DECLARATION OF INTERIM DIVIDEND
The Board of Directors of Nigerian Breweries Plc is pleased to inform the
Company’s shareholders and the general public of the declaration of an Interim
Dividend in the sum of N9.5 billion, that is, N1.25 (one naira twenty five kobo) per
ordinary share of 50 kobo in the share capital of the Company.
The interim dividend is payable on Thursday, 20th November, 2014 out of the amount standing to the
credit of the Profit and Loss Account, to all shareholders registered in the books of
the Company at the close of business on Wednesday, 12th November, 2014.
The Interim Dividend shall be paid subject to the deduction of withholding tax at the
The Register of Members and Transfer Books will be closed from Thursday, 13th
November, 2014 to Wednesday, 19th November, 2014 (both dates inclusive) for the
preparation of an updated Register of Members.
Dated the 22nd day of October, 2014.
BY ORDER OF THE BOARD
Uaboi G. AGBEBAKU, Esq
Company Secretary/Legal Adviser
Abebe Village Road
NB PLC Daily Chart
Crude Oil Slide May Threaten CBN’s Bid to Prop Up the Naira
CBN Governor, Mr. Godwin Emefiele
By Obinna Chima with agency report
The effort by the Central Bank of Nigeria (CBN) to prop up the naira months before the 2015 elections is being threatened by the slide in crude
Insurance crucial to economic growth — SEC boss
By Favour Nnabugwu
Director-General of the Securities and Exchange Commission, SEC, Ms Arunma Oteh has described insurance as absolutely essential to the transformation of the Nigerian economy and the capital market.
This is even as Oteh applauded the transformation in the Nigerian insurance sector which she said has given the sector a face lift from what it was years back.
Fashola blasts banks over branch locations, unfair labour practices
Babatunde Raji Fashola
The Governor made these accusations at the investiture of the Chartered Institute of Bankers of Nigeria (CIBN).
Represented by the Commissioner for Economic Planning and Budget, Mr. Be Akabueze, Fashola called on banks to have a rethink in the way they pursue their business.
He said, “Oftentimes banks locate their branches in a place where they have not made provision for the customers to park. So their customers constitute a nuisance to other road users, by interfaring with traffic. And most ofter those branches are cited without obtaining physical planning approval. And when the bank has opened and staff have started working there, it then presents government with a dilemma, do you shut down the bank or just ensure their illegal action.
Crude Oil Slide May Threaten CBN’s Bid to Prop Up the Naira:
The effort by the Central Bank of Nigeria (CBN) to prop up the naira months before the 2015 elections is being threatened by the slide in crude oil prices.
The naira has come under intense pressure and has tumbled to within 0.3 per cent of a record low as Brent crude fell to the lowest level in more than four years, reported Bloomberg.
While some of the world’s biggest banks say the collapse in oil is just about over, further losses will force the Nigerian central bank to choose between raising interest rates, eroding foreign exchange reserves or, eventually, devaluing the currency, according to Exotix, a London-based investment bank.