By Matthew Denis The Nigeria Deposit Insurance Commission has disclosed that it has commenced the payment of N46.6bn as first tranche of liquidation dividends to deposirors insured limit. This is contained in a statement signed by Hawwau Gambo, Acting Head…
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has said it would begin the payment of the first tranche of liquidation dividends to depositors of Heritage Bank from April. It would be recalled that Heritage Bank operating licence was…
Seplat Energy Plc has announced that an exchange rate of 1,681.42 NGN to 1 USD will be used to determine the Naira equivalent of its third-quarter 2024 interim dividend for shareholders opting to receive their payouts in the local currency.…
…Advises depositors on next step By Matthew Denis The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank, assuring it will pay depositors of the failed bank N5million insured deposits. Director of Communication & Public Affairs, Bashir…
Transcorp Power Plc has declared dividends of N23.46bn to its shareholders. Transcorp Power Plc held its 11th Annual General Meeting (AGM), the first since the Company went public, via a listing by introduction of its shares, on March 04, 2024.…
This payment was approved by the Bank’s shareholders at the 33rd Annual General Meeting (AGM) held at the Civic Centre, Victoria Island, Lagos, on Wednesday. The Shareholders approved the proposed final dividend payment of NGN3.50 per share, bringing the total…
The Securities and Exchange Commission (SEC) says it is intensifying efforts to reduce the level of unclaimed dividends in the nation’s capital market. A statement by the commission in Abuja on Thursday, said the effort which included investors’ interactions in…
By Matthew Denis The Managing Director and Chief Executive Officer of Nigeria Deposit Insurance Commission ( NDIC), Mr. Bello Hassan has disclosed that the Commission has increased debt recovery rate leading to declaration of 100 percent Liquidation dividends to depositors…
The Finance Act 2020 recently signed into law by President Muhammadu Buhari clearly provides that the federal government can borrow from the unclaimed dividends and dormant account balances under the Unclaimed Funds Trust Fund. The funds are made available as…
