LASACO Issues 40bn Fresh Capital, Seeks Shareholders Approval The Board of Directors of LASACO Assurance Plc is seeking the approval of shareholders to raise additional capital by issuing of 40 billion ordinary shares of 50 kobo each by way of public offering, private placement or...

Shareholders Demand Forensic Audit, Fault Oando Result   Shareholders under the aegis of Proactive Shareholders Association of Nigeria (PROSAN), at the weekend, faulted the 2017 full year result of Oando Plc, describing it as dismal and well below expectations. The group also decried the inability of the...

Dangote Cement Shareholders Okay N10.5 Dividend Payment Shareholders of Dangote Cement on Wednesday approved the dividend payout of N10.50 per 50 kobo share, representing 90 per cent of net profit and an increase of 23.5 per cent over the N8.5 per share paid last year. The...

Shareholders Endorse FBN Holdings N8.97billion Dividend   Shareholders of FBN Holdings Company (Holdco) Plc, has endorsed the bank’s N8.97billion total dividend, culminating to 25 kobo per share due to every investor of the bank for the 2017 financial year. The shareholders, who spoke at the 6th yearly...

Bond Issuance: Lafarge Africa Shareholders Approve N100bn   Shareholders of Lafarge Plc yesterday at the annual general meeting (AGM) in Lagos approved plans by the company to issue a N100 billion bond later in 2018. The proceeds of the bond would be used to refinance the company’s...

World Bank Group’s Shareholders Approves $13b For Subsidiaries     A fresh hope of more development financing for middle and lower income countries, including Nigeria, has been raised, as the World Bank Group’s shareholders overwhelmingly approved a new Paid-in Capital of $13 billion for its subsidiaries- International...