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UBA, Transcorp postpone annual general meetings

United Bank for Africa (UBA) and Transcorp have announced the cancellation of their 2019 Annual General Meetings (AGMs) to prevent the spread of COVID-19.

Zenith Bank fetes shareholders with dividend payout of N87.9 billion

Shareholders of Zenith Bank Plc on Monday at the 29th Annual General Meeting of the Bank held at the Shehu Musa Yaradua Centre, Abuja unanimously approved the proposed final dividend of N2.50 per share, bringing the total dividend payment for the 2019 financial year to N2.80 per share with a total value of N87.9 billion.
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. REUTERS-Anushree Fadnavis

Twitter chief reconsiders Africa move amid coronavirus concerns

Twitter Inc Chief Executive Officer Dorsey Jack said on Thursday he is reconsidering a proposed stint in Africa this year due to coronavirus concerns, walking back his plans amid a call by activist investor Elliott Management for his ouster.

NDIC: We have paid all depositors of 18 failed banks

The Nigeria Deposit Insurance Corporation has said it has fully paid both insured and uninsured depositors of 18 closed banks in the country.
The Institute for Peace and Conflict Resolution (IPCR) has pledged to collaborate with the Nigerian Army Resource Centre (NARC) to find practical solutions to insecurity confronting the country.

Nigerian Army, senior officer make conflicting claims over seized N136 million

The Nigerian Army and one of its senior officials, Maj.-Gen. Hakeem Otiki, are at loggerheads over the actual owner of the $376,120 (N136,155,440) for which a Federal High Court in Abuja has granted an interim forfeiture.
TOKYO - Nissan shareholders vented their outrage at the Japanese automaker’s top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn.

Nissan shareholders furious at Carlos Ghosn scandal, dismal results

Nissan shareholders vented their outrage at the Japanese automaker’s top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn.
Nigerian Stock Exchange NSE

Federal government urged to seek private, domestic capital for infrastructure funding

Stakeholders in the capital market on Thursday stressed the need to attract private and domestic capital for funding of critical infrastructure in the country.
Japan’s Toshiba Machine said weekend it would seek shareholders’ approval if it decides to adopt defense measures against a hostile takeover, agreeing to demand from a prominent activist investor targeting the molding machine company.

Toshiba Machine to seek shareholders approval for takeover defense

Japan’s Toshiba Machine said weekend it would seek shareholders’ approval if it decides to adopt defense measures against a hostile takeover, agreeing to demand from a prominent activist investor targeting the molding machine company.
L-R: Deputy Company Secretary, Dangote Cement Plc, Edward Imoedemhe; Chairman, Dangote Cement Plc, Aliko Dangote; Group Managing Director/CEO, Dangote Cement Plc, Engr. Joseph Makoju; and Non-Executive Director, Dangote Cement Plc, Olakunle Alake at the Dangote Cement Plc Extra-Ordinary General Meeting held in Lagos on Wednesday, January 22, 2020

Dangote Cement praised by shareholders on buyback plans

Desire of the Management of Dangote Cement to ‘buy back’ 10 per cent of its entire issued shares from shareholders was unanimously granted on Wednesday as the company’s shareholders’ voted in support of the ‘share buy back’ plans. Dangote Cement, which currently has 17.04 billion fully paid up ordinary shares of 50 kobo each, would be buying back 1.70 billion shares.
Dangote Cement

Dangote Cement seeks shareholders’ approval for share buy-back

Dangote Cement Plc is seeking shareholders’ approval to embark on share buy-back in move aimed at improving return on equity and shareholder value.

Sovereign Trust Insurance lists 4.17 billion rights shares

Sovereign Trust Insurance Plc has listed additional 4.17 billion ordinary shares of 50 kobo each on the Nigerian Stock Exchange (NSE), the last step in its recent capital raising process.
Dangote Cement Industry

Shareholders seek more mergers, acquisitions in cement industry

Shareholders under the aegis of Constance Shareholders’ Association of Nigeria (CSAN) on Saturday said that mergers and acquisitions would improve cement industry activities on the Nigerian Stock Exchange (NSE).

South African Airways secures state-led rescue

South African Airways was placed under a state-led rescue plan on Thursday as part of a massive restructuring following a costly week-long strike last month.
The move comes after Australia’s Federal Court last week agreed with the country’s financial intelligence agency, AUSTRAC that Westpac had breached anti-money laundering and terrorist financing obligations.

Australian bank chief resign over money laundering scandal

The move comes after Australia’s Federal Court last week agreed with the country’s financial intelligence agency, AUSTRAC that Westpac had breached anti-money laundering and terrorist financing obligations.

Nestle declares N25 interim dividend

Nestle Nigeria Plc has declared N25 per share interim dividend for the period ended September 30, 2019 (Q3’19) to its shareholders subject to appropriate withholding tax and approval.
Former Liverpool forward El Hadji Dioufhas urged Kylian Mbappe to quit Paris Saint-Germain and seal a move to Real Madrid if he wants to win the Ballon d’Or.

Juventus ready to rival Real Madrid for Europe’s star young attacking pair

Juventus and Real Madrid could soon be ready for a transfer war over two of the brightest attacking talents in Europe.

Why Julius berger is ‘preferred’ contractor for Nigerian projects – minister

Babatunde Fashola, minister of works and housing, has explained why Julius Berger is preferred above “indigenous companies” when entrusting infrastructural projects to companies in the country.
Juventus

Juventus shareholders agree €300 million boost to expand club globally

Juventus president Andrea Agnelli on Thursday got the overwhelming backing of the club’s shareholders for a 300 million euro ($333 million) capital increase to help boost the Italian club’s global ambitions.

Recent Stories

Recall that President Muhammadu Buhari in a nationwide broadcast on Sunday ordered a total lockdown in Abuja, Lagos and Ogun State as a proactive measure to contain the spread of the deadly novel coronavirus in Nigeria.

Coronavirus: Abuja lockdown frustrating – residents

Recall that President Muhammadu Buhari in a nationwide broadcast on Sunday ordered a total lockdown in Abuja, Lagos and Ogun State as a proactive measure to contain the spread of the deadly novel coronavirus in Nigeria.
Uber is ramping up its response to the COVID-19 pandemic, pledging 10 million free rides and food deliveries for health care workers, senior citizens, and others affected by the outbreak.

Uber pledges 10 million free rides and deliveries for workers affected by coronavirus

Uber is ramping up its response to the COVID-19 pandemic, pledging 10 million free rides and food deliveries for health care workers, senior citizens, and others affected by the outbreak.
The Nigeria Centre for Disease Control says it has extended its molecular laboratories with the capacity to detect Coronavirus Disease to six. Dr. Chikwe Ihekweazu, Director General of the NCDC, disclosed this to newsmen on Saturday in Abuja, while giving an update on COVID-19 in the country.

Coronavirus: Nigeria able to test between 500 and 1000 a day – NCDC

Nigeria will be able to test up to 1000 suspected cases of coronavirus by the end of this week, the NCDC has said.
Dr Chikwe Ihekweazu, Director General of NCDC, disclosed this on Monday on Channels Television, Programme “Sunrise Daily”, while, speaking on COVID-19 pandemic in Nigeria.

Nigeria confirms four new coronavirus cases, toll rises to 139

Nigeria Centre for Disease Control (NCDC), on Tuesday, has announced four more new cases of coronavirus (COVID-19), making the number of confirmed cases in Nigeria rise to 139.

Somali governor killed in bomb blast

Abdisalan Hassan Hersi, governor of the Nugaal region in northeastern Somalia has been killed in a suicide bomb blast claimed by the al-Shabab armed group, police said on Monday.