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Nigerian Breweries Okays N2.40 Dividends

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14 years ago

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Nigeria Breweries Plc is to pay its shareholders a second and final dividends for the year business which was concluded on December 31, 2010.

Nigerian Breweries, in a talk with the Nigerian Stock Exchange (NSE), said was  the second and final dividend for the last year business. The company had during the year of business, paid an interim dividend of N1.50 for every N0.50 share held by it’s shareholders.

The company stated that it had recommended a dividend of N1.25 per share as a final dividend, Inline with this proposed payment, which sums upto N2.40  total dividend for the shareholders for last year.

The stated further company that the date for the closure of registeration of members is March 17, 2011 while payment date is due for May 19, 2011.

Furthermore, the continuous heavy selling that generalised the activities at the capital market for most of the last week came out in heavy losses as market major indicators ended last week in the red. Monday the down-ward movement of indicators resumed.

The main activity measuring indicators, NSE-30 while three out of the four sectoral  indicators recorded losses.

All-share index (ASI) had a further decline of 164.34 basis points from it’s opening position for the week that sticked at 26,181.18 came-out lower at 26,016.84, with 164.34 points counted as a loss.

Blue chip companies in the market, went down from 1,148.12, it’s opening position at the starting of the week to end Monday at 1,138.79, diminishing by 9.33 points which was measured by the NSE 30 index of it’s activities.

The Banking sub-sector, loss 4.30 points, from 428.50, and close at 424.20, while investors exchanged a total of 444.746 million shares worth N2.4 billion in 6,327 deals.

The sub-sector was driven mainly by activities in share of Intercontinental Bank Plc, Zenith Bank Plc, First Bank of Nigeria Plc and FinBank Plc, accounted for 141 million shares.

Some activities boosted like; Continental Reinsurance Plc, AIICO Insurance Company plc and Intercontinental WAPIC nsurance.

The market capitalisation of the 201 first-tier quoted companies decreased to N8.315 trillion from N8.368 trillion recorded as at the close of trading on Friday last week.

NSE Insurance index depreciated by 0.29 points to close at 184.85, down from 185.13. Last week, while NSE Food/Beverages indicator depreciated by the day at 871.84, down from 831.34. NSE Oil/Cas close yesterday flat at 346.89 as at Friday.

Finally, 54 stocks recorded share price change, with positive side 16 and 38 on the negative side, with rest unchanged.

Four banks were listed. Skye Bank, Wema Bank, First Bank and Diamond Bank, on the positive price change table. Other gainer’s chart were: CAP Plc, International Breweries Plc, Nigerian Breweries Plc, Champion Breweries Plc and Fidson Healthcare Plc, among others.

Loser’s chart Monday featured 14 banking stocks of the 38. FCMB, Zenith Bank, Union Bank, Guaranty Bank Plc, among others. Other market heavyweight, depreciated and pushed down the  market, such like, Dangote Sugar Plc, Dangote Flour Plc, Lafarage WAPCO Cement Plc, JAPAUL Oil and Maritime Services Plc and the rest market heavyweight.

Major stocks on the trading floor of Nigerian Stock Exchange (NSE) Monday and the quality traded; JAPAUL Oil $ Maritime Services Plc, 77.066 million share worth N146.226 million exchanged in 53 trades.

In bank sector, Intercontinental Bank Plc had 71.948 million of it’s shares exchanged in 356 deals for a value of N161.094 million. Fidson Healthcare had 41.857 million of it’s share traded valued at N99.220 million Zenith Bank, First Inland Bank, First Bank and Wema Bank had 26.978 million shares, 23.229 million, 19.703 million and 16.078 million shares exchanged.

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NPA Assures On Staff Welfare 

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2 weeks ago

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June 27, 2025

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The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has said the management will continue to accompany its port infrastructure  and equipment  modernization drive  with the development of the welfare of its personnel.
Dantsoho made the disclosure recently while responding to the commendation by the Maritime Workers Union (MWUN) and the senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC) on the  clearing  of the age-long problem of employee stagnation, when the union paid him a courtesy visit at the Authority’s headquarters in Lagos.
A Statement by NPA’s General Manager Corporate & Strategic Communications, Mr. Ikechukwu Onyemekara, quoted Dantsoho as saying,  “our Port infrastructure and equipment modernization drive will go hand-in-hand with continuous staff welfare improvement”.
The NPA MD disclosed that human capital development constitutes the key strategy for creating and sustaining superior performance under his watch, adding that “talent development constitutes a critical success factor for the actualization of the big hairy audacious goals we have set for ourselves especially in the area of Port competitiveness.
“The only way we can meet and indeed exceed stakeholders’ expectations is to deepen the competencies of our human resources assets and boosting their morale.”
Speaking further, Dantsoho commended the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, for approving the strategic proposal of the Dantsoho-led Management team that solved the over a decade-long problem of lack of promotion that had fuelled industrial disharmony.
“I must specially appreciate our amiable Minister for graciously approving the multi-pronged stratagem we deployed that cleared all outstanding cases of employee stagnation by conducting examinations in one fell swoop and instituted timelines to forestall a recurrence of such anomaly”, he sad.
Speaking on behalf of the joint maritime labour unions, the President  of Senior Staff Association of Statutory Corporations & Government-Owned Companies (SSASCGOC), Comrade Bodunde stated, “In addition to clearance of the backlog of stagnated promotions, we also wish to express our appreciation for the increase in productivity bonuses, provision of end-of-year welfare packages for staff, and the revision of the Financial Guide to the Condition of Service, which now addresses our members’ concerns about inflationary pressures.”
Nkpemenyie Mcdominic, Lagos
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ANLCA Chieftain Emerges FELCBA’s VP

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2 weeks ago

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June 27, 2025

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National Secretary of the Association of Nigerian Licensed Customs Agents (ANLCA), Elder Olumide Fakanlu, has been elected Vice President of the Federation of ECOWAS Licensed Customs Brokers Association (FELCBA).
The election took place during the FELCBA Congress, held from Tuesday, June 17th to Thursday, June 19th, 2025, in Freetown, Sierra Leone.
Fakanlu’s emergence as Vice President marks a significant achievement for Nigeria within the regional customs brokerage community.
Apart from Fakanlu, Secretary of the Seme Chapter of ANLCA, Austin Nwosu, was also elected, securing the role of Secretary of Relations with Institutions.
The Nigerian delegation played an active role in the congress, with Michael Ebeatu nominated as a member of the electoral officer team, ensuring a fair and transparent election process.
The three-day congress concluded with delegates undertaking a visit to the Sierra Leone Port, offering insights into the host nation’s maritime operations, followed by a recreational trip to the Tokeh Beach.
The newly elected executives are expected to lead FELCBA in its efforts to harmonize customs brokerage practices, promote trade facilitation, and advocate for the interests of licensed customs brokers across the ECOWAS sub-region.
Nkpemenyie Mcdominic, Lagos
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NSC, Police Boost Partnership On Port Enforcement 

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2 weeks ago

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June 27, 2025

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In a bid to enhance more enforcement in the nation’s Port, the Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to stronger inter-agency collaboration with the Nigeria Police Force (NPF).
The Council said the collaboration is aimed at enhancing stronger enforcement, compliance and improve operational efficiency across Nigeria’s ports.
Executive Secretary/Chief Executive Officer of  NSC, Dr. Pius Akutah, made this known during a visit to the  Inspector-General of Police, Dr. Kayode Adeolu Egbetokun, at the Force Headquarters, Abuja.
The visit, which he said, focused on strengthening institutional synergy, comes in the wake of growing responsibilities for the NSC under the newly created Ministry of Marine and Blue Economy.
Akutah emphasized the critical role of security agencies in supporting port operations and ensuring regulatory compliance.
He called for the posting of police officers to assist the Council’s monitoring and enforcement teams at key port locations including Lagos, Warri, Onne, Port Harcourt, and Calabar.
“The posting will complement the activities of our revived task teams and enhance our ability to enforce standards across the maritime logistics chain”, he said.
Earlier, the Inspector-General of Police, Dr. Egbetokun, assured the Council of the Force’s readiness to continue supporting the growth of the maritime sector.
The IGP acknowledged that compliance enforcement is essential to the successful implementation of Nigeria’s Blue Economy objectives.
“The NSC and NPF are expected to deepen collaboration in the months ahead, with a shared focus on building a secure, efficient, and competitive port environment”, to the IGP emphasized.
Chinedu Wosu
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