Tag Archives: dividends

The Securities and Exchange Commission has urged all stakeholders in the capital market to continue to work towards reducing the volume of unclaimed dividends and reiterated that stiff penalties will be meted out to any stakeholder whose action appears to frustrate the efforts of the Commission on this objective. This was disclosed by Alhaji Lamido Yuguda, the Director-General, at a ...

Zenith Bank has announced gross earnings of N745.19 billion for the financial year ended December 31, 2017. Newsmen report that the figure represented a growth of 46.69 per cent over N507.99 billion posted in 2016. This is contained in the bank’s audited result released by the Nigerian Stock Exchange (NSE) in Lagos on Monday. The company also announced a final ...

The International Monetary Fund, on Wednesday, called on the Central Bank of Nigeria to contain rising banking risks, while also commending the regulator for its recent decision to stop weak banks from paying dividends to shareholders. Against the backdrop of huge non-performing loans, which have weakened the capital base and asset quality of the country’s Deposit Money Banks, it also ...

Some capital market operators on Monday expressed optimism that the 2017 earnings anticipated by investors this week would boost activities on the Nigerian Stock Exchange (NSE). They told the News Agency of Nigeria (NAN) in Lagos that the market would close upbeat as more companies would declare positive results.  Garba Kurfi, the Managing Director, APT Securities and Funds Ltd, Lagos ...

The SBG Securities (Pty) Limited of South Africa, a wholly owned subsidiary of the Standard Bank Group, has projected that about nine commercial banks in Nigeria would be able to pay dividends this year, despite the adjustment to the dividend payout policy issued by the Central Bank of Nigeria (CBN) recently. The banks, according to a report by the research ...

To make the nation’s foreign exchange (forex) market attractive for foreign direct investments (FDIs) in 2018, the Central Bank of Nigeria (CBN) must do all within its powers to ensure rates’ harmonisation. This will mean closing the huge gap between the official exchange rate of N306/$ and the parallel market rate of N360/$, as it is a disincentive to genuine ...