Stock Market: 52.5% of firms failed to pay dividend in 2019

Greenwich NSE, Dangote lauds Buhari over Economic Advisory Council Africa’s richest man and President of Dangote Industries Limited, Alhaji Aliko Dangote, has lauded the President Muhammadu Buhari over the formation of the Economic Advisory Council (EAC). Dangote commended the president for constituting a council that will advise him on the nation’s economic growth and overall development. He said the move was a proactive one capable of elevating Nigeria’s economy to greater heights. Speaking during the inauguration of the new secretariat of the Chemical and Non-Metallic Products Employers Federation, the billionaire urged the Federal Government to take advantage of the rare opportunity to strengthen the economy and put the country on the path of growth, job creation and competitiveness. https://punchng.com/dangote-hails-buharis-economic-advisory-council/ Dangote also hailed the members of the council calling them tested and respected patriots. According to him, they were independent and ever willing to put the country’s interest first and ahead of themselves. Recall that Nairametrics reported that President Muhammadu Buhari constituted an Economic Advisory Council (EAC) that was disclosed in a press release signed by the Special Adviser to the President on Media and publicity, Femi Adesina. https://nairametrics.com/2019/09/16/breaking-buhari-constitutes-new-economic-advisory-council-as-soludo-rewane-make-list/ Those who made the list are Prof Doyin Salami as the chairman, Dr Mohammed Sagagi as Vice-Chairman of the Council and Dr Mohammed Adaya Salisu as the Secretary. Other members are Prof Ode Ojowu, Dr Shehu Yahaya, Dr Iyabo Masha, Prof Chukwuma Soludo, and Mr Bismark Rewane. What you should know: The advisory council will replace the current Economic Management Team (EMT) and will be reporting directly to the President. The Economic Advisory Council will be tasked to advise the President on economic policy matters, including fiscal analysis, economic growth and a range of internal and global economic issues working with the relevant cabinet members and heads of monetary and fiscal agencies. Similarly, the team will have monthly technical sessions as well as scheduled quarterly meetings with the President. However, the Chairman may request unscheduled meetings if the need arises.

Eighty-seven, out of the 170 quoted companies on the Nigerian Stock Exchange failed to pay dividends to their shareholders in 2019.

‘NDIC safeguarded N949.6 billion depositors’ funds from Skye Bank’

by Bamidele Samuel Adesoji

August 2, 2019

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The Nigeria Deposit Insurance Corporation (NDIC) has revealed it safeguarded N949.6 billion depositors' funds during the resolution of the failed ...

SEC advises defunct Skye Bank shareholders to process unclaimed dividends

by Damilare Famuyiwa

July 1, 2019

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The Securities and Exchange Commission (SEC) has advised shareholders of defunct Skye Bank Plc that have unclaimed dividends to contact ...

EFCC ordered to release defunct Skye Bank’s ex-Chairman

by Emmanuel Abara Benson

February 19, 2019

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An Abuja federal high court has directed the EFCC, to immediately release detained Tunde Ayeni, the former Chairman to the ...

Why ex-Skye Bank officials may bag jail term

by Damilare Famuyiwa

December 18, 2018

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Court admits ex-Skye Bank Chairman, MD to bail

EFCC may file charges against Tunde Ayeni next week

by Onome Ohwovoriole

December 12, 2018

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Former chairman of the defunct Skye Bank, Tunde Ayeni was reportedly quizzed by the Economic and Financial Crimes Commission (EFCC) ...

REVEALED: How bad management played a part in Skye Bank’s failure

by Emmanuel Abara Benson

November 13, 2018

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NDIC revealed that bad management played a part in the eventual failure of Skye Bank Plc.

A tale of two billionaires: A birthday and A court case

Shebah, Orjiakor ordered to pay three banks $144.2 million

by Damilare Famuyiwa

October 15, 2018

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African Export-Import Bank, Diamond Bank Plc and Skye Bank Plc to recover $144.2 million debts.

Garu Microfinance Bank loses operating license

by Damilare Famuyiwa

October 11, 2018

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Bauchi microfinance bank loses operating license over shareholders' inability to recapitalise

Tokunbo-Abiru Group Managing Director, Polaris Bank Limited

Polaris Bank set to compete with leading Nigerian banks

by Damilare Famuyiwa

October 8, 2018

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Polaris Bank continues implementation of July 2016 regulatory intervention.

Tag: Skye Bank Plc