The Securities and Exchange Commission (SEC) has approved a one-week extension for the Transnational Corporation of Nigeria (Transcorp) rights issue to enable wider shareholder participation. Transcorp is issuing 12.906 billion shares of 50 kobo each at N1 per share via rights issue to raise fresh funds to finance its power […]
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Analysts predict profit-taking this month – Analysts
Capital market analysts have said that there will be profit taking activities in the equities segment of the market this month. This, they stated, followed the consistent upward movement in the equities section of the Nigerian Stock Exchange in the past few weeks. According to them, with a year to […]
Mobil’s shareholders approve N5 dividend
Shareholders of Mobil Oil Nigeria Plc have approved a dividend of N5 per share recommended by the company’s board for the year ended December 31, 2012. They gave the approval at the company’s 35th Annual General Meeting held in Lagos. A statement from the company said that shareholders at the […]
