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H1’2019: GTBank increases PBT by 5.6% •Proposes 30 kobo interim dividend
Guaranty Trust Bank Plc’s (GTBank) half year result has shown positive growth across key financial metrics and reflects its leading position as one of the best managed financial institutions in Africa, the company said.In its audited…
Equities market ASI shed 2.41% WoW, despite Airtel listing
Listing of Airtel Africa Plc’s shares on the Nigerian Stock Exchange (NSE) failed to buoyed investor’s confidence as the All-Share Index (ASI) depreciated by 2.41 per cent at 28,566.79 by the end of seven-day trading activities on the…
FMN Plc increases dividend payout by 20% to N1.20k/share
The board of Flour Mills Nigeria Plc is proposing the payment of N1.20k per share as dividend for the financial year ended 2018, indicating a 20 per cent increase from last fiscal year.According to the company report to the Nigerian…
Ecobank to repay $250m Eurobond 2 years ahead
Ecobank Nigeria has said that it planned to repay its $250 million outstanding Eurobond two years ahead of its maturity date.The bond which was issued in August 2014 with 8.75 per cent rate to one of the bank’s largest subsidiaries; EBN…
LASACO proposes 5 Kobo dividend to its shareholders
The Board of Directors of LASACO Assurance Plc has proposed to pay its shareholders a dividend of five per share for full-year 2018.The payment is subjected to shareholders’ approval in the company’s Annual General Meeting (AGM) to be…
Airtel receives N50bn loan ahead July 4 listing
A number of Nigerian banks have offered credit facility worth N50 billion to Airtel Nigeria, a telecom company, which plans to list its shares on both the London Stock Exchange (LSE) and the Nigerian Stock Exchange (NSE) on July 4, 2019.…
MTN Nigeria rated +Aa as stocks defy $2bn tax case
AN ‘Aa+’ rating has been assigned to MTN Nigeria Communications Plc by Nigeria’s first credit rating agency and a pan African leader in credit reports, Agusto& Co. limited, whose strong credibility presence and ratings are globally…
Total Nigeria assures shareholders of improved returns in 2019
CHAIRMAN, Total Nigeria Plc, Stanislas Mittelman, has assured the shareholders of the company of the board’s commitments towards enduring steady and consistent returns for their investments.Mittelman shared his optimism at the company’s…
Shareholders commend Stanbic IBTC’s performance, dividend payment
Shareholders of Stanbic IBTC Holdings Plc, a member of Standard Bank Group, have commended the financial institution for its outstanding financial performance for the 2018 financial year.The company was also commended for its dividend…
Cadbury Nigeria shareholders applaud dividend increase to N471m
Shareholders of Cadbury Nigeria Plc have applauded the board of the company for increasing its dividend payment from 16 kobo in 2017, to 25 kobo per share in 2018, amounting to N471 million.At the 54th Annual General Meeting (AGM) of…