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Business News

Access Bank’s shareholders to get N9 billion interim dividend

Access Bank Plc has declared an interim dividend of 25 kobo per every share of 50 kobo, for the financial period ended Sunday, June 30, 2019.

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Access Bank Plc, Nigeria's Creative Industry needs urgent financing from commercial banks to bridge unemployment gaps - Herbert Wigwe

Access Bank Plc has declared an interim dividend of 25 kobo per every share of 50 kobo, for the financial period ended Sunday, June 30, 2019. The declared dividend is each on the 35,545,225,622 issued ordinary shares, amounting to N9 billion.

The dividend will on Thursday, October 3, 2019, be paid electronically to shareholders whose names appear on the Register of Members as at Monday, September 23, 2019, and to those who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

While the Register of Shareholders will be closed on Tuesday, September 24, 2019, Qualification Date has been scheduled for Monday, September 23, 2019.

Access Bank’s financial results: The bank’s gross earnings for the half-year 2019 period stood at N324.3 billion, compared to N253 billion recorded in 2018, representing a 28.1% increase.

[READ ALSO: Broadband penetration: Nigeria exceeds 30% target]

Profit Before Tax: This increased by 61.6% to N74.1 billion during the period under review, compared to N45.8 billion recorded in June 2018.

Profit After Tax: Similarly, the bank’s profit after tax stood at N63 billion as against N39.6 billion recorded in the same period in June 2018, representing a 59% increase.

Earnings Per Share (EPS) grew to N1.94K, up from N1.38K in the comparable period in 2018.

Deal book 300 x 250

Understanding dividend: A dividend is a payment made by a company to its shareholders, usually as a distribution of profits. When a company earns a profit or surplus, it reinvests a portion of the profit in the business (retained earnings) whilst paying a portion as dividends to the shareholders.

What you should know: An interim dividend is a type of dividend that is declared and distributed by a company to its shareholders prior to the determination of final profit position for the financial year. Before interim dividends are paid, the company’s financial statements will also be audited.

[READ ALSO: Stanbic IBTC declares N10.4 billion interim dividend]

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ).Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

3 Comments

3 Comments

  1. Adejumobi John Olalekan

    April 10, 2020 at 2:31 pm

    Comment: I do not know what has happened to my Right Issues of Access Bank Plc of year 2015. Because up till now that units bought is not being added to my previous units that I have. Thanks

  2. Obodo paul

    December 3, 2020 at 2:28 am

    Has Access bank declared their 2020 dividend

  3. Obodo paul

    December 3, 2020 at 2:38 am

    And also I have an on declaimed dividend for some years ago, because I left Lagos
    Pls how can I claim my dividend for those years

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Corporate Press Releases

NSE to commemorate IWD 2021, host 7th Annual Ring the Bell for Gender Equality

NSE will join securities exchanges all over the world to commemorate International Women’s Day 2021.

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NSE prepares to launch West Africa’s first Exchange-traded derivatives

The Nigerian Stock Exchange (NSE or The Exchange) will join securities exchanges all over the world to commemorate International Women’s Day 2021 and host its 7th Annual Ring the Bell for Gender Equality on Monday, 8 March 2021.

In collaboration with Sustainable Stock Exchanges (SSE) Initiative, United Nations (UN) Women, United Nations Global Compact (UNGC) and International Finance Corporation (IFC), the event will hold virtually building on the global theme, #ChooseToChallenge and will culminate in a digital Closing Gong Ceremony. Members of the stockbroking community, analysts, regulators, media and other interested participants can register via the link: http://bit.ly/nse-iwd-2021

Consistent with The Exchange’s objectives to accelerate progress and impact on the advancement of women across all spheres of life, the event will feature discussions that highlight the business case to challenge the norm. Confirmed speakers at the event include, Otunba Abimbola Ogunbanjo, President, National Council, NSE; Mrs. Catherine Nwakaego Echeozo, 2nd Vice President, National Council, NSE; Mrs. Fatimah Bintah Bello–Ismail, Ordinary Member, National Council, NSE; Mrs. Erelu Angela Adebayo, Ordinary Member, National Council, NSE; Mrs. Opunimi Akinkugbe, Founder, Director, Bestman Games; Mr. Oscar N. Onyema, OON, Chief Executive Officer (CEO), NSE; Ms. Tinuade Awe, Executive Director, Regulation, NSE; Mr. Bola Adeeko, Divisional Head, Shared Services, NSE; Mr. Kevin Njiraini, Regional Director, Southern Africa & Nigeria, International Finance Corporation (IFC).

Others are Mrs. Oluwasoromidayo George, Chairperson, United Nations Global Compact (UNGC) Network Nigeria; Mr. Lansana Wonneh, United Nations (UN) Women Deputy Representative, Nigeria and ECOWAS; Mr. Patrick Akinwuntan, Managing Director/Regional Executive, Ecobank Nigeria; Ms. Ivana Osagie, Founder, Professional Women Roundtable (PWR); and Ms. Eme Esien Lore, Nigeria Country Manager, IFC.

The webinar will also feature a special focus on the peer-to-peer learning programme under the Nigeria2Equal programme, a three-year project towards which the IFC will collaborate with the NSE to reduce employment and entrepreneurship gaps in Nigeria through the private sector.

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Coronavirus

COVID-19: Dr Cyprian Ngon is first Nigerian to receive vaccine

Dr Cyprian Ngon has made history by becoming the first Nigeria to receive the COVID-19 vaccine in Nigeria.

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Dr Cyprian Ngon has made history by becoming the first Nigeria to receive the COVID-19 vaccine in Nigeria.

Dr Ngon led the first set of health workers including Nurse Faith E. Eragbai, Dr. Nuru Joseph and Dr. Thairu Yunusa to receive the vaccine at the flag-off ceremony for COVID-19 vaccination in Nigeria, which held on Friday, March 5, 2021 at the National Hospital Abuja.

Present at the ceremony is a host of dignitaries including; the Secretary to the Government of the Federation and Chairman, Presidential Task Force (PTF) on COVID-19, Mr Boss Mustapha, Director-General of the National Primary Health Care Development Agency (NPHCDA), Dr. Faisal Shuaib.

In case you missed it

  • The first batch of the COVAX Astrazeneca/Oxford vaccines arrived in Nigeria on Tuesday, March 2021 via the Nnamdi Azikiwe International Airport in Abuja.
  • Nairametrics reported that the Federal Government announced the President Muhammadu Buhari and Vice-President Yemi Osinbajo will receive shots of AstraZeneca/Oxford COVID-19 vaccines on Saturday to demonstrate vaccine safety to the public.
  • Last month during a PTF COVID-19 briefing Dr Faisal revealed plans by the National Primary Health Care Development Agency (NPHCDA) to vaccinate 109 million Nigerians in 2 years.

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