Shareholders Archives — Page 3 of 7

February 20, 2022 No Responses

United Capital Proposes 114% Increase In Dividend

United Capital Plc, an investment bank and pan-African financial services group, has proposed 114 per cent dividend increase to N1.50 for every 50k ordinary share for the financial year ended Dec. 31, 2021. The Group Chief Executive Officer of the...

December 17, 2021 No Responses

Access Bank Shareholders Approve Holdco Structure

Shareholders of Access Bank Plc have unanimously approved the bank’s proposed reorganisation into a Holding Company (Holdco) to be known as Access Holding Plc. The shareholders gave the approval at the bank’s Court- Ordered Meeting on Thursday in Lag...

December 13, 2021 No Responses

Shareholders Seek Reduction In Banks’ Mandatory Cash Reserve Ratio

Members of Independence shareholders Association of Nigeria (ISAN) have criticised hike in banks’ mandatory Cash Reserve Ratio (CRR). In a statement on Sunday, ISAN’s founder, Sir Sunny Nwosu, urged the Central Bank of Nigeria (CBN) to reduce t...

October 27, 2021 No Responses

Twitter Profits Slump To $809m

Twitter lost more than half a billion dollars in the three months to September after it paid $809.5m (£588m) to settle a long-running lawsuit. The social media giant was accused of misleading investors over user engagement in 2015. However despite...

October 5, 2021 No Responses

Airtel Africa To Buyout Nigerian Minority Shareholding

Airtel Africa has announced that its subsidiary, Airtel Networks Ltd., (Airtel Nigeria) has initiated a process to buy back 8.27 percent minority shareholdings at N55.81 per share. In a statement on Monday, the Group Company Secretary, Mr Simon O’Hara, ex...

July 29, 2021 No Responses

Shareholders Okay N2b For Presco’s 2020 Dividend

By Moses Ebosele, ebosele@hotmail.com — Shareholders of Presco Plc, on Wednesday, approved request by the Board of the company to pay 200 kobo per share dividend for the financial year ended December 31, 2020, amounting to N2billion...

July 23, 2021 No Responses

NETCO Declares N18.02b Revenue, Shareholders Get N400m Dividend

For the year ended December 31, 2020, the National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has reported N18.02 billion revenue and profit before tax of N3.37 billion. Also, withi...

June 25, 2021 No Responses

At TAJBank’s AGM, Shareholders Laud Performance

Shareholders of TAJBank Limited, Nigeria’s leading non-interest banking products and services provider, yesterday commended the board and management of the bank for its impressive performance in its first year of operations, promising continued commitment to...

June 23, 2021 No Responses

SAHCO Shareholders Okay N223.34m For 2020 Dividend

For the 2020 financial year, shareholders of Skyway Aviation Handling Company (SAHCO) Plc, on Tuesday in Lagos unanimously approved N223.34 million dividend, amounting to 16.5 kobo per share. Chairman of the company, Dr Taiwo Afolabi...

June 23, 2021 No Responses

27 Years After, Okitipupa Oil Palm Shareholders Get 25kobo Dividend

The Okitipupa Oil Palm Plc has resolved to pay its shareholders 25k dividends for the year ended December 31, 2020, 27 years after it last paid. Chairman of the Board of Directors, Chief Mobolaji Osomo, made the disclosure at the 31st...

June 17, 2021 No Responses

Dangote Cement Issues N50b Bond

By citybusinessnews@yahoo.com — Dangote Cement Plc has announced the successful issuance of N50 billion series 1 fixed rate senior unsecured bonds, under its new N300 billion multi-instrument issuance programme. Chief Executive Officer, Dangote Ce...

June 4, 2021 No Responses

Shareholders Protest Exclusion From EKO Hospital EGM

Some shareholders of EkoCorps Plc, owners of Eko Hospital, on Thursday staged a peaceful protest over disenfranchisement of stakeholders and founders from participating in its Extra-Ordinary General Meeting (EGM) The News Agency of Nigeria (NAN) reports that t...

May 29, 2021 No Responses

NASCON Shareholders Approve N1.06b Dividend For 2020

Shareholders of NASCON Allied Industries Plc have approved a total dividend of N1.06 billion declared by the Board of the company for the financial year ended December 31, 2020, amounting to 40kobo per share. Speaking at the meeting, the Natio...

May 27, 2021 No Responses

Dangote Cement Shareholders Okay N272.6b For 2020 Dividend

For the year ended December 31, 2020, shareholders of Dangote Cement Plc on Wednesday approved total dividend of N272.6 billion, amounting to N16 per share. Speaking at the 12th Annual General Meeting (AGM) held virtually in Lagos State, the founder,...