Archive for March 18th, 2008

Dangote Sugar Gives 1 – 5 Bonus Issues

March 18, 2008

Dangote Sugar Refinery (DSR) has proved its resolve to continue to improve on its value creation for shareholders as the company yesterday announced its intension to give investors bonus issue of 1 new share for every 5 previously held by them, even as the company’s post tax profit rose mildly by 28.94 per cent.
In addition [...]

Blue Enters Nigeria Financial Market

March 18, 2008

Johannesburg Stock Exchange-listed Blue Financial Services (Blue) and Nigeria’s largest bank, Intercontinental Bank (ICB), have joined forces to introduce micro-financing services and products into Nigeria’s retail market.
A new company, Blue Intercontinental Micro Finance Bank (BIMFB), is being established to market, distribute and sell the products. A statement from the company stated that product rollout would [...]