5th Annual General Meeting Of The Company Held At Transcorp Hilton Hotels Abuja On Friday1

Shareholders laud Transcorp Hotels for impressive performance, approves 15k per share as dividend

Abuja, Nigeria– The Shareholders of Africa’s leading hospitality brand, Transcorp Hotels Plc, have extolled the Company for its impressive financial results for the year ended December 31, 2018. The congratulatory remarks were made at the Company’s 5th Annual General Meeting, which took place at the Congress Hall of the iconic Transcorp Hilton, Abuja. Following the […]

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The logo of Oando oil company is pictured in Abuja, Nigeria October 18, 2017. REUTERS/Afolabi Sotunde

Shareholders laud Oando’s mgt on ₦8.5bn profit in first-half 2018

Shareholders have applauded the management of Oando for restoring market confidence in the company by maintaining a track record of growth over the last 18 months culminating in the achievement of ₦8.5 billion profitability in first half of 2018 (H1’18), the company’s 7th quarter consecutive profit. The shareholders spoke at the 41st Annual General Meeting, […]

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Shareholders’ protest over Audit Committee poll mar FCMB Holdings AGM

… Shareholders Approves 10 kobo dividend … Group improves 2018 Q1 earnings What was supposed to be a peaceful meeting of members of the First City Monument Bank Holdings (FCMB Holdings) Plc, at its 5th annual general meeting on Friday 27th April 2018, resulted in a chaotic atmosphere, forcing the meeting to end abruptly. The […]

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Access Bank shareholders applaud 65 Kobo dividend payment

-Bank’s balance sheet now ₦4 trillion Shareholders of Access Bank Plc on Wednesday commended the bank’s 65 kobo per share dividend payment for the year ended 2017 financial activities, even as they also commended the board on the ₦4 trillion mark achieved by the bank balance sheet. The shareholders noted that growth strategy instituted by […]

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Maikanti Baru

NETCO posts ₦5.1 billion profit for 2015, 2016 financial year

The National Engineering and Technical Company Limited (NETCO) has recorded a profit after tax of ₦5.1 billion for 2015 and 2016 financial years. The breakdown shows that ₦1.4 billion was recorded for 2015 while ₦3.7 billion was recorded for 2016. NETCO was established in 1989 to acquire engineering technology through direct involvement in all aspects […]

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NSE revenue drops 31 percent in 2016

The Nigerian Stock Exchange (NSE) has disclosed that its activities for the year ended December 31, 2016 reflected a 31 percent drop in revenue to ₦4.46 billion. This was disclosed to dealing members and financial journalist at the 56th, Annual General meeting in Lagos, by the President of the National Council of the NSE, Mr. […]

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Honeywell Flour Mills record profit before tax of ₦5.47bn

Honeywell Flour Mills Plc has reported a 291 per cent increase in profit before taxation, to ₦5.47 billion in 2017 from a loss position in 2016. This was contained in its audited financial results for the full year ended March 31, 2017. The company also recorded a significant 191 per cent increase in gross profit […]

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Sovereign Trust investment income hits ₦281 million in 2016

Sovereign Trust Insurance Plc posted a growth of 3.3 percent in its balance sheet size and 32 percent in its investment income respectively for the year ended December 2016. This was disclosed by the Chairman, Mr. Oluseun Ajayi at the company’s 22nd Annual General Meeting in Lagos. Addressing the shareholders during the meeting, Ajayi said, […]

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NSE set for big AGM as council’s president rounds off tenure

Indications have revealed that the Nigerian Stock Exchange’s may be up to a big 56th Annual General Meeting given that its current President of Council, Mr. Aigboje Aig-Imokhuede, will be rounding off his tenure. In the published notice of the AGM, the bourse listed under special business to elect nine members into the National Council. […]

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Hameed Ali Nigeria Customs Service, NCS

Over 95% importers do not obey importation laws

Nigeria Customs Service boss, yesterday, said that less than 5 per cent of importers obey the laws guiding importation of goods into the country, thereby creating problems for the organisation in the clearance. Speaking at an interactive event of the 45th Annual General Meeting (AGM) of the Manufacturers Association (MAN) in Lagos, the Controller General […]

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Sovereign Trust Insurance focuses on increasing share capital, aim ₦7.5 billion

Sovereign Trust Insurance Plc says its special business for the company’s 22nd Annual General Meeting slated for September 21, 2017, will focus on increasing the authorised share capital of the company from ₦5.5 billion to ₦7.5 billion. This, it noted, would happen by the creation of 4,000,000,000 ordinary shares of 50 kobo each ranking pari […]

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SEC clears Oando, approves slated AGM

The Securities and Exchange Commission has given approval to Oando Plc to conduct its Annual General Meeting hitherto slated for September 11, 2017. This came after the Special Task Team constituted by SEC to review petitions filed by Alhaji Dahiru Bara’u Mangal and Ansbury Inc against Oando, submitted an interim report, which cleared the oil […]

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