2017, showed that revenue depressed […]

Business Money

Wema Bank: Shareholders approve capital reconstruction exercise

Ihesiulo Grace 22 October 2017 0

. Records 16.79% growth in gross earnings Q3’2017 As part of effort in achieving its targeted clean clear balance sheet, Wema Bank Plc, has received the approval of its shareholders towards the attainment of its Scheme of Capital Reorganisation exercise. This is just as the lender continued to show signs of resilience, despite the economic […]

Business Capital Market

Oando Shareholders commend SEC on intervention

Ihesiulo Grace 19 October 2017 0

Bonny Amadi Cross- section of shareholders of Oando Plc and capital market experts have lauded the speedy action taken by the Securities and Exchange Commission (SEC) by heeding to request for investigations into the happenings in the company’s management. The shareholders, on Thursday, expressed that wrong doing will be exposed and adequate sanctions meted out […]

Business Capital Market News

Suspended Oando assuages shareholders, to release offical statement soon

Ihesiulo Grace 19 October 2017 0

Afolabi Adesola Oando Plc has reacted to the suspension and forensic audit directives from Nigeria’s Securities and Exchange Commission (SEC). The energy firm in a statement released via the Nigerian Stock Exchange (NSE) late Wednesday noted that “The Company is currently reviewing subsequent correspondence received from the NSE and SEC and will provide a full

Business News

Union Bank assures shareholders over N50bn rights issue

Ihesiulo Grace 12 October 2017 0

…..as 80% rights proceeds goes to operations Union Bank of Nigeria (UBN) Plc, on Wednesday, said its ongoing N50 billion rights issue would position the bank to pay enhanced dividends to its shareholders. UBN Managing Director, Mr Emeka Emuwa, made the disclosure at the bank’s “facts behind the offer’’ on the floors of the Nigerian […]

Capital Market Capital Market

SEC:Listed companies to stop printing annual reports

Ihesiulo Grace 18 August 2017 0

The Nigerian Securities and Exchange Commission (SEC) has revealed part of its near-future plans is the phasing out of printed annual reports for distribution to shareholders, by publicly listed companies. The Director General of SEC, Mr. Mounir Gwarzo who disclosed this during the post CMC meeting held in Lagos on Wednesday explained that the purpose […]

Business

Ecobank proposes $400m convertible bond issue

Ihesiulo Grace 20 April 2017 0

In a move to repay the short-term financing and debt restructure of the maturity profile, the management of Ecobank Transnational Incorporated has proposed a $400 million convertible bond issue in second quarter of 2017. The Group Chief Executive Officer, Ecobank, Mr. Ade Ayeyemi in a statement said, “The funds from our proposed $400million convertible bond […]

Business News

Access Bank shareholders endorse N11.57bn total dividend

Ihesiulo Grace 30 March 2017 0

… Raise concern over regulators induced stress on companies Shareholders of Access Bank Nigeria Plc have raised concern over on going stress on listed companies occasioned by regulatory provisions. The cross section of shareholders reechoed the issue at the Access Bank’s Annual General Meeting in Lagos on Wednesday, shortly after endorsing final dividend payment of […]

Business

Shareholders urge GNI to hold AGM

Ihesiulo Grace 11 January 2017 0

Shareholders in Great Nigeria Insurance (GNI) Plc yesterday expressed worry over the inability of the company to hold its 2014 and 2015 Annual General Meetings (AGM). The President, Constance Shareholders’ Association of Nigeria, Mr Shehu Mikail, told newsmen in Lagos that failure to hold the meetings had put the shareholders in the dark about the […]

Business

Dangote Cement's Shareholders to Benefit from New Projects

Ihesiulo Grace 29 April 2015 0

As shareholders of Dangote Cement meet today to approve the company’s 2014 financial results, indications have emerged that the investors will have a lot to be thankful for as a result of the massive expansion project being embarked upon by the company in 16 African countries, outside Nigeria. Returns from the African projects are expected […]