MTN to boost stock market liquidity by N375bn The Punch
Published 6 July 2021
The move by the MTN Group to offer 14 per cent of its 78.8 per cent sshares in MTN Nigeria to Nigerians will boost its stock market liquidity by N375bn, analysis of data has shown.
The company recently said through its Group President and Chief Executive Officer, Ralph Mupita, that the group planned to sell14 per cent of MTN Nigeria to Nigerian investors.
Mupita had said, “MTN Nigeria, in which MTN Group has a 78.8 per cent stake, sought to have the largest retail shareholder base on the Nigerian Stock Exchange, where it has a market capitalisation of N3.4tn ($8.2bn).”
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Shareholders commend Sterling Bank’s performance
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By Peter Egwuatu
Shareholders of Sterling Bank Plc have commended the board and management of the bank for the improved financial performance despite the adverse impact of the Covid-19 pandemic.
The shareholders at the 2021 Annual General Meeting (AGM) of the bank held by proxy in Lagos and streamed live across digital platforms last week also approved resolutions for the declaration of a dividend of five kobo per share, the election of directors, remuneration of auditors, and the election of shareholders’ representatives on the statutory audit committee.
Commenting on the bank’s performance, Mr Matthew Akinlade, President of Nigeria Solidarity Shareholders Association (NSSA), noted the consistency in the bank’s earnings per share in the last five years.
Views: Visits 9 By Peter Egwuatu Shareholders of Sterling Bank Plc have commended the board and management of the bank for the improved financial performance despite the adverse impact of the Covid-19 pandemic. The shareholders at the 2021 Annual General Meeting (AGM) of the bank held by proxy in Lagos and streamed live across digital platforms last week also approved resolutions for the declaration of a dividend of five kobo per share, the election of directors, remuneration of auditors, and the election of shareholders’ representatives on the statutory audit committee. READ ALSOOke-Ogun Poly workers protest against casualisation Commenting on the bank’s performance, Mr Matthew Akinlade, President of Nigeria Solidarity Shareholders Association (NSSA), noted the consistency in the bank’s earnings per share in the last five years.
By Peter Egwuatu
Shareholders of Sterling Bank Plc have commended the board and management of the bank for the remarkable display of resilience, and improved financial performance despite the adverse impact of the Covid-19 pandemic on the global and local economic environment.
The shareholders at the 2021 Annual General Meeting (AGM) of the bank held by proxy in Lagos and streamed live across digital platforms also approved resolutions for the declaration of a dividend of five kobo per share, the election of directors, remuneration of auditors, and the election of shareholders’ representatives on the statutory audit committee.
Commenting on the bank’s performance, Mr Matthew Akinlade, President of Nigeria Solidarity Shareholders Association (NSSA), commended the bank for consistently improving on its earnings per share in the last five years.