Tag Archives: shareholders

Non-operating holding company to hold shares of Sterling Bank

Shareholders of Sterling Bank Plc unanimously voted in favour of the creation of a new non-operating holding company to hold the shares in its commercial banking operation. The vote also included the shares of a newly incorporated subsidiary, The Alternative Bank Limited, which will operate as a Non-Interest Banking business. A statement from the bank said at the end of ...

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Jaiz Bank approves payment of N1.38bn for its shareholders

Shareholders of Jaiz Bank Plc have unanimously approved a total dividend payout of N1.38bn for the year ended 2021, representing 4 kobo per ordinary share of 50 kobo each. The approval was given by the shareholders at the 10th Annual General Meeting (AGM) of the Bank, on Tuesday, in Abuja. This is the third year the Bank is paying dividends ...

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Zenith Bank to give N97.33 billion dividends for shareholders

Shareholders of Zenith Bank Plc have approved N97.33 billion final dividend for the financial year ended December 31, 2021. During the 31st Annual General Meeting (AGM) of the bank held yesterday in Lagos, the shareholders unanimously approved the proposed final dividend, and were excited at the final dividend payment of N2.80 per share. This brought the total dividend for the ...

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African Alliance Plc pays ₦475 million claims to shareholders

The Managing Director, African Alliance Insurance Plc, Joyce Ojemudia has said that there is a need for insurance operators to pay promptly. According to her, this will make the industry contribute significantly to Nigeria’s Gross Domestic Product (GDP). She noted that the company had paid ₦475 million claims to policyholders this month, ahead of yuletide. She noted that the company ...

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Nestle Nigeria Plc approves dividend of N28.14bn for shareholders

A dividend of N28.14bn or N35.47 per ordinary share has been approved by theshareholders of Nestle Nigeria Plc It was approved after it was proposed by its board of directors for the financial year 2020. The company announced during its annual general meeting on Tuesday that its profit after tax for 2020 dropped by 14.16 per cent to N39.21bn. It ...

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VFD Group increases dividends for shareholders

VFD Group has disclosed that it has paid a dividend of N8.51 to it’s numerous shareholders up from N3.30 declared in 2019. The firm management made this disclosure during its 5th Annual General Meeting held  at the Radisson Blu Hotel, Lagos. Speaking, the Chairman, VFD Group, Olatunde Busari, SAN, said that VFD Group expanded its business coast despite the effect ...

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Nigerian Breweries management approves N7.52bn for shareholders

Shareholders of Nigerian Breweries Plc, Nig has approved the dividend payout of N7.52 billion for the 2020 financial year. The shareholders gave this approval at the 75th Annual General Meeting of the company held at MUSON Centre in Lagos recently. The company assured the shareholders of its commitment to mprove the return on their investments. The Shareholders saud that the ...

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Financial experts call on CBN to close exchange rate gap for more FDIs

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 ...

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