Beer-maker Champion Breweries last paid a dividend in 1986, Golden Guinea Breweries 1997, Livestock Feeds 2001 and Union Dicon 2001. Fifty one out of the 156 firms quoted on the Nigerian Exchange Limited have not paid dividends in at least five years, with some reaching as far back as 26 years ago. That means roughly […]
Our Reporter Kogi State Government has restructured its sub-national bonds to extend the maturity date of the two bonds by three years. The government restructured its Kogi State N5 billion Series I 15 per cent Fixed Rate Bond and N3 billion Series II 17 per cent Fixed Rate Bond under the state’s N20 billion debt […]
No fewer than 38 firms will pay a fine totalling N429.5 million. The fine was imposed by the Nigerian Stock Exchange (NSE) over the firms’ failure to file their financial statements as of when due last year. According to a recent report from the bourse, the fine was slammed on the firms for 52 offences […]
The Nigerian Stock Exchange (NSE) has announced plans to sanction 28 companies for failing to meet post-listing requirements. This include defaultment in timely release of operational reports and financial statements. The list of offenders released by the exchange include three commercial banks, a microfinance bank, three mortgage bankers, five insurance companies, one investment management firm […]
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