Business News
May & Baker announces dividend payment
The Management and Board of May & Baker Plc, today, announced dividend payment of 20 kobo per 50 kobo share.
The Management and Board of May & Baker Nigeria Plc, today, announced dividend payment of 20 kobo per 50 kobo share.
According to a disclosure issued to the Nigerian Stock Exchange, the payment will be subject to shareholders’ approval and appropriate withholding tax.
Important notice to shareholders
Qualification to receive dividend – Only shareholders whose names appear in the Register of Members as at Friday April 19th, will receive dividend payment. In the meantime, the Register of Shareholders will be closed from 22nd – 26th Mav, 2019.
Payment date – The disclosure from May & Baker Plc went further to state that dividends will be paid electronically to shareholders on the 3rd of June, 2019. But this is on the proviso that their names appear on the Register of Members on the date stated above.
Also, shareholders who wish to receive their dividends on June 3rd must have completed their e-dividend registration and authorised their Registrars to pay their dividends directly to their bank accounts.
Note that the company’s Registrar is Veritas Registrars Limited. They are located at Plot 89A Ajose Adeogun Stree, Victoria Island, Lagos.
E-dividend registration
Shareholders advised to complete e-dividend registration – May & Baker Plc has also advised its shareholders, who are yet to complete their e-dividend registration, to do so.
“Shareholders who are yet to complete the e-dividend registration are advised to
download the Registrar’s E-Dividend Mandate Activation Form, which is also
available on the website of the Registrars: www.veritasregistrars.com, complete
and submit to the Registrar or their respective banks.”
Meantime, the company has made good its promise
Recall that May & Baker Plc had, in December last year, stated that it could pay dividends to its shareholders despite the difficulty it had experienced during the 2018 financial year. As we reported, the company said it possessed the financial capacity to so. It also noted that any dividend payment would be subject to certain approvals.
The company’s FY 2018 financial report
May & Baker Plc is a leading pharmaceutical company which reported a revenue of N8.5 billion for full-year 2018. Profit after tax for the period stood at N585.2 million.
The company’s share price is currently trading at N2.30 on the Nigerian Stock Exchange.
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Coronavirus
COVID-19 Update in Nigeria
On the 2nd of March 2021, 479 new confirmed cases and 8 deaths were recorded in Nigeria
The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 156,496 confirmed cases.
On the 2nd of March 2021, 479 new confirmed cases and 8 deaths were recorded in Nigeria.
To date, 156,496 cases have been confirmed, 134,551 cases have been discharged and 1,923 deaths have been recorded in 36 states and the Federal Capital Territory.
A total of 1.54 million tests have been carried out as of March 2nd, 2021 compared to 1.49 million tests a day earlier.
COVID-19 Case Updates- 2nd March 2021,
- Total Number of Cases – 156,496
- Total Number Discharged – 135,136
- Total Deaths – 1,923
- Total Tests Carried out – 1,544,008
According to the NCDC, the 479 new cases are reported from 22 states- Lagos (153), Enugu (75), Rivers (50), FCT (40), Kaduna (18), Ebonyi (17), Plateau (17), Edo (17), Borno (16), Oyo (12) Kano (11), Abia (10), Cross River (10), Taraba (9), Nasarawa (7), Bauchi (4), Bayelsa (3), Delta (3), Ekiti (2), Niger (2), Ogun (2) and Akwa Ibom (1).
Meanwhile, the latest numbers bring Lagos state total confirmed cases to 56,001, followed by Abuja (19,274), Plateau (8,911), Kaduna (8,531), Oyo (6,746), Rivers (6,544), Edo (4,607), Ogun (4,398), Kano (3,764), Ondo (2,983), Kwara (2,931), Delta (2,576), Osun (2,433), Nasarawa (2,234), Enugu (2,078), Gombe (2,051), Katsina (2,030), Ebonyi (1,881), Anambra (1,726), and Abia (1,530).
Akwa Ibom has recorded 1,519 cases, Imo (1,497), Borno (1,292), Bauchi (1,232), Benue (1,188), Niger (917), Taraba (813), Ekiti (804), Bayelsa (772), Sokoto (769), Adamawa (762), Jigawa (496), Kebbi (377), Cross River (334), Yobe (268), Zamfara (219), while Kogi state has recorded 5 cases only.
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Lock Down and Curfew
In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.
The movement restriction, which was extended by another two weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.
On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.
On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.
Governor Babajide Sanwo-Olu of Lagos State announced the closed down of the Eti-Osa Isolation Centre, with effect from Friday, 31st July 2020. He also mentioned that the Agidingbi Isolation Centre would also be closed and the patients relocated to a large capacity centre.
Due to the increased number of covid-19 cases in Nigeria, the Nigerian government ordered the reopening of Isolation and treatment centres in the country on Thursday, 10th December 2020.
On 26th January 2021, the Federal Government announced the extension of the guidelines of phase 3 of the eased lockdown by one month following the rising cases of the coronavirus disease in the country and the expiration of phase 3 of the eased lockdown.
On 28th February 2021, the federal government confirmed that the first tranche of Covid-19 vaccines will arrive in Nigeria on Tuesday, March 2nd, 2021.
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