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Daily Business News Brief – June 13th, 2024

13
Jun

SEC Seeks Collaboration to Reduce Unclaimed Dividends – Thisday
Acting Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has tasked relevant stakeholders to co-operate with the Commission in its quest to reduce the volume of unclaimed dividends in the capital market…………………………………………………………………………………………………………………………………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Recapitalisation: GTCO targets July for N500bn capital raise – Punch
The Guaranty Trust Holding Company Plc has concluded plans to raise about N500bn starting in July.
This was disclosed in a notice of its preliminary prospectus filed with the Securities and Exchange Commission.
The banking group is seeki..  . ….. ………………………………………………………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Shareholders optimistic over FCMB N150bn capital raise – Punch
Shareholders of FCMB Group Plc have expressed confidence that the N150bn capital raising programme of the group would be achieved.
This was stated at the 11th annual general meeting of the group, where the shareholders also hailed the management for the performance of the bank… …………………….. . … .. .,…. .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Wema Bank threatens legal action over licence revocation claims – Punch
 
Wema Bank has said that it will take legal action over reports that its banking licence is about to be revoked by the Central Bank of Nigeria.
The bank said this on Tuesday in a statement issued by its Head of Brands and Marketing Communications, Mabel Adeteye, where it maintained that its performance……… …. . …… .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Sterling Bank partners SPPG on credentials verification with blockchain – Punch
Sterling Bank has partnered with the School of Politics, Policy, and Governance to address the gap in the verification of credentials through the adoption of blockchain technology.
This was disclosed in a statement issued by the bank on Tuesday revealing that the collaboration marked a milestone in enhancing the efficiency.. .. … , . …… .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Presco shareholders approve N227m remuneration for directors – Punch
The shareholders of Presco Plc have approved N227m as a remuneration package for the company’s directors.
This was disclosed in the notice of resolutions from its recently held annual general meeting filed on the portal of the Nigerian Exchange on Tuesday.
The firm said the approval comes as part of its strategy to align ………,.. , . …… .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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