25 results
- 31 May 2010
Nimasa, Isan Sign MoU on Cabotage Enforcement
Nigerian Maritime Administration and Safety Agency (Nimasa) and Indigenous Ship-owners Association of Nigeria (Isan), have signed a memorandum of understanding to work together to check the…
- 23 Dec 2020
ISAN Kicks against Unclaimed Dividend Trust Tund
Shareholders have said that the creation of unclaimed Dividend Trust Fund and transfer of the unclaimed dividends into the Federation Account will encourage corruption and nepotism to the detriment…
- 29 Jun 2025
Shareholders Oppose Transfer of Unclaimed Dividend to CBN
Shareholders have condemned the recent decision by the National Assembly to pass legislation requiring the transfer of all unclaimed dividends from company registrars to accounts managed by the…
- 5 Dec 2013
Foreign Investment in Capital Market Hits $15Bn
Dr Doyin Salami, an Economist with the Lagos Business School, has said that the foreign portfolio investment in the nation’s capital market has reached 15 billion dollars (N2.36 trillion) in 2013.…
- 2 May 2014
Sterling Bank to Raise Share Capital to N16Bn
Sharaholders of Sterling Bank Plc, has approved the bank’s plans to raise new capital through a private placement. The private placement, when concluded, will shore up Sterling Bank’s share capital…
- 11 Jun 2013
Shareholders Commend UBA Management for 2012 Financial Performance
Shareholders of United Bank for Africa (UBA) Plc have commended the board and management for the Bank's sterling performance and dividend payment to investors during the financial year ended December…
- 17 Mar 2013
Nestle’s Profit, Dividend Buoy Investors Confidence @ NSE
Nestle Nigeria Plc, leading nutrition health and wellness Company has declared a profit after tax of N21.14billion for the financial year ended December 30, 2012 and the directors of the company are…
- 18 Aug 2013
First Bank Deploys Solution to Check N60Bn Unclaimed Dividends
First Registrars Nigeria Limited has unveiled a new technology, First Dividend Plus Prepaid Card & e-voting system that would help alleviate the problems investors go through in the market, as…
- 10 Sept 2013
Indigenous Ship Companies Indebted to Banks
Over 80% ship owners in Nigeria have closed shop, while selling their assets to service bank loans, according to report by Ships & Ports Daily. It was revealed that the indigenous shipping…
- 28 May 2024
FCMB Shareholders Approve ₦150 billion capital Raise to Drive Future Growth Plans
FCMB Group Plc's shareholders, at the company's 11th Annual General Meeting (AGM), approved an increase in issued share capital from ₦9,901,355,390.50 to ₦19,802,710,781.00 and authorised a ₦150…
- 26 Jul 2010
Cabotage Law: Which Way Forward
It is lamentable that in the almost seven years of the cabotage law in Nigeria, the nation and indigenous ship owners are still deprived of the needed revenue from haulage of petroleum products which…
- 22 Oct 2014
Sub Saharan African Equity Issuance Triples to $ 6.4Bn
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has released the quarterly investment banking analysis for the Sub Saharan Africa region and…
- 29 Dec 2014
Alakija’s Fortunes Hit $7.3Bn, Topples Oprah as Richest Black Woman
Folorunsho Alakija, Nigerian billionaire, has edged past Oprah Winfery as world’s richest black woman, with a fortune of $7.3billion, despite falling oil prices. On the other hand, Oprah Winfrey is…
- 24 May 2015
CBN Grants Kakawa Discount House Merchant Banking licence
Central Bank of Nigeria (CBN) has approved a merchant banking licence for First Bank Nigeria Holdings Plc, through its subsidiary, the Kakawa Discount House Ltd. Mr. Bello Maccido, FBN Holdings group…
- 11 Apr 2016
UBA Holds AGM as Shareholders Applaud Performance
On Friday April 8, during the bank’s Annual General Meeting (AGM) which was held at the Eko Atlantic Hotel, Lagos, the shareholders of UBA applauded the UBA for its strong financial performance in…
- 20 Feb 2018
MTN Targets $1Bn from Nigeria, Ghana Listing
MTN could raise a total of US$1bn when it lists on both the Nigeria and Ghana stock exchanges later this year. According to Kofi Yamoah, CEO, Ghana Stock Exchange (GSE) MTN Ghana will officially…
- 5 Mar 2019
Access Bank, Diamond Bank Shareholders Approve Merger
Shareholders of Access Bank Plc and Diamond Bank Plc on Tuesday unanimously approved the merger of both financial institutions aimed at creating a formidable force. The shareholders gave the approval…
- 21 May 2020
Sterling Bank Grows Shareholders’ Fund by 22.3%
Shareholders of Sterling Bank Plc have commended its financial performance and dividend payout for the financial year ended December 31, 2019 as the bank’s shareholders’ fund grew by 22.3 percent to…
- 26 Jul 2010
Ship Owners Besiege Fidelity, ETB, Skye Banks for CVFF
Indigenous ship owners have besieged Fidelity, Skye, Diamond and Equitorial Trust Banks for parts of the $55 million Cabotage Vessel Financing Fund (CVFF) in effort to shore up their capacity,…
- 7 Jan 2021
Angst as FG Goes After N895Bn Unclaimed Dividends, Dormant Accounts’ Balances
The federal government has perfected ways to borrow funds from unclaimed dividends and dormant bank account balances unattended to for at least six years, thanks to the 2020 Finance Act, despite…
- 24 May 2023
Shareholders Applaud Fidelity Bank for Exceptional Performance in 2022 FY
Shareholders of leading financial institution, Fidelity Bank Plc, have commended the board and management of the bank for delivering an exceptional performance in FY 2022. This was made known at the…
- 31 Jul 2023
Fidelity Bank Stock Upgrade Excites Investors
According to The Will newspaper, investors have commended the recent reclassification of Fidelity Bank Plc stock from small price stock to medium price stock. Mrs. Nneka Onyeali-Ikpe, MD/CEO,…
- 25 Apr 2024
Shareholders Approve $1.5bn Capital Raising for Access Holdings
The shareholders of Access Holdings Plc have unanimously approved the company’s proposed capital raising of $1.5 billion through a bond or share sale and a further N365 billion via a Rights Issue to…
- 17 Mar 2012
Onitsha Port Due for Commissioning- Umar
Federal Government has said the Onitsha port would be ready for operation in the second quarter of the year to ease transportation stress and reduce the sufferings of importers in the South-east zone…
- 23 Nov 2012
Stakeholders Hails Zenith Bank’s Listing on LSE, Toasts Achievements
Shareholders of Zenith Bank Plc have endorsed plans by the financial powerhouse to list on the London Stock Exchange (LSE) just as capital market operators said the move is a blessing to Nigeria…