Shareholders fault virtual meetings provision in Business Facilitation Act
Say it’s infringement on investors’ right Investors in the nation’s capital market have kicked against the provision in the Business Facilitation (Miscellaneous Provision) Act, 2023 that allows all companies, including publicly quoted companies, to hold their general meetings electronically, saying that the amendment infringes on the right of shareholders to physically attend the Annual General Meetings […]
Shareholders speak on SEC’s effort to streamline share transmission process
Over time, investors in the Nigerian capital market have been complaining about the cumbersome process of taking ownership of the investments of their deceased family members. However, the Commission said it has made some progress in attempting to resolve the issues around transmission of shares related to the estate of deceased investors, adding that the process has commenced with the Lagos State Probate Registry.
Shareholders speak on SEC’s effort to streamline share transmission process
Over time, investors in the Nigerian capital market have been complaining about the cumbersome process of taking ownership of the investments of their deceased family members. However, the Commission said it has made some progress in attempting to resolve the issues around transmission of shares related to the estate of deceased investors, adding that the process has commenced with the Lagos State Probate Registry.
Nestle shareholders seek bonus issue, action on unclaimed dividend
SHAREHOLDERS of Nestle Nigeria Plc have urged the Board and Management to consider issuing bonus shares at the end of 2019, even as they commended the company for N38.50 per share dividend payment declared for the year ended December 31, 2018.
Shareholders commend Union Bank’s debt recovery drive
SHAREHOLDERS of Union Bank of Nigeria Plc have commended the debt recovery drive by its management as the bank’s Non Performing Loan, NPL ratio declined to 8.1 percent for the financial year ended December 31, 2018 from 20.8 percent in the corresponding period of 2017.
Debt recovery drive: Shareholders commend Union Bank
Shareholders of Union Bank of Nigeria Plc have commended the debt recovery drive by its management as the bank’s Non Performing Loan, NPL ratio declined to 8.1 percent for the financial year ended December 31, 2018 from 20.8 percent in the corresponding period of 2017.
