Tag Archives: plc

Major shareholders’ groups have condemned alleged attempts to weaken Nigeria’s oldest financial services group, FBN Holdings.   (FBNH) Plc. Shareholders under the auspices of the Trusted Shareholders Association of Nigeria (TSAN) alleged that renowned businessman, Oba Otudeko, was the one behind a court order that allegedly stopped FBN Holdings from holding its annual general meeting (AGM) scheduled for tomorrow. Speaking to ...

Sterling Bank Plc has emerged the overall best in the 2022 Nigerian Banking Sector Survey conducted by Afrinvest (West Africa) Limited, a financial service holding company with focus on West Africa. This recognition comes on the heels of the bank’s recent victory at the Nigerian Fintech Awards in which the bank’s Chief Executive Officer, Abubakar Suleiman, received the Special Leadership ...

The House of Representatives has ordered the Central Bank of Nigeria (CBN) to suspend the sale of Polaris Bank Plc. The House gave the directive on Wednesday during plenary after adopting a motion of urgent public importance by Rep. Henry Nwauba (APGA-Imo). According to the house, the suspension will subsist until the Central Bank of Nigeria (CBN), the Nigeria Deposit ...

At the end of Tuesday’s trading session, Lafarge (Wapco) Plc share price depreciated by 2.55% to close at N26.80 per share, taking the market capitalization from N442.96 billion to N431.69 billion. The cement producer recorded a loss in share price which can be attributed to investors’ negative sentiment which triggered sell-pressures in the shares of the company supporting a loss ...

United Capital Plc recorded impressive growth in the bottomline in the first half with pre-tax profit rising by 65 per cent. Key extracts of the interim report and accounts for the first half ended June 30, 2021 showed gross earnings of N6.85 billion while profit before tax rose to N3.74 billion. Earnings per share stood at N1.05 cent. Group Chief ...

The Board of UAC of Nigeria Plc has approved the disbursement of total dividends worth N3.46 billion representing N1.20 per share for the 2020 financial year. The decision is part of the resolutions reached at the recently concluded Annual General Meeting of the company, held at Marina, Lagos on 30th of June, 2021. The breakdown of the total dividend of ...

The management of Unilever Nigeria Plc has assured shareholders of its commitment to good corporate governance to drive sustainability and efficiency across the company’s operations. Addressing shareholders at the 96th Annual General Meeting (AGM), Chairman, Unilever Nigeria Plc, HRM, Nnaemeka Achebe said the company recorded a turnover of N62 billion for the year ended December 31, 2020. He commended the ...

Cadbury Nigeria Plc has declared a 73.5% year-to-year fall in earnings before tax to N408.1 million for the 2020 financial year. The declaration was made recently through the Nigeria Stock Exchange. Furthermore, the firm also said it gave out a dividend of 18 kobo; lower than the 49 kobo total dividend announced in 2019. The statement of account also showed ...