Shareholders have decried the planned move by the Securities and Exchange Commission to suspend the issuance of dividends warrants if they do not subscribe to e-dividend payout. The shareholders, who spoke to our correspondent in separate interviews on Thursday, said that it was not right for SEC to give shareholders […]
Tag: Nigeria
Enterprise Bank Declares Impressive Profit of N11.3 billion
Press Release Enterprise Bank Limited rose from its first Annual General Meeting (AGM) during the week and announced an impressive performance with a profit-before-tax of N11.3billion. Enterprise Bank is one of the bridge banks that emerged on August 5, 2011 following the takeover by the Nigeria Deposit Insurance Corporation (NDIC) […]
Naira Falls to 5-Week Low on Corporate Demand After Auction
The naira reached its lowest in five weeks against the dollar as companies increased demand for the U.S. currency after the central bank sold less than the amount offered at an auction today. The currency of Africa’s biggest oil producer declined 0.2 percent to 158.95 per dollar by 3:10 p.m. […]
