GTBank to Pay Shareholders Interim Dividend of 30 Kobo

Image

By Adedapo Adesanya

The board of Guaranty Trust Bank (GTBank) Plc has proposed to pay N30 kobo per ordinary share of 50 kobo to shareholders as dividends for half year ended June 30, 2019.

In a notice to the Nigerian Stock Exchange (NSE) on Friday, the bank said the payment would only be made to shareholders whose names appear in its registers of members as at the close of business on Monday, September 2, 2019.

In the disclosure signed by the company’s secretary, Erhi Obebeduo, GTBank further said for holders its Global Depository Receipts (GDR), the qualification date is Monday, August 26, 2019.

It also disclosed that the register of members would be closed on Tuesday, September 3 for ordinary shareholders, while that of GDR holders would be closed a week earlier, Tuesday, August 27, 2019.

The bank has advised its shareholders yet to complete their electronic dividend registration with the registrar to do so to enable them get payment of the interim dividend directly into their bank accounts on Wednesday, September 11, 2019.

It said this E-Dividend Mandate Form can be obtained on the website of the registrar, Datamax Registrars Limited. After completing the form, it can then be submitted to the registrar or their banks for processing.

GTBank also told shareholders with unclaimed dividends and share certificates to complete their electronic registration.

Share
Related Stories
Image
29-February-2024

NGX Falls by 1.27% as Traders ‘Protest’ CBN Rate Hike

By Dipo Olowookere The decision of the Central Bank of Nigeria (CBN) to push the anchor interest rate higher by 4.00 per cent to 22.75 per cent from 18.75 per cent on Tuesday had a toll on the Nigerian Exchange (NGX) Limited on Wednesday. Yesterday, the stock market lost 1.27 per cent after investors cut down their exposure to equities in reaction to the monetary policy announcement of the apex bank a day earlier. The bourse suffered selling pressure during the session, seeing all the major sectors closing in the red territory, with the banking index falling by 6.90 per

Image
29-February-2024

Naira Gains as Binance, Others Halt USDT, USDC Exchanges Amid Crackdown

By Adedapo Adesanya The Naira appreciated against the US Dollar in the foreign exchange (FX) market on Wednesday, February 28 as crypto exchanges like Binance, will no longer allow users to buy the US Dollar Tether (USDT) and US Dollar Coin (USDC) stablecoins with Naira after renewed scrutiny from the Nigerian government. The regulatory crackdown continued in the Nigerian FX market as the country moved to aggressively suppress the activities of spectators and traders across digital platforms. On Wednesday, the Nigerian government tricked two executives of Binance – an American and a British Pakistani into the country for a meeting

Image
29-February-2024

Aradel Holdings, CSCS, FrieslandCampina Sink NASD Exchange by 0.79%

By Adedapo Adesanya Profit taking in the trio of Aradel Holdings Plc, Central Securities Clearing System (CSCS) Plc, and FrieslandCampina Wamco Nigeria Plc made the NASD Over-the-Counter (OTC) Securities Exchange close the midweek session further in the red territory on February 28 by 0.79 per cent. Aradel Holdings Plc lost N20.50 to close at N2,500.00 per share compared with the previous day’s N2,520.50 per share, CSCS Plc depreciated by N1.35 to end the day at N18.65 per unit versus the N20.00 per unit it was traded on Tuesday, and FrieslandCampina Wamco Plc declined by 63 Kobo to N70.25 per share

More Stories
Image
15-March-2017

Mastercard Sponsors CashlessAfrica Expo

By Modupe Gbadeyanka Leading digital payment solutions provider, Mastercard, has been unveiled as the headline sponsor of the 6th Edition of the CashlessAfrica Conference and Expo. The event is organised by Mobile Money Africa and is scheduled for March 22 to 23, at the Oriental Hotel, Lekki in Lagos, Nigeria. The CashlessAfrica Conference and Expo is a platform for technology companies, FinTech’s and other financial institutions to come together and share best practices in order to build a strong economy in Nigeria. The event looks at the importance of rethinking current models and gaining valuable market insight to introduce relevant

Image
10-October-2016

FirstBank Promises Improved Service Delivery

By Dipo Olowookere Nigeria’s most valuable bank brand, First Bank of Nigeria Limited, has felicitated with their customers, acknowledging their immense contributions to the Bank’s success. For over 120 years, the FirstBank has established itself as a brand of strength and dynamism, always striving to provide the best financial solutions and deliver to its stakeholders at all times. The Bank noted that customers are the reason for its varied bundles of products to give them the advantage and take their business to the next level. FirstBank said small business owners are being positioned with the SMEConnect programme to build capacity

Image
17-March-2022

Abbey Mortgage Bank Thrills Customers With Mobile App

By Aduragbemi Omiyale Customers of Abbey Mortgage Bank are now enjoying better financial services with the company’s mobile app launched this week at the lender’s head office in Victoria Island, Lagos. According to the General Manager in charge of Information Technology and Platforms, Lolita Ejiofor, the “AbbeyMobile App was developed based on the need to provide a more seamless and convenient banking experience for both existing and new customers, simply by downloading and registering securely on the AbbeyMobile App.” “The app would ensure a better experience is accessible for day-to-day banking services, including opening an account to save towards their

Image
19-October-2017

MultiChoice Tanzania Marks 20th Anniversary with Customers

By Modupe Gbadeyanka MultiChoice Tanzania (MCT), the country’s first pay TV company, has reached an exciting milestone by celebrating 20 years of changing lives through innovative delivery of ground-breaking content. A statement by the firm said the celebration will involve a two days special exhibition set to take place at the Mlimani City in Dar es Salaam where the public will get to witness first-hand MultiChoice Tanzania’s journey. MultiChoice says it recognises the need for multi content for varied consumer needs when it commenced its operations in Dar es Salaam in July 1997 providing Tanzanians the Pay TV service, DStv,

Image
28-September-2021

Nigeria Can Fund International Capital Market But…—FMDQ

By Ashemiriogwa Emmanuel Africa’s vertically integrated financial market infrastructure, FMDQ Group, has urged Nigeria to conceive a way its domestic capital market could fund the international capital market. This is necessary for Nigeria to pluck its infrastructural rewards, the Managing Director of the exchange, Mr Bola Koko, emphasised during his input at the recently held Finance Correspondents Association of Nigeria (FICAN) 30th-anniversary conference and awards themed Financing Infrastructure & SMEs for Inclusive Growth in the Post-COVID-19 Economy. Mr Koko, represented by the Head of Private Market, Mr Yomi Osinubi, said, however, said the nation’s capital market was not ripe enough

Image
03-October-2023

September PMI: Nigeria’s Business Activity Improves

By Modupe Gbadeyanka Nigeria’s business activity improved in September despite cost pressures limiting demand, according to the latest Purchasing Managers’ Index (PMI) released by Stanbic IBTC Bank Plc. The lender said in the period under review, the private sector had a reading of 51.1 points compared with the 50.2 points achieved in August 2023. It was the rise in business activity in the country was influenced by the growth in order, though the rates of expansion in each were only modest. New orders increased for the sixth month running in September as some firms signalled an improvement in demand. While

Image
08-October-2016

Customs Lifts Ban On Rice Importation

By Modupe Gbadeyanka The embargo earlier placed on importation of rice through land borders in Nigeria has now been lifted by the Nigerian government. Comptroller-General of the Nigeria Customs Service (NCS), Mr Hameed Ali, directed the immediate removal of rice from import restriction list. He directed further that payment of import duty on rice brought into Nigeria at land borders should be re-introduced. According to Mr Ali, the all rice imports through land borders by rice traders would attract the prevailing import duty of 10 per cent with 60 per cent levy. Public Relations Officer of the NCS, Mr Wale

Image
04-May-2018

American Business Council Seeks Improved Regulatory Environment in Nigeria

By Dipo Olowookere The voice of American businesses in Nigeria as well as an affiliate of the US Chamber of Commerce, the American Business Council (ABC), has called for an improved regulatory environment that will further encourage investments in the country. The council, during an FMCG media parley at the American Guest Quarters, Lagos, said it was interested in Nigeria becoming the West African manufacturing hub through increased collaboration between private sector and government. During the meeting, participants noted that government has a considerable commitment in improving regulatory reforms especially at the agency levels and are responsive to requests from

Ad
Ad
Recent Stories
Image
01-March-2024

Nigeria Wants Share in $350bn Global Outsourcing Market

By Aduragbemi Omiyale The global outsourcing market is estimated to be worth about $350 billion and Nigeria is looking to take a slice of it to address the rising unemployment rate in the country. Before 2023, the National Bureau of Statistics (NBS) put the unemployment rate at about 33 per cent, but in its revised edition, the agency said the rate grew to 5.0 per cent in the third quarter of last year. The outsourcing market is becoming the new oil market and Nigeria, which prides itself as the largest economy in Africa because of its population size of over

Image
01-March-2024

Lokpobiri Charges New NCDMB Council on Growth of Nigeria’s Energy Sector

By Adedapo Adesanya  The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, has charged the newly inaugurated fourth Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) to continue advancing the country’s oil and gas industry. The NCDMB Governing Council is set up under the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and draws membership from representatives of select institutions connected with the energy sector. The fourth NCDMB Governing Council would be chaired by Mr Lokpobiri, while the Executive Secretary of NCDMB, Mr Felix Omatsola Ogbe, would serve as the Secretary. Others are the

Image
01-March-2024

How to Protect Your Crypto From Scams, Hacks

In 2023, it is estimated around $2 billion was lost by investors to scams, rug pulls and hacks. Although the technology is becoming more secure and stable and many users are more aware of the tricks used to steal assets, there are still ways for thieves to extract your crypto if you aren’t careful.   Experts at Smart Betting Guide have provided a guide on the best ways to keep your crypto safe in 2024.  1. Do not store your password and seed phrase on the Cloud   For many people, the best and most convenient way to access crypto is through

Image
01-March-2024

FX Crisis: Nigeria May Slam $10bn Fine on Binance

By Adedapo Adesanya The Nigerian government may be considering a $10 billion fine on Binance, a crypto exchange platform, amid a crackdown on crypto platforms in desperate moves to restore the nation’s battered foreign exchange (FX) market. This information was disclosed by Mr Bayo Onanuga, who is the Special Adviser on Information and Strategy to President Bola Tinubu, in an interview with the British Broadcasting Corporation (BBC) on Friday morning. According to the President’s aide, this was necessary as the Nigerian government believes Binance profited substantially from its “illegal transactions” in the country while the nation suffered huge losses. Mr

Image
01-March-2024

Business Confidence in Nigeria Falls in February Amid Rise in Input Costs

By Modupe Gbadeyanka Business conditions in Nigeria slowed to 51.0 in February 2024 from 54.5 in January 2024, as price pressures intensified in the private sector at an unprecedented pace in over a decade of data collection, the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) has revealed. A statement from the lender disclosed that the improvement in business conditions was the weakest since the recovery in the private sector began last December. It stated that input costs surged higher in the period under consideration as a result of higher fuel prices and exchange rate weakness, which drove up material costs.

Image
01-March-2024

Harvard Business School Introduces Tony Elumelu Foundation Case Study

By Modupe Gbadeyanka A case study to spotlight the role of celebrated African businessman, Mr Tony Elumelu, in transforming the development agenda on the continent through his Tony Elumelu Foundation (TEF) has been introduced by the Harvard Business School. The case study, launched on Thursday, February 29, 2024, will critically look into how the former banker is catalysing entrepreneurship in Africa through his Africapitalism approach. At its unveiling before a class of graduate students at Harvard Business School, Mr Elumelu said, “TEF is creating economic hope and opportunity for African entrepreneurs. We know that entrepreneurship is the solution to youth

Image
01-March-2024

Unlisted Securities Remain in Negative Territory by 1.36%

By Adedapo Adesanya Correction at the NASD Over-the-Counter (OTC) Securities Exchange continued as it recorded a 1.36 per cent loss on Thursday, February 29. The bourse lost N21.34 million of its value during the trading session to close at N1.542 trillion compared with the preceding day’s N1.564 trillion and the NASD Unlisted Security Index (NSI) went down by 15.74 points to end the day at 1,138.05 points versus Wednesday’s 1,153.79 points. Yesterday’s decline was influenced by Aradel Holdings Plc, which further suffered further profit-taking, causing its price to drop N98.25 to close at N2,401.75 per share versus the preceding session’s

Image
01-March-2024

Naira Firms to N1,595/$1 at NAFEX, Weakens to N1,500/$1 at Black Market

By Adedapo Adesanya The Naira ended a tumultuous February as it recorded a price appreciation f 0.09 per cent or N14.40 against the US Dollar on Thursday, February 29, in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data obtained from the FMDQ Securities Exchange showed that the value of the local currency closed at N1,595.11/$1 during the session compared with the preceding day’s N1,609.51/$1. Also, the Nigerian currency improved its value against the Pound Sterling in the official market yesterday by N20.34 to close at N2,046.19/£1 compared with the preceding session’s N2,066.53/£1 and strengthened against the Euro by N16.5 to

Image
01-March-2024

Oil Down as US Inflation Signals Weak Crude Demand

By Adedapo Adesanya  Oil was down on Thursday as inflation data in the United States implied a softening of the world’s biggest economy that could weaken crude demand. Brent futures went down by 6 cents to $83.62 a barrel and the US West Texas Intermediate (WTI) futures depreciated by 28 cents to $78.26 a barrel. The US Federal Reserve’s preferred inflation gauge, the US Personal Consumption Expenditures (PCE) index, showed January inflation in line with economists’ expectations. The index rose 0.3 per cent last month, the Commerce Department’s Bureau of Economic Analysis said. Data for December was revised lower to

Image
01-March-2024

Local Stock Market Rebounds, Closes Last Day of February 0.68% Higher

By Dipo Olowookere The last trading session of February 2024 at the Nigerian Exchange (NGX) Limited ended on a positive note as it rebounded by 0.68 per cent after the interest rate hike scare. The growth posted on Thursday was triggered by bargain-hunting in financial stocks, especially those selling at cheaper prices after the sell-offs in the past few sessions. However, profit-taking persisted in the other sectors of the bourse, with the energy, and consumer goods indices closing lower by 0.33 per cent, and 0.18 per cent, respectively. Business Post reports that the banking space rose by 6.14 per cent,