Aramco Boosts Dividends Despite Drop In Profit

Aramco Boosts Dividends Despite Drop In Profit

Saudi Aramco has reported a steep decline in profits, after the energy giant cut production and oil prices fell sharply in 2023. Its profits fell 25% to $121bn (£91bn) profits after a record-smashing year in 2022. But the figure is...
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Unclaimed Dividends Hit N190b

Unclaimed Dividends Hit N190b

THE Securities and Exchange Commission (SEC) has disclosed that the unclaimed dividends figure in the nation’s capital market currently stands at N190 billion. Mr Lamido Yuguda, the Director-General of SEC, said this at the second post-Capital Market Committ...
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Fidelity Bank Sets Aside N15.7b For 2022 Dividends

Fidelity Bank Sets Aside N15.7b For 2022 Dividends

For the year ended December 31, 2022, Fidelity Bank Plc has released its audited financial statement and accounts.  The report showed a double in profitability, driven by strong growths in the top-line and the structural balance of the bank’s operations...
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SEC To Sanction Stakeholders Over Unclaimed Dividends

SEC To Sanction Stakeholders Over Unclaimed Dividends

The Securities and Exchange Commission (SEC) has threatened to sanction stakeholders whose actions are frustrating its efforts toward reducing the volume of unclaimed dividends.  Director-General of SEC, Mr Lamido Yuguda, said this at a post-Capital Marke...
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Unclaimed Dividends Hit N180b 

Unclaimed Dividends Hit N180b 

Lamido Yuguda, the Director-General, Security and Exchange Commission (SEC), on Tuesday, said the commission is working to ensure it reduces the level of unclaimed dividends to zero per cent. Speaking at an interactive session with editors on Tuesday in Lagos,...
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CSCS Grows Revenue by 39.2%, Pays N3.7Billion Dividends

CSCS Grows Revenue by 39.2%, Pays N3.7Billion Dividends

In keeping to its commitment of ensuring strong and sustainable returns to its shareholders, the Board of Central Securities Clearing System (CSCS) Plc has proposed a total dividend of N3.7Billion to its shareholders, reinforcing the value accretion to its equ...
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