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Tag Archives: shareholders

Africa50 mobilises $108b to bridge infrastructural gap

Africa50

Africa50 has emerged a key player in driving infrastructure investments with commercial rates of return in the region, an effort to bridge the continent’s infrastructure financing gap estimated at $108 billion, after two years operations. The infrastructure investment platform that contributes to Africa’s growth by developing and investing in bankable projects, catalysing public sector capital, and mobilising private sector funding, ...

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Shareholders urge FG on ease of land acquisition process, fees

shareholders

In a renewed move to attract more real estate investors and encourage effective property documentation in the country, shareholders are seeking Federal Government’s intervention to ease land documentation process and fees charged on documentation. National Chairman, New Dimension Shareholders Association, NDSA, Mr. Patrick Ajudua, made the appeal at the just-concluded 12th Annual General Meeting of Infinity Trust Mortgage Bank, ITMB, ...

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Union Bank raises 50 billion capital to accelerate growth

Union Bank

Union Bank of Nigeria (UBN) Plc anticipates improved performance in its business as it begins to deploy about N50 billion new capital raised recently from its shareholders. Chief Executive Officer, Union Bank of Nigeria (UBN) Plc, Mr. Emeka Emuwa, said the net proceeds from the rights issue, which was oversubscribed by 20 per cent, would accelerate the pace of doing ...

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Afriland Properties to distribute 125m shares to shareholders

Investors holding back on the Nigerian property market despite opportunities

The Nation reports that the Board of Directors of Afriland Properties Plc has recommended distribution of about 124.9 million ordinary shares of 50 kobo each to shareholders of the company as bonus shares for the immediate past business year. Shareholders in the book of the company as at the close of business on Tuesday, March 7, 2017 will receive one ...

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