The Association of Corporate Trustees (ACT) last week called for the injection of funds into the Nigerian capital market by the Federal Government as a way of bailing it out from its poor state. The trustees made the call in their presentation to the House of Representatives Ad Hoc Committee […]

First Securities Discount House Limited has recommended a total dividend payout of N698.7m to its shareholders for the financial year ended December 31, 2011. According to the company, this amount translates to a dividend of 25 kobo per share. This, the company said, ,was as a result of good results […]

United Bank for Africa  is considering merging its Zambian unit with one or more other Zambian  banks  to meet a new regulatory minimum capital of $100m, its group chief executive said on Tuesday. It is just one option being considered, UBA’s Chief Executive Officer, Mr. Phillips Oduoza, told an investors’ […]