Dangote’s Flour Mills Plc has finally paid a dividend of 20kobo to shareholders of the company two years after Africa’s richest man re-purchased the company from the Tiger Group of South Africa who bought the firm about 6 years ago from him. It would be recalled that the Tiger Group could not pay dividend for […]
Elumelu’s N500M Delta State Pledge ups his Planned investment on Nigerian entrepreneurs to N4.4 billion
Tony Elumelu Foundation (TEF) Founder and Chairman of United Bank for Africa (UBA), Tony O. Elumelu, has pledged N500 million to create an entrepreneurship programme exclusive to indigenes of Delta State. He made the commitment after presenting 50 beneficiaries of the TEF Entrepreneurship Programme to Governor Ifeanyi Okowa. “Your Excellency, on behalf of the Heirs […]
Registration opens for 2018 ASEA Annual Conference-NSE
The Nigerian Stock Exchange ( NSE) has announced that registration is now open for the 22nd Annual African Securities Exchange Association (ASEA) Conference to be held on November 26 and 27, 2018 at Oriental Hotel, Lagos, Nigeria. According to a release by the NSE “Attendees can register via the dedicated conference website, at www.asea-ngx2018.com. A […]
BOC Gases May Give Bonus Next Year-Chairman
The Chairman of BOC Gases,Abiodun Alabi has said that the company will look into the possibility of giving the shareholders a bonus next year,saying that issues with its book of accounts made it impracticable to give a bonus in the year in review . Alabi who disclosed this during the company’s annual general meeting(AGM)which held […]
Newrest ASL Shareholders Excited By 18k Dividend
Newrest ASL Shareholders expressed their excitement over the 18k dividend recommended by the board of the bank which they approved,saying that the payment was a good one given the situation of the economy back in 2017. Speaking at the annual general meeting which held at Radisson Blu Hotel,Ikeja,Lagos a shareholder,Jideuno Uche said the company has […]
Transcorp Appoints Owen Omogiafo as Executive Director
Transnational Corporation of Nigeria Plc (Transcorp), one of Nigeria’s leading conglomerates, has appointed Mrs. Owen Omogiafo as an Executive Director with effect from July 1, 2018. She will in her new role support in driving and delivering on Transcorp’s strategic ambitions as the conglomerate continues to fulfil its special mission of lighting homes, schools, and […]
BOC Gases will Hit N5Bn Revenue 2020-MD
The Managing Director of BOC Gases Plc,Mr Ayodeji Oseni has promised that his company will unfailingly hit N5billion revenue by year 2020 and has asked the brokerage firms on the Nigerian Stock Exchange(NSE) to adequately advise their clients as to the goodies BOC Gases is bringing to the table. Oseni who made the above revelation […]
Dangote Says Sales Volume is Better This Year,As Shareholders Approve N10.50k Dividend for 2017
The Chairman of Dangote Cement,Aliko Dangote has disclosed that the moderation of its sales volume in 2017 was as a result of the recession that did harvoc on the Nigerian economy,saying that the volume has since bounced back in the on-going year. This disclosure which he made at the company’s annual general meeting(AGM) which held […]
Stanbic IBTC Shareholders Commend the Group,Ask for more Dividend Next Year
It was commendation galour at Stanbic IBTC Plc annual general meeting(AGM)held at Eko Hotel,V.I. Lagos as shareholders of the company one after the other hailed the 2017 performance of its board and management,even as they asked for more dividend in the coming year. Speaking at the AGM a shareholder ,Mrs Bisi Bakare,President Pragmatic Shareholders of […]
The Nigeria Stockbrokers Agribusiness Group Says There’s Money in Agric
The Nigeria Stockbrokers Agribusiness Group marked the 2018 World Agriculture day, with a symposium on the theme “Tapping into investment opportunities in Agribusiness Value Chain” at the Nigeria stock exchange, Lagos. It brought together stakeholders in the agric, financial and capital market space in the country. In his opening remarks the Vice-Chairman of the Nigerian […]
Prestige Assurance MD Promises to Pay Dividend 2019
The Managing Director of Prestige Assurance Plc,Balla Swamy has promised the shareholders a good dividend next year,saying that it settled for a bonus in the current year in order to clean its books. He also promised that the company is set to meet a top line of N4.6billion by the end of this year and […]
NSIA’s Profit Drops by N107bn,As Pencom Begins Verification of Retirees
The Nigeria Sovereign Investment Authority, which is the agency managing the Sovereign Wealth Fund, has ruled out the possibility of paying dividend to the three tiers of government from its 2017 profit despite the fact that the fund has been profitable in the last five years. Even as the National Pension Commission(Pencom) has said it […]
Transcorp Appoints Chris Ezeafulukwe as Executive Director
Transnational Corporation of Nigeria Plc (Transcorp), one of Nigeria’s leading conglomerate,has appointed Mr. Christopher Ezeafulukwe as an Executive Director with effect from July 1, 2018. Mr. Ezeafulukwe, currently the Group General Counsel and Head, Business Development, will in his new role, focus and drive the development of new commercial interests as well as the optimisation […]
PSAN President Ask SEC to Make E-dividend Registration Open ended
The President of Pragmatic Shareholders Association Nigeria(PSAN),Mrs Bisi Bakari has appealed to Security and Exchange Commission(SEC) to make the e-dividend registration policy an open ended policy to allow more Nigerian shareholders key into it and reap the dividend of their investment. Mrs Bakare said this would be in the overall interest of investors in the […]
NSE Records 13,712% Increase in Profit
The Nigerian Stock Exchange (NSE)has declared a profit after tax of N3.8bn in 2017 as against N27.5Mn posted in 2016 representing a 13,712 per cent increase;inspite of being a non profit making organisation. This all came out during its 57th Annual General Meeting on Thursday, June 7, 2018 at the NSE Event Centre in Lagos, […]
NSE Celebrates World Environment Day, Creates Awareness On the Menace of Plastic Pollution
The Nigerian Stock Exchange (NSE), is pleased to announce that it held a clean-up programme to commemorate the 2018 World Environment Day, in collaboration with RecyclePoints and the Cleaner Lagos Initiative of the Lagos State Government, on Tuesday June 5, 2018. In line with the theme for this year’s celebration, “Beat Plastic Pollution”, NSE clean-up […]