By Kayode Tokede The shareholders of Chemical and Allied Products Plc and Portland Paints and Products Plc held separate court ordered meetings to approve their merger. The shareholders of Chemical and Allied Products Plc held their meeting in Lagos at…
By Kayode Tokede The Board of Directors of United Capital Plc, Nigeria’s financial and investment services powerhouse, has announced the payment of a total N4.2 billion as dividend to shareholders for 2020. The resolution was made at the Board meeting…
By Kayode Tokede Jaiz Bank Plc and Dangote Cement Plc have announced closed period for financial statement ended December 31, 2020 result and accounts. The Company secretary/legal adviser, Jaiz Bank Mrs Rukayat Dahiru in a statement on Thursday to the…
By Kayode Tokede Bearish sentiments persisted on the Nigerian Stock Exchange (NSE) on Thursday following sell pressure on MTN Nigeria Plc, Guaranty Trust Bank Plc and Zenith Bank Plc shares. Consequently, the market capitalisation which opened at N21.169 trillion lost…
By Kayode Tokede Transaction on the Nigerian Stock Exchange (NSE) equities market segment on Wednesday closed on a negative note to extend prior day bearish sentiment as the market indices fell by 0.07 per cent on the back of profit…
By Kayode Tokede Fidelity Bank Plc, a Nigeria’s leading bank has announced the result of the offer for subscription of its N41.213 billion 8.5% fixed rate unsecured subordinated bonds due 2031, saying it was 100% subscribed. The notification at the…
The Federal High Court sitting in Abuja has adjourned to April 15, 2021 the case between the Federal Government of Nigeria and Dantata Success and Profitable Company and four others. The company and its promoters were last year charged before…
By Kayode Tokede SCOA Nigeria Plc has released its unaudited statement of comprehensive income for the period January to December 31st, 2020 with 90.04 per cent drop in profit after tax to N31.78 million from N319.18 million in 2019. The…
By Kayode Tokede Trading on the Nigerian Stock Exchange (NSE)returned to the negative territory on Tuesday with the market indicators dropping by N40.47billion, amid profit taking in Stanbic IBTC and Nigerian Breweries. Specifically, the market capitalisation which opened at N21.224…
By Kayode Tokede The Board of Directors of AXA Mansard Insurance Plc, a major insurance firm, has approved an accelerated exercise of the company’s Options Scheme that was granted to eligible staff along with the accrued bonus in 2015 and…
