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UBA Declares N0.17 Interim Dividend for Q2 2020

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UBA

UBA to Pay N0.17 Interim Dividend to Shareholders in Q2 2020

United Bank for Africa has declared an interim dividend of N0.17 for every ordinary share of 50 kobo each.

This is coming a day after the bank posted a profit after tax of N44.43 billion in the second quarter. While the bank’s profit had declined from N56.74 billion posted in the second quarter of 2019 to N44.43 billion in Q2 2020, it remained strong given the COVID-19 lockdown and disruptions due to the virus.

In a statement signed by Bili A. Odum, Group Company Secretary, UBA and released through the Nigerian Stock Exchange (NSE), the lender said the dividend will be paid to shareholders whose names appear in the register of members as at the close of business on Tuesday, September 15, 2020.

It, therefore, stated that the bank’s register will be closed on Wednesday September 16, 2020 to allow the registrars enough time to make payment of interim dividends.

The statement reads, “On Wednesday, September 23, 2020, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as at close of business on Tuesday, September 15, 2020 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.”

“Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Form, which is available at http://www.africaprudential.com, complete and submit to the Registrar at the address below, any UBA Branch or their respective banks. Shareholders are also advised to update their records with the Registrar as may be required. The Shareholder Data Form is also available on the Registrar’s website. Duly completed forms should be returned to the Registrar or any Branch. Alternatively, scanned completed forms can be sent to cfc@africaprudential.com or investorrelations@ubagroup.com.

On unclaimed dividend warrants and share certificates, the bank said “Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation ae advised to complete the edividend registration or contact the Registrar.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Nigerian Stock Exchange

Seplat Gained N25.597 Billion on Thursday to Top Other Stocks

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seplate to announce financial results on July 29, 2020

Seplat Gained N25.597 Billion on Thursday to Top Other Stocks

Seplat Petroleum Development Company Plc (Seplat) on Thursday led top gainers with N43.5 or 8.76 percent gain to settle at N540 per share.

The stock opened the day at N496.5 per share with investors trading 122,487 shares of Seplat during the trading hours of Thursday.

On Thursday, investors traded total shares of 809.362 million valued at N8.906 billion in 6,706 deals.

The market value of listed stocks rose by 1.54 percent to settle at N21.419 trillion while the NSE All-Share Index advanced to 40,963.14 index points.

Transcorp led most traded stocks’ chart with 136,578,001 shares estimated at N130,187,282.08. Mbenefit followed with 70,590,783 shares worth N27,389,418.45. See the details below.

Top Trades

Symbols Volume Value
TRANSCORP 136,578,001 N130,187,282.08
MBENEFIT 70,590,783 N27,389,418.45
GUARANTY 68,993,112 N2,251,734,120.25
WAPCO 61,851,781 N1,423,886,590.65
FBNH 44,533,521 N329,473,070.35

Top Gainers

Symbols Last Close Current Change %Change
SEPLAT N496.5 N540 43.5 8.76%
DANGCEM N230 N237 7 3.04%
MTNN N165 N168 3 1.82%
ARDOVA N20 N21.85 1.85 9.25%
NASCON N15.95 N17.5 1.55 9.72%

Top Losers

Symbols Last Close Current Change %Change
NEIMETH N2.2 N2.06 -0.14 -6.36%
GUINNESS N18.9 N18.85 -0.05 -0.26%
NAHCO N2.29 N2.25 -0.04 -1.75%
JAIZBANK N0.72 N0.7 -0.02 -2.78%
COURTVILLE N0.24 N0.22 -0.02 -8.33%

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Nigerian Stock Exchange (NSE) to Provide 2021 Outlook and Review 2020 Activities on January 19, 2021

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Nigerian Stock Exchange

Nigerian Stock Exchange (NSE) to Provide 2021 Outlook and Review 2020 Activities on January 19, 2021

The Nigerian Stock Exchange (NSE) said it will conduct the 2020 market recap and 2021 outlook on Tuesday, 19 January 2021.

The Exchange, however, said in light of the present COVID-19 pandemic, the event will be held virtually and can be accessed by members of the stockbroking community, analysts, regulators, media, and other stakeholders.

Interested participants can register via the link: http://bit.ly/nse-2021-outlook.

Mr. Oscar N. Onyema OON, the Chief Executive Officer, NSE, and other Executive Committee will give a presentation at the event.

The presentation will covers:

• Global capital market review, particularly the impact of the COVID-19 pandemic
• A review of the performance of The Exchange. This will cover product performance (Equities, Fixed Income and Exchange Traded Products); The NSE’s strategic performance across business development (listings, index launch, strategic projects, etc.); market initiatives (business partnerships, innovation, advocacy, and more); and Corporate Citizenship development (ESG related efforts).

Also, the event will feature a special presentation from Managing Director, Chief Economist, Africa and the Middle East, Global Research, Standard Chartered Bank, Ms. Razia Khan, on the prognosis for 2021 – local and international market postulations, capital market projections, and more.

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Nigerian Stock Exchange

Adim Renwick Jibunoh, Director United Capital, Sells 5000 Shares of United Capital

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United-capital

Adim Renwick Jibunoh, Director United Capital, Sells 5000 Shares of United Capital

Adim Renwick Jibuno, one of the directors of United Capital Plc, sold 5000 shares of the company, according to the latest filing with the Nigerian Stock Exchange.

In a statement signed by Leo Okafor, Company Secretary, United Capital Plc, Jibunoh sells 5,000 units at an average price of N4.50 per share on December 09, 2020.

The transaction took place at the Nigerian Stock Exchange (NSE) trading floor in Lagos, Nigeria. See the details below.

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