You can add some category description here.
Fidelity Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).
See link to results.
Wema Bank Plc has released its full-year audited results for the period ended 31st of December, 2020.
See link to results.
The Board of LivingTrust Mortgage Bank Plc has proposed a final dividend of N50 million to its shareholders for the period ended 31st of December, 2020.
The company’s Board made this announcement in a notification published on the website of the Nigerian Exchange Group Plc (NGX), stating that a dividend of 1 kobo per share will be paid on all the issued 5,000,000,000 ordinary shares of the company.
Ceteris paribus, the dividends will be paid electronically to qualified shareholders on 14th of June, 2021. Qualified shareholders are those, whose names appear on the Register of Members as at close of business on 21st of May, 2021. Other qualifying conditions are;
What you should know:
Ecobank Transnational Incorporated released its unaudited results for the first quarter of the year (Q1, 2021).
See link to results.
LivingTrust Mortgage Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).
See link to results.
Stanbic IBTC Holdings Plc released its unaudited results for the first quarter of the year (Q1, 2021).
See link to results.
The Board of First City Monument Bank Plc (FCMB) has approved a disbursement of the total sum of N2.97 billion as dividend to its shareholders for the period ended 31st December, 2020.
The approval is part of the resolutions reached at the recently concluded 8th Annual General Meeting held by the company on the 21st of April, 2021.
Sequel to the unanimous decision reached at the meeting, a dividend payment of 15 kobo per share will be paid on all the issued 19,802,710,754 ordinary shares of the company. In this light, only qualified shareholders’ whose names appear in the Register of Members at the close of business on 8th of April, 2021 will be credited.
Other decisions reached at the AGM include;
What you should know:
The Board of Directors of VFD Group has announced that it will raise an additional capital of N9.01 billion through rights issue and private placement.
In a signing ceremony attended by Board members, the firm revealed that it will be raising the sum of N4.13 billion through rights issue to existing shareholders. To achieve this, the firm intends to issue a total of 7,452,054 ordinary shares of 50 kobo each at N556 per share on the basis of 1 new ordinary share for 16 ordinary shares held by existing shareholders.
On the other hand, the firm also announced that it will be raising the sum of N4.88 billion through private placement by issuing 7,985,090 ordinary shares of 50 kobo each at N612 per share to selected investors.
Cumulatively, a total sum of N9.01 billion will be raised from both actions, that is, Private placement and rights issue, strengthening the capacity of the Group to execute its key capital projects and further consolidate on its drive of being a pan-African institution.
Recall that VFD Group had earlier announced its intention to expand its operations to Ghana and other African countries, in a quest to be a pan-African financial powerhouse.
Guaranty Trust Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).
See link to results.
The Nigerian Exchange Group (NGX) has announced the successful listing of Fidelity Bank’s 10-year subordinated unsecured fixed rate series 1 bond worth N41.2 billion, on its platform.
This is according to a notification by the NGX Group which reads; ” This is to inform the General Public that Fidelity Bank Plc’s N41,213,000,000 10 year 8.5% Subordinated Unsecured Fixed Rate Series 1 Bonds due 2031, issued on January 7th, 2021 under Fidelity Bank’s N100,000,000,000 Debt Issuance Programme were listed on the Daily Official List of NGX on Tuesday, 20 April 2021.”
The successful issuance of the bond demonstrates strong investors confidence in the brand, and highlights the capability of the bank to expand its funding sources. In light of this, the proceeds from the bond issuance will be used to fund key activities which will ultimately translate in the development of the banking sector and the Nigerian economy at large.
What you should know:
For more information about the disclosure, click HERE.