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DIVIDENDS DECLARED IN 2021 IN NIGERIA Dividends declared by companies in Nigerian for the financial year ended 31 December 2020. Investors King has compiled all the dividends for easy and convenient access. MTN NIGERIA COMMUNICATIONS PLC DIVIDEND Closure of Register Year Ended 31 December 2020 Proposed Dividend: ₦5.90 Proposed Bonus: null FOR null Qualification Date: 5/4/2021 AGM Date: 5/25/2021 DIVIDENDS DECLARED BY COMPANIES ON THE NIGERIAN STOCK Here is a complete list of all the dividends declared last week on the Nigerian Stock Exchange (NSE). The names of listed companies, proposed dividends, qualification dates, payment dates and closure of Register dates. MCNICHOLS CONSOLIDATED PLC Closure of Register: Year Ended 31 December 2020 Proposed Dividend: ₦0.03 Proposed Bonus: – Qualification Date: 6/30/2021 AGM RESTRUCTURE NIGERIA BEFORE 2023 POLLS, AFENIFERE TELLS Restructure Nigeria Before 2023 Polls, Afenifere Tells Buhari. The pan-Yoruba socio-political organisation, Afenifere, on Friday, called on President Muhammadu Buhari to bury the idea of holding elections before restructuring the country. The Afenifere leader, Chief Ayo Adebanjo, who made the call at the group’s meeting held at his Ogbo TESLA TO ANNOUNCE DOGECOIN AS BITCOIN REPLACEMENT Following the decision to stop accepting Bitcoin for vehicle payment, Tesla Inc. may announce Dogecoin as a replacement for Bitcoin. On Wednesday, Elon Musk, the Chief Executive Officer, Tesla Inc, said the company is looking at cryptocurrencies that use less than 1 percent of Bitcoin’s energy for transactions. This was two days after Musk, in RIPPLE SEES ANOTHER VICTORY AS COURT ORDERS SEC TO GIVE Ripple scores another in legal wrangling over SEC lawsuit as SEC now must disclose its confidential internal communications over XRP, Bitcoin and Ethereum. The SEC must produce communications with third parties, including external agencies and market participants, subject to a privilege assertion, according to Netburn’s five-paragraphruling.
GTBANK INTERNATIONAL SPENDING LIMIT REMAINS $100 PER MONTH Guaranty Trust Bank (GTB) International Spending Limit on Mastercard is $100 in 2021 Nigeria’s leading financial institution, Guaranty Trust Bank (GTbank), has said its international spending limit on Mastercard for 2021 remains $100 per month given the current economic situation. The lender reduced its international spending limit from $3000 per month to $1,500 in March HUAWEI REAFFIRMS COMMITMENT TO CUSTOMER SATISFACTION Huawei has released its 2020 annual report, which was independently audited by KPMG. According to the report, growth slowed but the company’s business performance was largely in line with forecast, as its sales revenue in 2020 rounded off at CNY891.4 billion, up 3.8 percent year-on-year, and its net profit reached CNY64.6 billion, up3.2er cent
MTN NIGERIA PROPOSES FINAL DIVIDEND OF N5.90 FOR 2020 MTN Nigeria, a leading telecommunications company in Nigeria and Africa, proposed a final dividend of N5.90 kobo per 2 kobo ordinary share for the financial year ended 31 December 2020. If approved, the company’s total dividend for the year will be N9.40 kobo. The telecom giant said the amount will be paid to shareholders whose RAISING FUNDS FROM THE CAPITAL MARKET Raising Funds From the Capital Market In the last ten years, Nigeria has made remarkable progress in capital market development. The menu of available asset classes has been expanded to include Exchange Traded Funds, while market infrastructure has been modernised and strengthened with the Platforms for Over-the-Counter trading namely the National Association of Securities Dealers BUSINESS NEWS FROM NIGERIA All latest business news in Nigeria and indepth analysis on economic matters across the African continent and the world at large oninvestorsking.com.
DIVIDENDS DECLARED IN 2021 IN NIGERIA Dividends declared by companies in Nigerian for the financial year ended 31 December 2020. Investors King has compiled all the dividends for easy and convenient access. MTN NIGERIA COMMUNICATIONS PLC DIVIDEND Closure of Register Year Ended 31 December 2020 Proposed Dividend: ₦5.90 Proposed Bonus: null FOR null Qualification Date: 5/4/2021 AGM Date: 5/25/2021 DIVIDENDS DECLARED BY COMPANIES ON THE NIGERIAN STOCK Here is a complete list of all the dividends declared last week on the Nigerian Stock Exchange (NSE). The names of listed companies, proposed dividends, qualification dates, payment dates and closure of Register dates. MCNICHOLS CONSOLIDATED PLC Closure of Register: Year Ended 31 December 2020 Proposed Dividend: ₦0.03 Proposed Bonus: – Qualification Date: 6/30/2021 AGM RESTRUCTURE NIGERIA BEFORE 2023 POLLS, AFENIFERE TELLS Restructure Nigeria Before 2023 Polls, Afenifere Tells Buhari. The pan-Yoruba socio-political organisation, Afenifere, on Friday, called on President Muhammadu Buhari to bury the idea of holding elections before restructuring the country. The Afenifere leader, Chief Ayo Adebanjo, who made the call at the group’s meeting held at his Ogbo TESLA TO ANNOUNCE DOGECOIN AS BITCOIN REPLACEMENT Following the decision to stop accepting Bitcoin for vehicle payment, Tesla Inc. may announce Dogecoin as a replacement for Bitcoin. On Wednesday, Elon Musk, the Chief Executive Officer, Tesla Inc, said the company is looking at cryptocurrencies that use less than 1 percent of Bitcoin’s energy for transactions. This was two days after Musk, in RIPPLE SEES ANOTHER VICTORY AS COURT ORDERS SEC TO GIVE Ripple scores another in legal wrangling over SEC lawsuit as SEC now must disclose its confidential internal communications over XRP, Bitcoin and Ethereum. The SEC must produce communications with third parties, including external agencies and market participants, subject to a privilege assertion, according to Netburn’s five-paragraphruling.
GTBANK INTERNATIONAL SPENDING LIMIT REMAINS $100 PER MONTH Guaranty Trust Bank (GTB) International Spending Limit on Mastercard is $100 in 2021 Nigeria’s leading financial institution, Guaranty Trust Bank (GTbank), has said its international spending limit on Mastercard for 2021 remains $100 per month given the current economic situation. The lender reduced its international spending limit from $3000 per month to $1,500 in March HUAWEI REAFFIRMS COMMITMENT TO CUSTOMER SATISFACTION Huawei has released its 2020 annual report, which was independently audited by KPMG. According to the report, growth slowed but the company’s business performance was largely in line with forecast, as its sales revenue in 2020 rounded off at CNY891.4 billion, up 3.8 percent year-on-year, and its net profit reached CNY64.6 billion, up3.2er cent
MTN NIGERIA PROPOSES FINAL DIVIDEND OF N5.90 FOR 2020 MTN Nigeria, a leading telecommunications company in Nigeria and Africa, proposed a final dividend of N5.90 kobo per 2 kobo ordinary share for the financial year ended 31 December 2020. If approved, the company’s total dividend for the year will be N9.40 kobo. The telecom giant said the amount will be paid to shareholders whose RAISING FUNDS FROM THE CAPITAL MARKET Raising Funds From the Capital Market In the last ten years, Nigeria has made remarkable progress in capital market development. The menu of available asset classes has been expanded to include Exchange Traded Funds, while market infrastructure has been modernised and strengthened with the Platforms for Over-the-Counter trading namely the National Association of Securities Dealers ETH SURGED ABOVE $4K WITH OVER $477B MARKET CAP The Ethereum price surged and crossed the $4,000 milestone. ETH is trading at $4,132 (as at the time of publishing), bringing its total market cap to more than $477 billion. Ether, the second biggest cryptocurrency, has grown over 2,000 percent in the last year. On May 10, 2020, one Ether token was worth $180. a RIPPLE COURT CASE: SEC'S FAILURE TO PRODUCE EXTERNAL The never-ending legal battle between the U.S. SEC and Ripple has taken a new turn, as Ripple Labs filed a motion that compels the United States Securities and Exchange Commission to produce evidence of internal documents and communication regarding dealings with other cryptocurrencies like BTC, ETH, and Ripple’s XRP. The plaintiff, SEC, has been intsructed FG IN TALK WITH TWITTER ON CONDITIONS TO LIFT SUSPENSION The federal government has given conditions to lift its indefinite suspension of Twitter in Nigeria. On Monday, The minister of foreign affairs, Geoffrey Onyeama, held a meeting with some envoys to discuss the condition which must be met to restore Twitter operation in Nigeria. The Minister said that the operations of the microbloggingand social
INEC TO PUBLISH THE LIST OF NEW POLLING UNITS NEXT WEEK The Independent National Electoral Commission (INEC) has pledged to publish a comprehensive list of its new polling units across the nation next week. The INEC Chairman, Prof. Mahmood Yakubu, disclosed this on Monday in Abuja. Yakubu was speaking at the formal handing over of a new state of the art fire truck, deployed to the AIRTEL ROLLS OUT ‘HBB SEASONAL OFFER’ FOR MASSIVE HOME Airtel Nigeria has introduced HBB seasonal offer , a value offering that offers customers exciting discount deals on its Home Broadband devices. The telco said the offer is designed to ensure its home broadband customers get the best out of its broadband services on the widest 4G Network in Nigeria. According to Airtel, customers now GOGE AFRICA, LAGOS, OTHERS PARTNER TO TRAIN OPERATORS IN Goge Africa has partnered with Lagos State Government (LASG), Sterling Bank Plc, Nigerian Railway Corporation (NRC), and National Institute of Hospitality and Tourism (NIHOTOUR) to train operators in the tourism industry. The initiative was part of efforts to equip operators with the requisite knowledge and understanding required to operate successfully in the local tourism sector. TWITTER'S RIVAL, KOO LAUNCHES IN NIGERIA Following the Indefinite suspension of Twitter, American microblogging and social networking platform, its rival, Koo launch its platform in Nigeria. on Saturday, Koo an Indian microblogging platform announced that the platform is now available in Nigeria and plans are ongoing to add new local languages for users in the giant west African nation. FIDELITY BANK DONATES N9.3M TO 62 CUSTOMERS Fidelity Bank remains committed to putting smiles on its customers’ faces by enriching their lives through its ongoing savings loyalty programme. To mark this year’s Children’s Day, the bank gave out N150, 000 to 62 Sweet Account (SWEETA) holders across the country, for a total of N9.3 million. As part of its efforts to deepen OPERATIONS OF DANGOTE REFINERY WILL SAVE NIGERIA $3B The Central Bank Governor, Godwin Emefiele, has said that the country will save about $3 billion from petroleum products imports annually when Dangote Refinery is fully operational. He said that latest records showed that petroleum products took about 25 percent of the country’s import. Emefiele spoke when he paid a visit to inspect theDangote
DANGOTE TO START SELLING FERTILISERS ON MONDAY Dangote Industries Limited says its three million metric tonnes granulated urea fertiliser plant is now completed and its products will flood the Nigerian market from Monday. Alhaji Aliko Dangote, Chairman, Dangote Group, made the disclosure on Friday, as the Central Bank Governor, Mr Godwin Emefiele, came on a final inspection tour ofthe facility in
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