Court declares suspension of Oando’s AGM unconstitutional
Justice O. A Musa of High Court, Federal Capital Territory (FCT), has declared as unconstitutional the suspension of the Annual General Meeting of Oando Plc by Security and Exchange Commission (SEC) since 2019.
Shareholders caution FG against borrowing unclaimed dividend
Divergent views have continued to trail the Federal Government’s moves to borrow N895 billion from unclaimed dividends and dormant account balances, as shareholders insisted that the decision is a disincentive to investment.
Amid reforms, concerns mount over migration, low patronage of foreigners
For a long time, the equities sector of the Nigerian capital market was driven by huge patronage from foreign investors.
Investors seek all-inclusive approach to rising unclaimed dividend
Capital market investors have stressed the need for the Securities and Exchange Commission (SEC), to adopt an all-inclusive approach to tackle rising unclaimed dividend to achieve the desired result.
Airtel Africa to list shares on nation’s bourse Tuesday
Finally, the Nigerian Stock Exchange (NSE) has announced plans by Airtel Africa to list its 3,758,151,504 ordinary shares on the nation’s bourse Tuesday, July 9, 2019.
Strategic investor takes controlling stake in Wema Bank
Strong indications emerged yesterday that a strategic investor assumed to be Adebutu Kensington, is taking controlling stake of Wema Bank Plc...
Shareholders fume over huge fines on banks in 2018
Shareholders have bemoaned the huge fines slammed on Nigerian banks by the regulatory authorities as penalty for various contraventions during the 2018 financial year.