Monetary Products and services
The directors could even imagine a proposal to pay an intervening time dividend to shareholders.
1 day prior to now
July 9, 2020
Stanbic IBTC Holdings Plc launched earlier on the present time that its board of directors will meet on Wednesday, July 29, as part of preparations against the start of the corporate’s consolidated and separate audited financial statements for half of-300 and sixty five days 2020. The directors could even imagine a proposal to pay the corporate’s shareholders an intervening time dividend.
A assertion issued by the Stanbic IBTC to the Nigerian Inventory Exchange (NSE) mighty that the scheduled board meeting is in tandem with pointers contained in part 1.2 of the NSE’s principles e book.
For the time being, the financial institution Withhold-Co has already commenced staring at its closed length sooner than the start of the half of-300 and sixty five days financial statements. Particularly, Stanbic IBTC began staring at its closed length on June 1st, 2020, the implication being that every and each insiders and their relatives hang been prohibited from buying and selling the corporate’s shares for a pair of month now.
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Sign that the Stanbic IBTC’s closed length will continue until the half of-300 and sixty five days financial statements are launched. Allotment of the assertion which was once signed by Chidi Okezie (Firm Secretary), mentioned:
“In step with the provisions of Allotment 1.2 of the Solutions of The Nigerian Inventory Exchange (The NSE) touching on to Board Conferences and Unheard of Conferences of Issuers, we would clutch to remark The NSE and our Shareholders, that a gathering of the Board of Directors of Stanbic IBTC Holdings PLC (the Firm) is scheduled to attend on Wednesday 29 July 2020 at 1: 00 pm. The meeting will focus on amongst completely different items, the Firm’s Consolidated and Separate Audited Monetary Statements for the Half-300 and sixty five days ended 30 June 2020 besides to a proposed intervening time dividend.
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“In watch of the above, the closed length for the start of half of-300 and sixty five days results, which commenced on Monday, 01 June 2020 will continue to be in fabricate until the start of the Firm’s Half-300 and sixty five days audited financial statements.”
Recall that the final earnings file that was once launched by Stanbic IBTC Holdings Plc was once for Q1 2020. The unaudited file confirmed that noxious earnings stood at N61.4 billion as against N58.7 billion in Q1 2019, although pastime profits for the length declined by 12% 300 and sixty five days on 300 and sixty five days to N27.5 billion. In the period in-between, revenue for the length stood at N20.6 billion, an execute better when when in contrast with N19.2 billion in Q1 2019.
Stanbic IBTC Holdings’ portion designate closed at N30.25 on the high of on the present time’s buying and selling session on the Nigerian Inventory Exchange. Year up to now, the stock has declined by on the subject of -20%.
Monetary Products and services
Union Bank reported a revenue after tax of N6 billion in Q1 2020.
2 days prior to now
July 8, 2020
Union Bank of Nigeria Plc has informed the Nigerian Inventory Exchange (NSE) and completely different stakeholders about the graduation of its closed length, that can open on the present time and final until 24 hours after the corporate’s H1 2020 unaudited financials are at final made on hand to the general public.
A public disclosure that was once sent to the NSE also notified stakeholders that Union Bank’s board of directors are scheme to fulfill on Thursday, July 23rd, 2020 to deliberate on and approve the half of-300 and sixty five days financial statements.
In the period in-between, in watch of the closed length, therefore, all directors and workers of the financial institution, besides to all completely different insiders, will probably be prohibited from buying and promoting the financial institution’s shares on the NSE. Right here’s in compliance with the rule of thumb e book of the Nigerian bourse.
The assertion by Union Bank mentioned:
“In compliance with the NSE Rule Book and the Amendments to the Itemizing Solutions, Union Bank of Nigeria Plc (“the Bank”) hereby notifies The Nigerian Inventory Exchange (“The Exchange”) and our esteemed stakeholders that the Board of Directors of Union Bank of Nigeria Plc (“the Board”) is scheduled to approve the Unaudited Monetary Statements for the half of-300 and sixty five days length ended 30th June 2020 on Thursday, 23rd July 2020.
“Which potential, there will probably be a closed length in appreciate of which no insider of Union Bank of Nigeria Plc can even just bewitch and or promote shares of the Bank from eighth July 2020 to twenty-four (24) hours after the filing of the Unaudited Monetary Statements with The Exchange.”
Recall that Union Bank launched its Q1 2020 financial assertion attend in April this 300 and sixty five days, reporting noxious earnings of N43.9 billion for the length; a 16.5% execute better from N37.6 billion reported in Q1 2019. In the same vein, revenue after tax from continued operations also increased from N4.9 billion in Q1 2019 to N6 billion in Q1 2020.
Union Bank’s stock closed the old day’s buying and selling session on the Nigerian Inventory Exchange at a portion designate of N5.45. Year up to now, the stock has received by roughly about 10%.
Monetary Products and services
Stirling Belief Firm Restricted specialises in financial services, funding, logistics & human capital management services.
3 days prior to now
July 8, 2020
The Central Bank of Nigeria (CBN) has current Stirling Belief Firm Restricted’s expose to open money-in-transit operations in the country.
The approval, which grew to develop to be efficient in April this 300 and sixty five days, was once lawful no longer too prolonged prior to now launched by the apex financial institution in a circular that was once signed by the Director of Foreign money Operations Division, Ahmed B Umar, and addressed to all deposit money banks besides to all licensed CITs and CPCs in the country.
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The circular also inspired all respective stakeholders to “lend a hand” Stirling Belief Firm Restricted in the discharge of their novel accountability. The circular mentioned:
“Please study that Stirling Belief Firm Restricted has been granted approval by the Central Bank of Nigeria (CBN) to open Cash-in-Transit operations in Nigeria with fabricate from April 23, 2020.
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“kindly accord Stirling Belief Firm Restricted all mandatory support in the discharge of their capabilities as Cash-in-Transit provider supplier.”
Stirling Belief Firm Restricted, which is a Lagos-based completely company included in 1989, specialises in financial services, funding, logistics & human capital management services. Following its most as a lot as date license, the corporate will now utilise its cutting-edge armored autos (bullion autos) to transport money during the country. Already, Stirling Belief Firm Restricted has a distinguished list of clientele which encompass First Bank of Nigeria Restricted.
It want to be mighty that money-in-transit operation is terribly distinguished to the Nigerian economy, as money desires to be constantly moved around in issue to attend the economy working.