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Business

Shareholders back Nigerian Breweries’ bid to raise N600bn

The shareholders’ associations in Nigeria have declared their support for plans by Nigerian Breweries Plc to raise N600 billion through Rights Issues. This followed...
Business

NGX: Oando leads gainers as shareholders make N260bn in five hours

Investors with Chams, Stanbic and IBTC pocketed N260 billion at the close of trading on Monday.This followed the growth in the market capitalization from...
Business

First Bank majority shareholders unite against Otudeko

In a bid to forestall the circumstances that led to Central Bank of Nigeria (CBN) clamping down on FBN Holdings in 2015 when Oba...
Business

Oba Otudeko’s Barbican Capital displaces Otedola as First Bank Holdings majority shareholder

Barbican Capital has acquired 4.77 billion shares of First Bank of Nigeria (FBN) Holdings.FBN Holdings confirmed the development in a notice sent to the...
Business

Shareholders lose N12.6bn amidst Otedola’s disinvestment in Transcorp

The billionaire businessman, Femi Otedola’s exit from Transnational Corporation (Transcorp) has resulted in a 9.93 percent drop in shareholders’ investment value.Ripples Nigeria had reported...
Business

UBA shareholders approve N1.10 per share dividend for 2022

Shareholders of United Bank for Africa (UBA) Plc have approved the Board of the bank’s proposal to pay a dividend of N1.10 per share...
Business

Dangote Cement shareholders to earn N340bn dividend on approval

Dangote Cement shareholders will be paid N340 billion in April 2023 as their dividends for investing in the company’s shares for the period of...

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