Mon Apr 4, 2016/Reuters Nigeria’s Fidelity bank said on Monday it had put a 22.4 billion naira ($113 million) loan to Lagos-listed energy firm Oando Plc on a watchlist and taken a special provision of 5 percent. The mid-tier commercial lender said on an analysts’ call that the Oando loan […]
Tag: InvestAdvocate
Access Bank Seeks Approval to Raise N100 Billion Fresh Capital
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Access Bank Plc said on Monday its seeking approval this month from shareholders of the Bank to raise up to N100 billion ($505 million) fresh capital, according to a Reuters report. The report says Access Bank may raise the fund through a public […]
ASHAKACEM Offer Investors 15 Kobo per Share Dividend in 2015
By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Ashaka Cement Plc on Monday proposed a dividend of 15 kobo per share to its shareholders. The company said qualification and closure of register is April 25 and April 26, 2016 respectively. According to ASHAKACEM, if the proposed 15 kobo per share dividend is approved […]
