Sovereign Trust Insurance Plc (STI) is set to raise additional equity capital by offering one new ordinary share for every three ordinary shares of 50 kobo each. This according to the underwriting firm, is in fulfillment of one of the resolutions reached by its shareholders at the 18th annual general meeting […]
Author: InvestAdvocate
UBA launches ‘U-Direct Corporate’ solution for companies
United Bank for Africa (UBA) Plc has launched a web based banking platform, U-Direct Corporate. It’s a cash management and transaction services platform designed to help small and large firms maximise their payments, collections and liquidity position. The bank explained that the product, operational in UBA Nigeria and across the […]
Unclaimed dividends have been significantly reduced – Olugbemi
The efforts of regulators and registrars have led to a reduction in unclaimed dividends to 5.05 per cent of total dividends declared in the last 10 years, the Institute of Capital Market Registrars, has said. According to the institute, this is a major improvement over the situation in the past […]