Shareholders of NASCON Allied Industries Plc have approved a total dividend of N1.06 billion declared by the company for the financial year ended Dec. 31, 2020.
By Goddy Egene
Shareholders have advised the Securities and Exchange Commission (SEC), the Nigerian Exchange Regulation Limited (NGX REGCO), and other regulators in the financial sector to strengthen their disclosure requirements for quoted companies.
The shareholders said this following recent revelation by the Central Bank of Nigeria (CBN) that First Bank Nigeria Limited, which is a subsidiary of FBN Holdings Plc, had been enjoying forbearance since 2016. And this forbearance was not disclosed in the audited financial statements submitted to the NGX REGCO.
Speaking to THISDAY, the National Coordinator, Pragmatic Shareholders Association of Nigeria (PSAN), Mrs. Bisi Bakare, said it was shocking to know that FBN Holdings, which is one of the leading firms listed on the stock exchange, had been submitting its annual reports without disclosing the forbearance it had been enjoying from CBN.
Fidelity Bank shareholders approve 22 Kobo dividend for 2020 - vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Fidelity Bank targets Tier 1 by 2025 â Onyeali-Ikpe
By Chinyere Joel-Nwokeoma
Lagos, April 30, 2021 The Managing Director of Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe, said that the top priority during her tenure would be to ensure the bankâs emergence as a Tier 1 financial institution by 2025.
Onyeali-Ikpe disclosed this on the sidelines of the bankâs 33rd Annual General Meeting (AGM) in Lagos on Friday.
She said that the bank was also targeting to achieve 7.5 per cent of the market share in total deposit by 2025.
Onyeali-Ikpe said that the bank would achieve the targets through digitisation of processes and innovation.
âWe will digitalise our processes; ensure that we have a strong staff welfare by taking care of our employees.
By Chinyere Joel-Nwokeoma Lagos, April 27, 2021 FBN Holdings Plc shareholders on Tuesday endorsed a total dividend of N16.15 billion declared for the financial year ended Dec. 31, 2020. The shareholders approved the dividend at the company’s ninth Annual General Meeting held by proxy and monitored live on YouTube by