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Dangote Cement to Raise Fund Under N300 Billion Bond Issuance Programme

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Prime Real Estate Development At Eko Atlantic City

The board of Directors of Dangote Cement Plc has approved the company’s request to access the capital market for funds to support its growing business and maximize available sources of its debt funding.

The company stated in a statement signed by Edward Imoedemhe, Deputy Company Secretary.

The statement reads “Dangote Cement Plc. is Nigeria’s largest listed entity by market capitalization on the Nigerian Stock Exchange, as well as Sub-Saharan Africa’s leading cement producer, with a combined installed capacity of 48.6Mta across its operations in 10 African countries.

“The Company has submitted an application to the Securities and Exchange Commission (SEC) for the registration of a bond issuance programme.

“Subsequent to obtaining regulatory approvals, the Company intends to explore its medium to long-term debt funding options through the debt capital market, subject to favorable market conditions. When raised, the proposed funding will be used for capital expenditure of the Company’s expansion projects, short term debt refinancing, and working capital requirements.”

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.

Dividends

GTBank Approves N79.464 billion Final Dividend for 2020 Financial Year

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Shareholders of Guaranty Trust Bank Plc, a leading financial institution in Nigeria, have approved the payment of N79,464,186,000 as the final dividend from the N201.4 billion profit after tax recorded for the financial year ended December 31, 2020.

At the bank’s thirty-first Annual General Meeting held on Friday, April 9, 2021 at the Oriental Hotel in Victoria Island in Lagos, shareholders received and passed final dividend of N2.70k per 50 ordinary share for the 2020 financial year. Bringing the total dividend paid to shareholders for the 2020 financial year to N3.00k per ordinary share of 50 kobo each.

In the year under review, the leading financial institution realised N253.668 billion net interest income in the year under review, up from N231.363 billion achieved in 2019.

Commenting on 2020 financial year, Segun Agbaje, the Managing Director and Chief Executive Officer, GTBank, said “2020 was arguably the most challenging year that the world has faced in decades. In such unprecedented times, we sought to live out the full extent of our values; safeguarding lives and livelihoods for our people, our customers and across the communities where we operate.”

“We were on solid footing going into 2020; the strength, scale and liquidity of our balance sheet, coupled with the quality of our past decisions and the efficacy of our digital-first customer-centric strategy gave us the resilience and flexibility to navigate the economic shocks and market volatility that dominated the year.”

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Jaiz Bank Proposes N0.03k as Final Dividend in 2020

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Jaiz Bank

Jaiz Bank Plc, a non-interest bank operating under Islamic banking principles in Nigeria, has proposed N0.03k per 50k ordinary share for the financial year ended December 31, 2020.

The amount is subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on June 10, 2021.

Jaiz Bank said the Register of Shareholders will be closed from Friday June 11, 2021 to Friday June 18, 2021.

It said the qualification date is June 10, 2021 but the payment date will be announced later.

However, shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation For, from the company’s Registrar’s website at https://africaprudential.com/forms-offers/, complete and submit to the Registrar or their respective Banks.

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Dividends Declared by Companies on the Nigerian Stock Exchange Last Week

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Here is a complete list of all the dividends declared last week on the Nigerian Stock Exchange (NSE). The names of listed companies, proposed dividends, qualification dates, payment dates and closure of Register dates.

MCNICHOLS CONSOLIDATED PLC

Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.03
Proposed Bonus: –
Qualification Date: 6/30/2021
AGM Date: 7/29/2021
Payment Date: 8/5/2021
Closure of Register Date: 7/1/2021

UAC OF NIGERIA PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦1.20
Proposed Bonus: –
Qualification Date: 6/14/2021
AGM Date: 6/30/2021
Payment Date: 7/1/2021
Closure of Register Date: 6/15/2021

NIGERIAN AVIATION HANDLING COMPANY PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.13
Proposed Bonus: –
Qualification Date: 7/13/2021
AGM Date: 7/30/2021
Payment Date: 7/30/2021
Closure of Register Date: 7/14/2021

STERLING BANK PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.05
Proposed Bonus: –
Qualification Date: 4/16/2021
AGM Date: 5/6/2021
Payment Date: 5/6/2021
Closure of Register Date: 4/19/2021

CADBURY NIGERIA PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.18
Proposed Bonus: –
Qualification Date: 5/14/2021
AGM Date: 6/16/2021
Payment Date: 6/17/2021
Closure of Register Date: 5/17/2021

11 PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦8.50
Proposed Bonus: –
Qualification Date: 4/29/2021
AGM Date: –
Payment Date: –
Closure of Register Date: 4/30/2021

NEM INSURANCE PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.09
Proposed Bonus: –
Qualification Date: 6/4/2021
AGM Date: 6/24/2021
Payment Date: 6/24/2021
Closure of Register Date: 6/7/2021

GLAXO SMITHKLINE CONSUMER NIG. PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: 0.40
Proposed Bonus: –
Qualification Date: 4/23/2021
AGM Date: 5/27/2021
Payment Date: 5/28/2021
Closure of Register Date: 4/26/2021

CAVERTON OFFSHORE SUPPORT GROUP PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: 0.10
Proposed Bonus: –
Qualification Date: 4/27/2021
AGM Date: 5/27/2021
Payment Date: 5/27/2021
Closure of Register Date: 4/28/2021

AXA Mansard Insurance Plc
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.055
Proposed Bonus: –
Qualification Date: 4/22/2021
AGM Date: 5/7/2021
Payment Date: 5/7/2021
Closure of Register Date: 4/23/2021

LINKAGE ASSURANCE PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.05
Proposed Bonus: 2 FOR 5
Qualification Date: 4/30/2021
AGM Date: 5/20/2021
Payment Date: 5/26/2021
Closure of Register Date: 5/3/2021

ETERNA PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.10
Proposed Bonus: –
Qualification Date: 4/30/2021
AGM Date: 7/22/2021
Payment Date: 7/23/2021
Closure of Register Date: 5/3/2021

BOC GASES NIGERIA PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.50
Proposed Bonus: –
Qualification Date: 6/4/2021
AGM Date: 6/24/2021
Payment Date: 6/25/2021
Closure of Register Date: 6/7/2021

BETA GLASS PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦1.04
Proposed Bonus: –
Qualification Date: 6/10/2021
AGM Date: 7/1/2021
Payment Date: 7/2/2021
Closure of Register Date: 6/11/2021

BUA CEMENT PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: N2.067 kobo
Proposed Bonus: –
Qualification Date: 7/9/2021
AGM Date: 7/22/2021
Payment Date: 7/23/2021
Closure of Register Date: 7/12/2021

FBN HOLDINGS PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.45
Proposed Bonus: –
Qualification Date: 4/20/2021
AGM Date: 4/27/2021
Payment Date: 4/28/2021
Closure of Register Date: 4/21/2021

CHEMICAL AND ALLIED PRODUCTS PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦2.10
Proposed Bonus: –
Qualification Date: 6/2/2021
AGM Date: 6/17/2021
Payment Date: 6/22/2021
Closure of Register Date: 6/3/2021

TRANSNATIONAL CORPORATION OF NIGERIA PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.01
Proposed Bonus: null FOR null
Qualification Date: 4/14/2021
AGM Date: 4/26/2021
Payment Date: 4/26/2021

BERGER PAINTS NIGERIA PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.40
Proposed Bonus: –
Qualification Date: 4/30/2021
AGM Date: 5/20/2021
Payment Date: 5/21/2021
Closure of Register Date: 5/3/2021

FIDELITY BANK PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.22
Proposed Bonus: –
Qualification Date: 4/16/2021
AGM Date: 4/30/2021
Payment Date: 4/30/2021
Closure of Register Date: 4/19/2021

INFINITY TRUST MORTGAGE BANK PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.04
Proposed Bonus: –
Qualification Date: 4/23/2021
AGM Date: 5/20/2021
Payment Date: 5/24/2021
Closure of Register Date: 4/26/2021

FIDSON HEALTHCARE PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.25
Proposed Bonus: –
Qualification Date: 7/7/2021
AGM Date: 7/22/2021
Payment Date: 7/23/2021
Closure of Register Date: 7/8/2021

JAIZ BANK PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.03
Proposed Bonus: –
Qualification Date: 5/28/2021
AGM Date: 5/27/2021
Payment Date: 6/3/2021
Closure of Register Date: 5/31/2021

ACCESS BANK PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.55
Proposed Bonus: –
Qualification Date: 4/15/2021
AGM Date: 4/30/2021
Payment Date: 4/30/2021
Closure of Register Date: 4/16/2021

PRESTIGE ASSURANCE PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.025
Proposed Bonus: –
Qualification Date: 5/17/2021
AGM Date: 5/26/2021
Payment Date: 5/28/2021
Closure of Register Date: 5/18/2021

SKYWAY AVIATION HANDLING COMPANY PLC
Closure of Register: Year Ended 31 December 2020
Proposed Dividend: ₦0.0165
Proposed Bonus: –
Qualification Date: 6/4/2021
AGM Date: 6/22/2021
Payment Date: 6/22/2021
Closure of Register Date: 6/7/2021

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