6.6 million Nigerians Become MTN Shareholders   MTN Nigeria Communication Plc has said it now has 6.6 million Nigerians as direct or indirect shareholders as it made N111.75bn from its share offer to Nigerians. The telecommunications company said this in a statement titled ‘Results of the series...

Shareholders Disagree With SEC Over N170bn Unclaimed Dividend       Shareholders of quoted companies in the country have disagreed with Securities and Exchange Commission (SEC) on the use of the reported N170billion unclaimed dividend in the Nigerian capital market. They expressed shock on N170billion reported by the Commission,...

Unclaimed Dividend: Shareholders Sue FG Over Plan To Borrow N158bn       Aggrieved by the plan of the Federal Government (FG) to borrow the over N158 billion outstanding unclaimed dividend, shareholders have sued the government at Federal High Court of Nigeria, Abeokuta Division, seeking to restrain the...

Finance Minister, Shareholders Disagree Over N150bn Unclaimed Dividends         The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, disagreed with the Independent Shareholders Association of Nigeria over plans by the Federal Government to take over unclaimed dividends worth over N150billion in the country. While...

Afreximbank Shareholders Invest $500m In New Equity   The African Export-Import Bank (Afreximbank) has announced that existing shareholders have invested $500 in new equity to strengthen it. A statement released by the bank yesterday indicated that the shareholders, including the Federal Republic of Nigeria and the Arab...

Shareholders’ Approve Lafarge's Proposal On N90bn Rights Issue Shareholders of Lafarge Africa Plc on Tuesday approved the proposal by the company to raise N90 billion via a Rights Issue and the restructuring of its outstanding short term $315 million shareholder loans. With its ambition to grow...