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Page 2 - ப்ரோக்ரெஸிவ் பங்குதாரர்கள் சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shareholders Hail Sterling Bank

Shareholders of Sterling Bank Plc have commended the board and management of the bank for the display of resilience, improved financial performance and returns on investment in 2020 despite the adverse impact of the Covid-19 pandemic on the global and local economic environment. They 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. The shareholders gave the commendation and approved recommendations at the 59th Annual General Meeting (AGM) of the bank held by proxy in Lagos, yesterday, and streamed live across digital platforms.

Shareholders task CBN on insider-related credit policies

Shareholders task CBN on insider-related credit policies On CBN Shareholders of First Bank of Nigeria Ltd. have tasked the Central Bank of Nigeria (CBN) on policies that would guard against insider-related borrowings by bank directors in the industry. They disclosed this in an interview with  Newsmenon Friday in Lagos, while reacting to the apex bank’s action on FirstBank. Dr Farouk Umar, President, Association for the Advancement of the Rights of Nigeria Shareholders said that 90 per cent cause of bank failure was due to non-performing loans related to insider credit. Umar said the apex bank should come up with policies that would prevent directors from borrowing from the banks they acted as directors in order to protect shareholders and depositors.

FCMB Shareholders Approve N2 97bn Dividend

Shareholders of FCMB Group Plc have restated their confidence in the financial institution to sustain its impressive performance and deliver more value. The shareholders gave the commendation at the eight Annual General Meeting (AGM) of the Group held Wednesday, in Lagos. They also unanimously approved the payment of a dividend of N2.97 billion, translating to 15 kobo per ordinary share for the year ended December 31, 2020, as against 14 kobo per share the previous year. The AGM was held virtually due the prevailing COVID-19 pandemic and streamed live to shareholders of the financial institution. The FCMB Group is a holding company divided along three business groups: commercial and retail banking (First City Monument Bank Limited, Credit Direct Limited, FCMB (UK) Limited and FCMB Microfinance Bank Limited); Corporate & Investment Banking (The Corporate Banking Division of the Bank, FCMB Capital Markets Limited and CSL Stockbrokers Limited) and Investment Management (FCMB Pension

Heavy sell-off in Guinness shares leads to N6 9 billion market value loss in a single day

Heavy sell-off in Guinness shares leads to N6 9 billion market value loss in a single day
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