Lloyds Banking Group Plc (LLOY), Britain’s biggest mortgage lender, said it will sell a 25 percent stake in its TSB consumer bank in an initial public offering next month. The prospectus will be published in the middle of June, the London-based bank said in a statement. Lloyds is required to […]
Author: InvestAdvocate
Why e-dividend has not stopped rise in volume of unclaimed dividend
With the arrival of electronic trading and other electronic platforms in the Nigerian stock market, specifically the introduction of the electronic dividend payment which requires all shareholders to open bank accounts or update their bank account information and forward same to their registrars, the incidence of rise in unclaimed dividend […]
Court rejects Diezani’s application to stop probe
A Federal High Court in Abuja on Monday rejected the application by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to restrain the House of Representatives from probing the allegation that she spent N10bn on a chartered aircraft. Counsel for Alison-Madueke and the Nigerian National Petroleum Corporation, Mr. Etigwe Uwa […]