Shareholders – Page 6 – City Business News

April 7, 2021 No Responses

Shareholders Task Firms To Cut Operational Cost

The Shareholders Association, Ibadan Zone, has urged companies in Nigeria to be decisive and cut operational costs to catalyze the business environment in the face of economic challenges. Mr Eric Akinduro, the Chairman of the Association, gave the advice in...

April 2, 2021 No Responses

UBA Assures Shareholders Of impressive Performance, Explains N7.7tri Assets

United Bank for Africa (UBA) Plc on Thursday assured its shareholders and investors of enhanced returns on investments in the coming months. This, the bank said, followed its establishment of a diversified business model that would ensure impressive performanc...

March 23, 2021 No Responses

Afriland Shareholders Okay N68.69m Total Dividend For 2020

Afriland Properties Plc on Monday approved a total dividend of N68.69 million recommended by the company for the financial year ended Dec. 31, 2020. The dividend which translated to 5k per share was approved by the shareholders at the company’s...

March 17, 2021 No Responses

Zenith Bank Shareholders Okay N94.19b Total Dividend For 2020

Shareholders of Zenith Bank Plc, on Tuesday, approved proposed final dividend of N2.70 per share, bringing total dividend for the 2020 financial year to N3 per share, amounting to N94.19 billion. According to th...

January 7, 2021 No Responses

Peace Mass Transit Acquisition Of C & I Leasing To Enhance Shareholders Value

C & I Leasing Plc on Wednesday expressed optimism that the emergence of Peace Mass Transit as the company’s majority shareholder would bring enhanced value creation for all its stakeholders. Mr Andrew Otike-Odibi, the company’s Managing Director/Chief ...

December 23, 2020 No Responses

BUA Cement Opens Three Additional Production Lines

BUA Cement Plc on Tuesday notified the Nigerian Stock Exchange (NSE), shareholders and the investing public of its plans to build three additional production lines in Adamawa, Edo and Sokoto states. The company disclosed this in a notice titled, ‘Notificatio...

December 10, 2020 No Responses

AIICO Insurance Shareholders Back N20b Share Capital

AIICO Insurance plc on Wednesday said it had surpassed the December 2020 deadline expectations of the National Insurance Commission (NAICOM). Managing Director /Chief Executive Officer (CEO), Mr Babatunde Fajemirokun, in a statement explained that the co...

December 7, 2020 No Responses

Shareholders Back GTBank’s Planned HoldCo Structure

The shareholders of Guaranty Trust Bank Plc (GTBank) have approved the Holding Company (HoldCo) structure for the bank, as they expressed excitement over the benefits they would gain from the new structure. The shareholders in a statement on Sunday gave t...

November 4, 2020 No Responses

C&I Leasing Shareholders Endorse Neoma Africa $10m Loan To Equity Conversion

C&I Leasing Plc shareholders have unanimously approved the conversion of $10 million loan to equity for Neoma Africa Fund (formerly Aureos African Fund). The shareholders gave the approvalat the company’s Extra-Ordinary General Meeting (EGM) on Tuesday i...

September 23, 2020 No Responses

Market Capitalisation Sustains Growth By N67b

The Nigerian Stock Exchange (NSE) key market indicators on Wednesday sustained positive rally, appreciating by 0.50 per cent due to monetary policy rate cut to 11.5 per cent. Speficially, the market capitalisation rose by N67 billion to close at N13.474...

September 10, 2020 No Responses

Market Capitalisation Recovers N50b

The key market indicators of the nation’s bourse recorded first week gain on Thursday, rebounding by 0.38 per cent on renewed bargain hunting. Specifically, the All-Share Index improved by 96.06 per cent or 0.38 per cent to close at...

September 2, 2020 No Responses

Presco Shareholders Okay N2billion Dividend For 2019

By Moses Ebosele, ebosele@hotmail.com Shareholders of Presco Plc, on Wednesday, commended the Board and Management of the company for declaring N2billion dividend for the financial year ended December 31, 2019 despite various challenges. The sharehol...

September 2, 2020 No Responses

Market Capitalisation Sustains Growth With N24b

The Nigerian Stock Exchange’s (NSE) key market indices on Wednesday appreciated further by 0.18 per cent due to sustained bargain hunting. Consequently, the NSE All-Share Index rose by 46.05 points or 0.18 per cent to close at 25,460.00 compared...

September 1, 2020 No Responses

NSE Resumes September Trading With N46b Growth

The Nigerian Stock Exchange (NSE) on Tuesday sustained positive trend to open trading for the month of September with a growth of N46 billion. Specifically, the market capitalisation which opened the month at N13.212 trillion appreciated by N46 billion to...