Solid core earnings drive growth in profitability and returns.Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all its major indicators witnessing significant improvement. The…
Shareholders of Vitafoam Nigeria Plc have endorsed a N1.31 billion dividend payout for the 2024 financial year, reaffirming the company’s dedication to sustainable expansion. At the Annual General Meeting (AGM) held in Lagos, shareholders commended the firm’s consistent dividend history,…
Nigeria’s equities market on Monday defied analysts’ earlier expectation of negative outcome as investors buy interest in dividend paying stocks pushed the market higher by 0.19 percent or N107 billion. Stocks like Fidelity Bank, Ellah Lakes, and Livestock Feeds helped…
United Bank for Africa (UBA) Plc, Africa’s global bank, has announced a financial performance for the first half of 2024, reporting a 39.6 percent rise in gross earnings to N1.37 trillion. This growth is an increase from N981.77 billion recorded…
Conoil Plc has declared A profit after tax of N9.87 billion in 2023 financial year, about 99 percent growth from N4.96 billion declared in 2022. According to the company’s audited financial statement for 2023, the company posted a revenue of…
IAs evidence of resilience and continuous innovation despite the headwinds in the Nigerian economy, the total comprehensive income of Industrial & Medical Gases (IMG) Nigeria PLC., has jumped by 295 percent, from N215.967 million in 2019 to N852. 753 million…
Unilever Nigeria Plc and its shareholders have approved the dividend of 75 kobo per share, an increase from the 25 kobo declared in 2022. A statement by Unilever said during the Company’s 99th Annual General Meeting, which was held in…
Dangote Cement Plc has announced a final dividend of N30 per share for the period ended December 31, 2023. The dividend, which is subject to the appropriate withholding tax and approval, will be paid to shareholders of Dangote Cement Plc…
StanbicIBTC Nigeria has declared to pay its shareholders a final dividend of N2.20 per ordinary share of 50k each, totaling N28.51 billion for the period ended Dec. 31, 2023. Company Secretary, StanbicIBTC, Mr Chidi Okezie announced this in a disclosure…
The Nigeria Deposit Insurance Corporation (NDIC) has identified enhanced collaboration with the Judiciary as one of the factors responsible for the speedy resolution of dividend payments of closed banks by the Corporation. Speaking in Lagos at the NDIC Editors Forum…
