Tag: Shareholders
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BREAKING: UBA shareholders re-elect Tony Elumelu as Chairman
Shareholders of the United Bank for Africa (UBA) Plc have approved a final dividend of N3.00 per share for the 2024 financial year ended December 31. The final dividend and the N2.00 per share interim dividend paid in October 2024, brought the total dividend for the year to N5.00, amounting to a pay-out ratio of…
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Access Holdings to pay N1.80 as final dividend to shareholders
Access Holdings has revealed plans to pay a final dividend of N1.80 for every ordinary share of 50k to its shareholders for the 2023 financial year. The payment, slated for April 19, will be made electronically and is subject to appropriate withholding tax.
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Shareholders approve NOVA Merchant Bank’s conversion to commercial bank
NOVA Merchant Bank has gotten approval from its numerous shareholders to go fully into the commercial banking system in Nigeria. The approval was granted unanimously by the shareholders at the company’s 6th Annual General Meeting in Lagos on Wednesday, where they all agreed that the bank is well-positioned to sustain and build upon its growth…
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TotalEnergies records N16.8bn profit for 2021
TotalEnergies Marketing Nigeria Plc has recorded a profit after tax of N16.8 billion for the year ended Dec. 31, 2021. The amount is 712 percent higher when compared with N2.06 billion recorded by the company in the comparative period of 2020.
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Shareholders task CBN on insider-related credit policies
Shareholders of First Bank of Nigeria Ltd. have tasked the Central Bank of Nigeria (CBN) on policies that would guard against insider-related borrowings by bank directors in the industry. They disclosed this in an interview on Friday in Lagos, while reacting to the apex bank’s action on FirstBank. Dr Farouk Umar, President, Association for the…
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UBA assures shareholders better times as assets hit N7.7trn
United Bank for Africa (UBA) Plc on Thursday assured its shareholders and investors of enhanced returns on investments in the coming months. This, the bank said, followed its establishment of a diversified business model that would ensure impressive performance. The Chairman, UBA Group, Mr Tony Elumelu, gave the assurance at the bank’s 59th Annual General…
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United Capital holds 2021 AGM; shareholders to receive N4.2bn divided payout
Following the release of its remarkable audited financial results for 2020, foremost Pan-African financial services conglomerate, United Capital Plc, held its Annual General Meeting on Tuesday, March 23, 2021 at Lagoon Restaurant, Victoria Island, Lagos. At the Annual General Meeting, which was held by proxy due to the COVID-19 pandemic, the Company presented its…
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Shareholders approve Transcorp Hotels N10bn Rights Issue
Shareholders of Transcorp Hotels Plc, owners of the iconic Transcorp Hilton Abuja and Transcorp Hotels Calabar, have unanimously authorised the board of directors to raise N10 billion through a rights issue for a fortified balance sheet. The company announced that the approval was given at the Extraordinary General Meeting of the company, which took place…
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UBA Delivers Impressive Returns on Investment as Shareholders Applaud Bank’s Support in Fight against COVID-19
Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one year history. The meeting, which had in attendance shareholders, management and staff members, together with representatives of relevant regulatory bodies, was held using an Online Meetings…
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UBA shareholders ratify N34.19bn dividend for 2019
The United Bank for Africa (UBA) Plc shareholders, on Wednesday, commended the bank for declaring a dividend of N34.19 billion for the financial year ended Dec. 31, 2019. The shareholders gave their commendation at the bank’s 58th and first virtual Annual General Meeting (AGM) monitored by the News Agency of Nigeria (NAN) on YouTube in…