By Financescape The Boards of Directors of UAC of Nigeria Plc (“UAC”) and UACN Property Development Company Plc (“UPDC” or the “Company”) (collectively the “Boards”, individually the “Board”) informed The Nigerian Stock Exchange, their shareholders, and stakeholders that they are considering strategic initiatives involving a recapitalization and restructuring of UPDC. These initiatives are […]
By Financescape Zenith Bank has changed the payment date for the 30 kobos interim dividend from the proposed date of September 2, 2019, to September 4, 2019. In a statement sent to the Nigeria Stock Exchange, the bank stated that the postponement was necessitated by the need to ensure that all transactions executed […]
By Financescape UAC of Nigeria plc has informed the Nigeria Stock Exchange and investing public that it has entered into an agreement with imperial logistics limited under which imperial logistics ltd proposed to increase its shareholding in MDS logistics ltd from 49% to 57%, by acquiring an additional 8% shareholding from UAC Nigeria. […]
By Financescape The Nigeria Stock Exchange Has announced the delisting of Skye Bank Plc and Fortis Microfinance Bank Plc. In a notice to its dealing members, The Nigeria Stock Exchange stated that pursuant to Clause 15 of the General Undertaking, Appendix III of the Rule Book of The Nigerian Stock Exchange, 2015 […]
By Financescape Total Nigeria plc has appointed Mrs. Lesley Baxter-GREEN as Director in the company. In a notice to the Nigeria Stock Exchange and the general public, the company stated that the Board of directors has approved the appointment of Mrs. Lesley Baxter-GREEN effective from August 16, 2019. Mrs. Lesley Baxter-GREEN is […]
By Financescape Guaranty Trust Bank plc one of the leading Banks in Nigeria has released its Half-year financial account for the period ended June 30, 2019. According to the report, Revenue has dropped to N146.4 billion from N160 billion recorded in 2018. The Banks gross earnings drop to N221.9 billion in 2019 […]
By Financescape EQUITY Sentiments remained bearish in the NSE equities market, as the benchmark index went down by 1.40% WOW to close the week at 26,925.29. The All Share Index closed the week at 26,925.29 basis points, Year to date, the index is down by -14.33%. sell pressure persisted across all […]
By Hamisu B. s. MTN Communications plc has anounce the ritirement of some of the members of the Board of directors. In a notice send to the Nigeria Stock Exchange and the investing public, MTN stated Following the expiration of their tenure and in compliance with applicable codes of Corporate Governance the under listed […]
By Financescape Stanbic IBTC Holdings Plc pays the sum of N2.5 billion to Mr Patrick Akinkuotu and Longterm Global Capital Limited. In a Press Release signed by Chidi Okezie Company Secretary, Stanbic IBTC Holdings PLC on Friday, notified stakeholders that its wholly-owned subsidiary, Stanbic IBTC Bank has paid the judgment sum of N2.5bn to […]
By Hamisu B. S Flour mills of Nigeria Plc. is Nigeria’s leading integrated food and agro-allied group listed on the Nigeria Stock Exchange. Flour mills released the financial statement for the year ended March 31, 2019. Revenue has declined by 2.82% from N542 billion in the year ended March 2018 to N527 billion in […]
By Hamisu B. S On Monday, 1 July 2019 Nigeria Stock Exchange listed Fidson Healthcare Plc additional 586,360,250 ordinary shares on the Daily Official List. Fidson Healthcare offered of 750,000,000 ordinary shares of 50 kobos each at N4.00 per share on the basis of 1 new ordinary share for every 2 ordinary shares through […]
By Hamisu B. S July 2019 FGN Savings bond auction The Debt management office of Nigeria has released circular for the July 2019 FGN savings bond auction. DMO on behalf of Federal Government of Nigeria offer for subscription and is authorized to receive application for FGN savings bond. The bond is offered with interest rate […]
