Tantalizer Plc has announced its full-year results for the year ended 31st December 2020.
See link to results.
NASD Plc has announced the successful admission of the securities of the Nigerian Exchange Group Plc (NGX) for trading on its platform.
This is according to a verified Tweet by NASD Plc, seen by Nairametrics.
The admission is a sequel to the successful demutualization of the defunct Nigerian Stock Exchange (NSE) which gave birth to a new group- The Nigerian Exchange Group Plc (NGX) and three other subsidiaries.
Consequently, NGX shares will be available to be traded by participating institutions or authorized traders registered on the NASD platform from the 13th of April, 2021.
What you should know:
The recent admission is the first recorded cross-listing for securities exchange in Nigeria.
Lotus Capital Limited has declared its Q1, 2021 dividend distribution of N20/unit to unit holders in the Lotus Halal Fixed Income Fund whose names appear on the company’s register as at April 13, 2021.
According to a notification issued by the firm and seen by Nairametrics, the payment of the distribution will be made by the fund manager of the Lotus Halal Fixed Income on April 15, 2021.
It is pertinent to note that the firm had earlier paid its fixed income fund unit holders a dividend of N33 per unit for Q4, 2020 on 22nd of January, 2021. Sequel to this, the recent declaration of N20/ unit indicates a decline of about 39.4% QoQ.
What you should know:
For more information about the disclosure, click HERE
The Board of Friesland Campina Wamco Nigeria Plc has announced that it will host its Annual General Meeting (AGM) on the 6th of May, 2021.
According to a notice made available on the website of NASD Plc, the AGM will take place at Sheraton Lagos Hotels, Ikeja-Lagos by 11:00 am.
The AGM will among other things deliberate on a proposed dividend of N6.74k per share offered to shareholders. Details about the proposed dividend are succinctly captured below;
What you should know:
For more information about the AGM, click HERE
Ecobank Transnational Incorporated (ETI), parent company of Ecobank Group has announced the appointment of Akin Dada as Group Executive, Corporate and Investment Banking.
This is according to a press release made available on the Group’s website and seen by Nairametrics.
With the recent appointment, Mr Akin is set to take the helm of affairs from Amin Manekia (his predecessor) who retired in 2020.
Profile:
Akin is a banking expert with over three decades of experience in client coverage, strategic transaction initiation, and advisory dialogues. He joined Ecobank in 2017 as the Executive Director for Corporate Bank in Nigeria, after a long spell with Citigroup Cameroon where he spent twenty six years.
It is also pertinent to note that until his recent appointment, he was the Group Head, Corporate Banking for the Ecobank Group. He is an alumnus of the University of Ibadan and University of Warwick, UK where he obtained a B.Sc. degree in Political Science and an MBA respectively.
What they are saying: Commenting on his appointment, the CEO of Ecobank Group, Ade Adeyemi said: ‘’Akin’s valuable and varied experience over many years in corporate banking as well as his broader knowledge of banking, credit and risk management position him appropriately to lead our Corporate and Investment Bank. There are huge opportunities for the Ecobank Group with the implementation of the AfCFTA, which heralds burgeoning demand for trade finance, advisory services and cross-border payments.”
Details about the appointment is available HERE
The Board of Directors of Union Homes Real Estate Investment Trust Plc has proposed a final distribution of N1.86 for every unit held, amounting to a total of N465.03 million for the year ended 2020.
This is according to a disclosure made available on the website of the Nigerian Stock Exchange (NSE), as seen by Nairametrics.
According to the notice, the proposed dividend will be paid electronically to qualified unit holders on the 4th of May, 2021. Qualified shareholders are those, whose names appear in the Register of member as at the close of business on 14th of April, 2021. Other qualifying conditions are;
On the other hand, the firm disclosed that there is no proposed bonus for the aforementioned period.
What you should know:
For more information about the disclosure, click HERE
Guaranty Trust Bank Plc held its FY 2020 results presentation to investors and analysts. Below are the facts to the figures;
For more information about the investors’ presentation, click HERE.
The Management of Cornerstone Insurance Plc has notified stakeholders of its inability to meet up with the time frame earmarked for the submission of its Audited Financial Statements for the year ended December 31, 2020, as well as the Unaudited Financial Statements for the period ending March 31, 2021.
This is according to information available on the website of the Nigerian Stock Exchange, as seen by Nairametrics.
The company attributed the failure to file its audited accounts by the due date of 31st March, 2021 to the delay encountered in completing the actuarial valuation audit review. It also explained that due to this failure, it won’t be able to proceed with the submission of its unaudited financial statements for Q1 2021 within the regulatory date of 30th of April, 2021.
Sequel to this, the firm assured that its audited financial statements will be submitted to The Exchange subject to the finalization of its audit review and approval by its primary regulator- NAICOM.
For more information about the disclosure, click HERE.
Following an application to the Nigerian Stock Exchange (NSE) on the voluntary delisting of 11 Plc (formerly known as Mobil Oil Nigeria Plc), the NSE has approved the delisting application.
According to the NSE, the application was ratified subject to 11 Plc’s evidence of opening an escrow account in the registrar’s name and evidence that the shareholders who have accepted to exit have been paid.
The company had opened an escrow account with GTL Registrars and Data Solutions Limited and provided sufficient funds to shareholders, who as of March 15, 2021, have accepted the ‘Exit Consideration’ of N213.90 per share. The Exit Consideration is based on the highest price of N213.90 at which 11 Plc traded in the last 6 months preceding the date of the Annual General Meeting, where the decision to delist was passed in line with NSE guidelines.
The oil firm noted that the delisting process will enable it to strategize for better performance, minimize costs and stay competitive within the industry.
What you should know:
For more information about the disclosure, click HERE.
Berger Paints Nigeria Plc released its full-year results for the year ended 31st December, 2020.
See link to results.