Shareholders of Mass Telecommunication Innovation Plc have accused five former directors of the company of illegally utilising about N5.2bn raised by the company through private placement in 2008. A petition written on behalf of the Chairman, MTI, Kasimu Garba, and other shareholders, to the Securities and Exchange Commission by Punuka […]
Tag: Shareholders
Presco Nigeria Advances to Record on Dividend Bets
Presco Plc (PRESCO), a Nigerian palm-oil producer, jumped to its highest level on record because of prospects that it will maintain dividend payments and a plan to expand into rubber plantations lure investors. The stock rose 3.3 percent to 44 naira by the close in Lagos, the commercial capital. More […]
Oando to seek shareholders’ vote to raise 250 bln naira
Nigeria’s Oando plans to seek shareholder approval to raise up to 250 billion naira ($1.5 bln) via debt or equity, the energy company said on Tuesday. Oando plans to hold the shareholder meeting on Feb. 18, it said in a statement, adding that 50 billion naira of the amount will […]
