Investors Earn N733bn Dividends In Nine Months
Investors have received over N732 billion from dividend payout by 58 companies across 10 sectors listed on Nigerian Exchange Limited (NGX) in nine months.
A breakdown of the N732.91 billion dividend paid so far by listed firms on the...
IMF Advises Banks To Suspend Dividend Payment
The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends during the COVID-19 pandemic.
The IMF Managing Director, Kristalina Georgieva, made the call in an opinion article entitled ‘Halt bank dividends...
NEITI - $16.8b NLNG Dividends Not Remitted To Federation Account
The Nigeria Extractive Industries Transparency Initiative (NEITI) Executive Secretary, Dr. Waziri Adio, yesterday insisted that the Nigerian Liquified Natural Gas (NLNG’s) $16.8billion accruable dividend between 2000 to 2015 was not remitted to the Federation Account.
Describing...
Dividends: CBN Bars Banks With Huge Bad Loans From Paying
The Central Bank of Nigeria has stopped the payment of dividends to shareholders by Deposit Money Banks and discount houses with huge bad loans and low capital base.
This is due to the rising non-performing loans...
