Linkage Assurance Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).
See link to results.
Prestige Assurance Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).
The forecasts were made based on the following assumptions;
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The Chief Executive Officer of Union Bank of Nigeria, Emeka Okonkwo, has increased his stake in the bank by acquiring an additional 3,951,874 units of the bank’s shares, worth N20.6 million.
According to a notice signed by the Company’s Secretary/General Counsel, Sonuyiwa Sonubi, the transaction took place at the floor of the Nigerian Exchange Limited (NGX), in Lagos, Nigeria.
The breakdown of the transaction showed that the accomplished banker purchased the aforementioned additional units of shares (3,951,874) at a unit price of N5.21 per share, totalling N20, 589,263.54
Recall that Mr. Emeka Okonkwo was appointed Chief Executive Officer of Union Bank in December 2020, and resumed by April 2021. He joined Union Bank in 2013 as an Executive Director in charge of the Corporate Banking and Treasury business, a role he held until his appointment as M.D/CEO.
Mr Okonkwo had joined the league of Union Bank’s biggest shareholders in May 2021, after he acquired an additional 2.4 million units of shares worth N11.9 million, thereby raising his total holdings in the bank to 8,094,748 units, translating to about 0.03% of the total shareholdings.
The recent transaction will further increase his stakes to 12,046,622 units of shares, placing him as the second highest individual shareholder of the bank, just behind the former CEO, Emeka Emuwa, who owns 196,086,583 units of direct and 20,936551 units of indirect shares in the bank.
Union Bank closed trading for the week ended 10th of September, 2021 with a share price of N5.05 per share.
The Board of United Capital Plc (UCAP) has today announced the appointment of Ms Tokunbo Ajayi to the Board, as a Non-Executive Director, effective immediately.
This is according to a notice signed by the company’s secretary, Leo Okafor, and made available on the website of the Nigerian Exchange Limited (NGX).
Until her recent appointment, Ms Ajayi was the MD/CEO of United Capital Trustees Limited.
About Ms Tokunbo Ajayi
Tokunbo Ajayi is a financial industry expert with over three decades of experience specifically in the trusteeship space. She qualified as a Barrister and Solicitor of the Supreme Court of Nigeria in 1986 and obtained a Bachelor of Law degree from the University of Ife (now Obafemi Awolowo University), Ile Ife in 1985. She is also an Alumna of Philips Consulting, South Africa Senior Management Programme, and the Columbia Business High School High Impact Leadership Programme.
Ms. Ajayi is a member of various prestigious bodies, including; The Nigerian Bar Association, International Federation of Women Lawyers (FIDA) Nigeria, the Business Recovery & Insolvency Practitioners Association of Nigeria (BRIPAN), Institute of Directors (IoD) Nigeria, and the Nigerian Institute of Management and British Council.
In 2014, she was awarded the Business Excellence Award by the African Business Forum in the United Kingdom as well as the African Entrepreneurship Award in 2018 by the Voice Achievers Awards in the Netherlands.
United Capital Plc is a leading financial services group in Africa focused on leveraging technology to empower businesses, individuals, and governments. It offers wide range of financial services like Investment Banking, Asset Management, Trusteeship, Securities Trading, Wealth Management, and Consumer Finance.
Sunu Assurances Nigeria Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).
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TotalEnergies Marketing Nigeria Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).
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Custodian Investment Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).
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AIICO Insurance Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).
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Guaranty Trust Holding Company Plc (GTCO) has proposed an interim dividend of 30 kobo per 50 kobo ordinary share for the first half of the year ended 30 June, 2021.
The proposed dividend is subject to appropriate withholding tax, with a qualification date of September 27, 2021.
On Tuesday October 12, 2021, the dividend which amounts to N8.83 billion will be disbursed electronically to ordinary shareholders whose names appear on the Register of Members as at Monday, September 27, 2021, and who have completed the e-dividend registration and mandated their Registrar to pay their dividends directly into their bank accounts. Holders of GTCO’s GDR listed on the London Stock Exchange will also receive their dividend payment subsequently.
The bank’s registrar is Datamax Registrars Limited. The e-dividend mandate form can be downloaded or filled online on the registrar’s website HERE, or on GTCO’s website.
Garanty Trust Holding Company has 29,431,179,224 outstanding shares and a market capitalization of N797.58 billion as at the time of filing this report. The bank’s shares opened trading on 10th of September, 2021 at N27.10 per share.
In case you missed it: GTCO had earlier released its interim financial results for the half year period ended 30 June, 32021. Its profit after tax declined by 16% to N79.4 billion, just as Earnings per share printed N2.79 as against N3.32 recorded in corresponding period of last year.
Guaranty Trust Holding Company Plc (GTCO Plc) released its interim financial results for the half year period ended 30th of June, 2021.
See link to results.