DIRECTORS of Wapic Insurance Plc has approved a rights issue of  6.35 billion ordinary shares of the company’s stocks for its existing shareholders.

The offer, which opened on Monday, and valued at N3.51billion, according to the company...

CONSOLIDATED Discount Limited (CDL) has declared a total dividend payout of N2.1 billion to its shareholders in its financial year ended December31, 2012.  The decision was in line with the company’s promise to consistently compensate its...

TO sustain the bullish rally recorded in the market in the past few months, Association of  Avid shareholders (AAS) has urged the regulators authorities to ensure that the primary market segment is well regulated.

The President of the newly...

FOLLOWING its return to profitability last year, Union Bank of Nigeria Plc at the weekend expressed commitment to consolidate the growth, even as the bank’s capital adequacy ratio currently stood at 20 per cent, above 15 per cent regulatory...

THE Over-The-Counter (OTC) market for FGN bonds, last week recorded a turnover of 239.266 million units valued at N273.295 billion in 1,076 deals, in contrast to 157.881 million units worth N174.329 billion in 859 deals recorded during the week...

SHAREHOLDERS of Pharma-Deko Plc have given the company their unanimous approval to raise fresh funds from the capital market.

A statement by the company said that the approval was given at the company’s 43rd yearly general meeting.

According...

GlaxoSmithKline Consumer Nigeria Plc (GSK) has posted a turnover of N25.3 billion in its 2012 operations, against N21.5 billion in 2011.

The company’s profit after tax also increased to N2.82 billion, up from N2.29 billion in 2011.

Addressing...

DESPITE the tough and challenging operating environment that characterised 2012 financial year, Livestock Feeds Plc, a subsidiary of UAC of Nigeria Plc, achieved substantial growth in its business, reflecting a 50 per cent growth in its turnover...

SHAREHOLDERS of Cadbury Nigeria Plc have made a capital gain of 45 per cent following the consistent rise in the price of its stock at the nation’s capital market, due largely to the impressive financial results of the company.

Consequently...

EQUITY transactions on the Nigerian Stock Exchange continued on an upbeat  note yesterday, as more blue chip companies joined the league of gainers, causing market capitalisation to increase further by N211 billion.

Specifically, the value...

THE Nigerian Stock Exchange (NSE) has announced the appointment of Mr. Aigboje Aig-Imoukhuede, the out-going Group managing Director of Access Bank, as the first Vice President of the Council of The Nigerian Stock Exchange. The appointment was...

TO boost its services and operation, the Nigerian Police Force (NPF) Microfinance Bank last week met with its shareholders during which the former was tasked to ensure wider spread of the financial institution throughout the country.

The forum...

TO increase the level of performance in the stock market, there is a need to enhance the level of corporate governance, as well as strengthen the risk management framework in the market, an expert has said.

Besides, the supervision and regulation...

SHAREHOLDERS of FBN Holdings Company (Holdco) Plc, on Friday, endorsed the company’s N33billion dividend, culminating to N1.00 per share due to every shareholders of the company for the 2012 financial year.

The shareholders who spoke at the 1st...