Search Results for "shareholders"
34 results found
NAHCO appoints vice chairman, non-executive directors

…positions across the financial and energy sectors. PUNCH Online earlier reported that shareholders of the Nigerian Aviation Handling Company Plc commended the board and management of the ground-handling group for its impressive performance and sustained improvements in returns. At its recent Annual General Meeting, sha…

Business by nigerianewsfeed · 3 mons ago · 0 comments · 36 views
Nigeria's fintechs built payments. Now they're becoming banks.

…Tier 2 Unit MFBs and ₦1 million ($724.15) for other MFB categories, but not exceed 1% of shareholders' funds unimpaired by losses. The CBN recognises four categories of MFBs. Tier 1 Unit MFBs are authorised to operate in urban areas, while Tier 2 Unit MFBs serve rural, unbanked and underbanked communities. State MFBs c…

Business by nigerianewsfeed · 4 mons ago · 0 comments · 35 views
IMG strengthens balance sheet as equity grows 100%

At the company's Annual General Meeting, shareholders commended the board and management for successfully navigating a difficult operating environment and preserving value amid widespread economic uncertainty. Shareholders unanimously approved the dividend declared and all resolutions presented at the meeting, includin…

Business by nigerianewsfeed · 4 mons ago · 0 comments · 44 views
SAHCO targets UAE expansion after posting N12 billion pre-tax profit

…to navigate a difficult operating environment while continuing to deliver value to shareholders. More insights: SAHCO's expansion drive comes as the company continues to consolidate its sector share in Nigeria's aviation ground handling industry. The company remains the only aviation ground handling firm with operation…

Business by nigerianewsfeedofficial · 4 mons ago · 0 comments · 39 views
Why CBN's UBO directive could change how Fintechs are regulated

…regulatory examination. Founders should understand not only who their direct shareholders are, but also who ultimately sits behind major investment vehicles. For investors, the message is equally clear. The era when growth alone dominated the regulatory conversation is gradually ending. As fintech companies become more…

Business by nigerianewsfeedofficial · 4 mons ago · 0 comments · 35 views
Passenger, cargo traffic boost SAHCO revenue

…a challenging operating environment while maintaining growth and delivering value to shareholders. Shareholders' equity also grew strongly to N62.21 billion, reflecting solid financial positioning and long-term value creation capacity. Total assets rose significantly to N82.69 billion, supported by investments in prope…

Business by nigerianewsfeedofficial · 4 mons ago · 0 comments · 45 views
IMG strengthens balance sheet, equity grows 100%As shareholders get N365.5m dividend

…&Medical Gases (IMG) Nigeria Plc has delivered a resilient performance in 2025, doubling shareholders' equity to N11.84 billion and paying a cash dividend of N365.5 million, amounting to 50 kobo per share, despite a challenging business environment marked by inflationary pressures, rising operating costs, and foreign e…

Business by nigerianewsfeedofficial · 4 mons ago · 0 comments · 39 views
VFD Group appoints Azeez Adetayo as Acting CFO

…to sustain the execution of its strategic objectives and maintain confidence among shareholders and the investing public. What you should know In its financial results for the first quarter ended March 31, 2026, VFD Group reported a pre-tax profit of N5.1 billion. This represents an increase from the N4.1 billion recor…

Business by nigerianewsfeedofficial · 4 mons ago · 0 comments · 37 views
Fortis Global Insurance secures regulatory approval for share capital reconstruction

…the company said. The insurer also announced the temporary closure of its register of shareholders during the reconstruction process. "That the Register of shareholders shall be closed for this period to enable the Central Securities Clearing System (CSCS) Plc and PAC Registrars & Investors Services Limited, the Regist…

Business by nigerianewsfeedofficial · 4 mons ago · 0 comments · 42 views
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