Expert calls for elimination of multiple tax audit system
The government has been urged to work out modalities to harmonise both federal and state government tax audit system, to eliminate multiplicity of processes.
Shareholder group criticises new recapitalisation directive
Shareholders under the aegis of the Independent Shareholders Association of Nigeria (ISAN) have condemned the new capital regime for insurance industry recently announced by the National Insurance Commission...
CHI offers shareholders N162.6 million dividend
Consolidated Hallmark Insurance Plc has declared N162.6 million, amounting to a dividend of two kobo per share for its 2018 operations.
Shareholders’ of Access Bank okay N14b dividend
Shareholders of Access Bank Plc have approved a total dividend of N14.46 billion, declared by the bank for the financial year ended December 31, 2018, at the bank’s 30th yearly general meeting held in Lagos. The dividend translated to 25 kobo final dividend and 25 kobo interim dividend paid earlier in the year to its…
FMN shareholders approve merger of five subsidiaries
Shareholders of Flour Mills Plc (FMN), Wednesday, approved directors’ proposal to embark on a restructuring exercise that would enable it merge five of its subsidiaries with its holding company, under a Scheme of External Restructuring. The shareholders at a court-ordered meeting, in Lagos, also urged the board to ensure the exercise is done…
Shareholders threaten to sue NAICOM over recapitalisation
The Independent Shareholders Association of Nigeria (ISAN), has threatened to sue the National Insurance Commission (NAICOM), if it enforces the October 1st recapitalisation for industry operators.
Shareholders approve voluntary delisting of GNI
Shareholders of Great Nigeria Insurance Plc (GNI), unanimously approved the delisting all the ordinary issued shares of the company from the Daily Official List, as well as trading on the main board of the Nigerian Stock Exchange (NSE). Speaking at the company’s yearly general meeting in Lagos, a member of the Independent shareholders Association of…
Equity rises to N3.7b as Beta Glass’ turnover hits N22 billion
The shareholders of Beta Glass Plc are now reaping from their investments as their collective equity improved by N3.7 billion in 2017, the Chairman of the company, Abimbola Ogunbanjo, has revealed. Besides, the company recorded an increase in turnover from N19.09 billion to N22.186 billion representing 16.2 per cent, a growth that was mainly driven…
Strict regulatory enforcement can boost industry operations
Robust and solid measures taken by insurance regulators in the last couple of years may have strengthened the operational profile of the industry in Nigeria.
Nestle shareholders approve N7.9 billion total dividend
Shareholders Nestle Plc have approved the firm’s N7.9 billion total dividend, culminating to N10 per share due to every investor of the company for the 2016 financial year.