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    SHAREHOLDERS REACTIONS TO THE MERGER OF UNITY BANK PLC AND PROVIDUS BANK

    SHAREHOLDERS REACTIONS TO THE MERGER OF UNITY BANK PLC AND PROVIDUS BANK 1. Merger Approval: The Central Bank of Nigeria (CBN) has approved the merger of Unity Bank Plc and Providus Bank. This decision is in accordance with Section 42 (2) of the CBN Act, 2007. The CBN also announced a financial...
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    HIGHLIGHTS FROM FCMB GROUP'S 11th ANNUAL GENERAL MEETING

    HIGHLIGHTS FROM FCMB GROUP'S 11th ANNUAL GENERAL MEETING Key Announcements and Shareholder Sentiments: - Capital Raising Programme: FCMB Group Plc plans to raise N150bn in capital to support future growth. This move was approved at the 11th annual general meeting and met with optimism from...
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    AIRTEL AFRICA TO PAY N276 BILLION TOTAL DIVIDEND FOR 2023, CHOOSES N1,485.99 AS EXCHANGE RATE FOR FINAL DIVIDEND

    AIRTEL AFRICA TO PAY N276 BILLION TOTAL DIVIDEND FOR 2023, CHOOSES N1,485.99 AS EXCHANGE RATE FOR FINAL DIVIDEND Airtel Africa has set an exchange rate of N1,485.99/$ for its 2023 final dividend, which translates to approximately N53.05 per share and a 2% dividend yield. Despite a net loss of...
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    UNDERSTANDING THE MANDATORY TAKEOVER OF INTERNATIONAL ENERGY INSURANCE (IEI)

    UNDERSTANDING THE MANDATORY TAKEOVER OF INTERNATIONAL ENERGY INSURANCE (IEI) Good morning, everyone! Yesterday, there was an announcement of the manadatory takeover of International Energy Insurance by Norrenberger Advisory Partners Limited which has left many wondering the implication of this...
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    AIRTEL AFRICA BALANCES AT N8trn DESPITE UNUSUAL TRADE VOLUME

    AIRTEL AFRICA BALANCES AT N8trn DESPITE UNUSUAL TRADE VOLUME Despite substantial trades in its stock, Airtel Africa Plc’s market valuation remained steady. The share price stayed at N2,150, unchanged by the 1,128,570 shares traded on Tuesday. The local exchange valued Airtel Africa's 3.758...
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    SHAREHOLDERS BACK FIDELITY BANK ’s RECAPITALISATION PLAN

    SHAREHOLDERS BACK FIDELITY BANK ’s RECAPITALISATION PLAN Shareholders have expressed strong support for Fidelity Bank Plc's ongoing recapitalisation plan. During the bank's recent annual general meeting, shareholders committed to participating in any share offering by Fidelity Bank. Fidelity...
  7. Amazin Zion

    NGX Group Announces N299M Interim Dividend Payout With 25 kobo per Share

    The Nigerian Exchange Group Plc has proposed an interim dividend of N299 million after an emergency meeting with the Board of Directors. This dividend will be 25 kobo per share to shareholders for the first half (H1) of fiscal year 2023. This dividend, the first since the demutualization of the...
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