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Companies

NSE launches Investors Relations Data Pack to enhance issuers’ stakeholders engagement

@nsenigeria has launched its Investor Relations Data Pack to enhance issuers’ stakeholders engagement.

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NSE records 18.18% decline in banks' market capitalisation

The Nigerian Stock Exchange (“NSE” or Exchange) is pleased to announce the launch of the NSE Investor Relations (IR) Data Pack, an innovative and dynamic webpage integrated with key market data, corporate news and disclosures for corporate issuers.

NSE Investor Relations Data Pack is designed to reduce the burden on issuers, by providing them with an intuitive investor relations webpage which can easily be integrated to their existing corporate websites.

Stock market manipulation, Nigerian Stock Exchange,Oscar Onyema, NSE

Oscar Onyema, CEO, Nigerian Stock Exchange

Hosted in the cloud, it features enhanced interactive functionalities with 99.5 per cent uptime. The IR Data Pack was created with an easy-to-use, secure, and customizable interface to boost access and adoption.

Commenting on the launch of IR Data Pack, Mr Jude Chiemeka, Head, Trading Business, NSE, noted that “NSE Investor Relations Data Pack is a necessary tool required by issuers to improve their engagement with investors.

“We came up with the IR program to provide value-added service to our issuers and make their daily market statistics available to investors in a real-time. It is a tool that will enhance their communication and outreach strategy to investors, analysts and other stakeholders”.

“As an Exchange, we remain committed to bridging the information gap between the Exchange and market participants, knowing that the stock market thrives on information. The delivery of the IR Data Pack and associated services is an essential building block in The Exchange’s strategy as it seeks to improve market participation and transparency, and facilitate informed investment decision making”, Mr. Chiemeka added.

[READ ALSO: NSE Donates N20 million to Support Cancer Causes Across Nigeria]

Deal book 300 x 250

On his part, Mr Oscar N. Onyema, OON, Chief Executive Officer, NSE, said, “We are delighted to provide a solution that enables adequate exposure to capital market information. Issuers can now drive a more robust market interaction on their corporate websites and potentially position themselves to attract more investors.

NSE is committed to building a market that thrives on innovation, and we will continuously adopt new technologies in providing customer-centric solutions to make financial services more inclusive whilst providing a superior customer experience in accessing and using capital.

Through the use of cutting-edge technologies, we are decentralizing business collaborations, which will allow global scale and transformation of not just The Exchange’s business but that of NSE listed companies, in line with global digitalization trends”.

NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.

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Companies

Africa Prudential proposes dividend of N1 billion for shareholders

Africa Prudential Plc has proposed a sum of N1 billion as dividend for shareholders.

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African Prudential could be worth more than N4.55

The Board of Directors of Africa Prudential Plc has proposed a sum of N1 billion as dividend to shareholders for the period ended 31st of December 2020.

This is according to a disclosure signed by the firm’s secretary, Joseph Jibunoh and sent to the Nigerian Stock Exchange, as seen by Nairametrics.

According to the notification, the proposed dividend will be paid electronically to qualified shareholders on the 26th of March, 2021, subject to appropriate withholding tax and approval from the company’s Annual General Meeting (AGM) scheduled a day earlier.

The breakdown of the proposed dividend shows that a sum of 50 kobo will be paid for each outstanding 2,000,000,000 ordinary shares of the company, held by its shareholders, totalling N1 billion. The proposed dividend is 28.6% lower than the 2019 figures of N1.4 billion.

The comparative decline in the company’s proposed dividend for the year might be attributed to a recent dip in profit and other key metrics recorded by the firm in its latest audited financial statement for 2020. For example, the firm posted a profit of N1.45 billion for the year, indicating a decline of 13.98% YoY. In addition, its earnings per share declined by 14.29% to print at 72 kobo.

What you should know

  • Africa Prudential had recently announced the appointment of Mrs Zubaida Rasheed as Director.
  • Africa Prudential Plc, formerly known as UBA Registrars Ltd, was incorporated as a private limited liability company on 23rd March 2006. It was listed in the NSE on 17th of January, 2013.

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Companies

Dangote Sugar proposes N18.2 billion as final dividend for 2020

Dangote Sugar Refinery Plc has proposed a sum of N18.2 billion as the final dividend for shareholders.

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Dangote Sugar proposes N18.2 billion as final dividend for 2020

The Board of Directors of Nigeria, Dangote Sugar Refinery Plc has proposed a sum of N18.2 billion as the final dividend for shareholders for the period ended 31st December 2020.

This announcement was contained in the audited financial statement of the leading integrated sugar company.

In line with the statement of the Board of DSR, the approval of this proposed dividend at the forthcoming Annual General Meeting will see Dangote Sugar pay out a final dividend of N1.50 for each of the outstanding 12,146,878,241 ordinary shares of the company, held by its shareholders.

The proposed dividend is 36.36% higher than the final dividend of N1.1 per share (N13.36 billion) the sugar company paid its shareholders in 2019.

What you should know

  • Dangote Sugar Refinery declared in its audited statement for the period ended 31st December 2020 that its profit for the year climbed to N29.8 billion, from N22.4 billion in 2019.
  • According to these figures, DSR’s earnings per share for 2020 are pegged at N2.45. Hence, with a dividend of N1.50 per share, Dangote Sugar is set to payout 61.2% of its profits for 2020.
  • At the close of trading activities on the floor of the Nigerian Stock Exchange today, shares in Dangote Sugar Refinery declined by 0.83% to close lower at N17.85.
  • At this price, the dividend yield of Dangote Sugar shares is 8.40%.

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