20/4/2016/SEC In a bid to boost agriculture and promote commodity exchange in Nigeria, the Securities and Exchange Commission (SEC) is set to roll out various initiatives to provide an enabling environment for commodities trading in the country. Already, the Commission is reviewing the Warehouse Receipt Bill currently before the National Assembly […]
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Wema Bank Eyes Acquisition, to Raise N50 Billion via Domestic Bonds
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc is seeking to buy a mid-sized commercial Bank and will seek shareholders approval in May 2016 to enter talks for the deal, a Reuters report quoted Tunde Mabawonku, its chief financial officer (CFO) on Monday. “Wema Bank is keeping a close […]
Zenith Bank Pays Higher Dividend of N1.80 per Share
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top lender, Zenith Bank Plc on Wednesday approved the payment of N1.80 per share dividend to its shareholders at its 25th Annual General Meeting (AGM) held in Lagos. The board of directors of the Bank had earlier proposed a final dividend of N1.55 kobo per share […]
