By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) has on 2 June 2015, approved the Par Value Rule submitted to it by the National Council of the Nigerian Stock Exchange (NSE) on 5 March 2015. This is coming on the heels of the draft Rule submitted (for […]
Capital Market
International Breweries Reduce Dividend by 22%, Pretax Profit Dip 28.3% in 2015
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Ilesha based brewing firm, International Breweries Plc on Thursday said its dividend payout for the period ended March 31, 2015 reduced 22 percent to 25 kobo from 32 kobo paid a year earlier. According to the corporate actions of the beer maker filed […]
Ecobank Says Will Sell Stake in Nigerian Unit to Shore up Capital
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Pan-African lender Ecobank Transnational Incorporated (ETI) said on Wednesday it will sell a stake in Ecobank Nigeria Ltd. by the end of 2015 to shore up the unit’s capital, a Bloomberg report quoted Albert Essien, chief executive officer (CEO) of the bank in an […]
