Unilever Nigeria Applies to Raise N58.9bn Via Rights Issue

Unilever Nigeria Plc has formally applied to the Nigerian Stock Exchange (NSE) to raise about N58.851billion fresh capital through Rights Issue. In the application made through its stockbrokers, Stanbic IBTC Stockbrokers Limited, Unilever will be issuing 1,961,709,167 ordinary shares of 50 kobo each at N30.00 per share to shareholders on the basis of 14 new shares for every ordinary shares held.

If successfully raised, it will amount to N58.85 billion, which is lower than the N63 billion approved by the shareholders at the last annual general meeting (AGM) in Lagos.

The directors had proposed to shareholders at the AGM to approved that the authorised share capital of the company be increased to N5 billion (from N3.03 billion) by the creation of additional 3.95 billion new ordinary shares of 50 kobo and to raise up to N63 billion by way of Rights Issue, subject to obtaining regulatory approval.

The funds would be used to finance short term bank borrowings and enhance its operations among other reasons. Unilever Nigeria had increased its revenue by 17.8 per cent from N59 billion recorded in 2015 to N69 billion while Profit After Tax (PAT) jumped by 157 per cent from N1.19 billion in 2015 to N3.07 billion in 2016.

Addressing shareholders at the 92nd AGM, the Chairman of Unilever Nigeria, His Majesty Nnaemeka Achebe, theObi of Onitsha said that the company has once again demonstrated business resilience under very difficult circumstances. He asserted that the company’s performance showed its commitment to grant shareholders returns on their investments

“The company’s performance for the year ended 31 December 2016 showed sustained growth and resilience even under depressed economic conditions. Although Unilever Nigeria has not been insulated from the tough economic environment, we have remained focused on our short and long term growth ambitions with strong emphasis on operational intensity, cost efficiencies, growing market share across key categories as well as reinvesting behind our iconic brands,” he said.

He noted that even in this period of economic downturn, Unilever Nigeria is dogged about ensuring sustained and steady growth in the company’s operations to achieve improved returns on investments.

List of Dividends announced so far in 2017 (Updated July 24, 2017)

List of Dividends announced so far in 2017 (Updated July 24, 2017)
DPS Date Announced Bonus Closure of Register AGM Date Payment Date
Company DPS Date Announced Bonus Closure of Register AGM Date Payment Date
Stanbic IBTC Holdings Plc (2015 financial year) 5 Kobo January 3rd 2017 Nil 3rd January 2017 7th March 2017 9th March 2017
Neimeth Int’l Pharmaceuticals Plc Nil January 3rd 2017 1 for 10 31st January 2017 7th February 2017 N/A
Vitafoam Plc 12 Kobo January 3rd 2017 Nil 13th – 17thFebruary 2017 2nd March 2017 9th March 2017
Greif Nigeria Plc 60 Kobo January 31 2017 Nil 22nd – 24th March 2017 21st April 2017 5th May 2017
United Capital 50 kobo February 17 2017 Nil 3rd – 6th March 2017 17th March 2017 22nd March 2017
Nigerian Breweries 258 kobo February 20 2017 Nil 9th – 15th March 2017 3rd May 2017 4th May 2017
Transcorp Hotels Plc 40 kobo February 21 2017 Nil 8th March 2017 15th March 2017 16th March 2017
Africa Prudential 30 kobo February 23 2017 Nil 6th- 10th March 2016 28th March 2017 28th March 2017
Zenith Bank 177 Kobo Februar 27 2017 Nil 13th March 2017 22nd March 2017 23rd March 2017
Dangote Cement 850 kobo February 28 2017 Nil 15th – 19th May 2017 24th May 2017 26th May 2017
Nestle Nigeria 1000 kobo March 02 2017 Nil 8th – 12th May 2017 23rd May 2017 24th May 2017
Access Bank 40 kobo March 06 2017 Nil 14th March 2017 29th March 2017 29th March 2017
Guranty Trust Bank 175 kobo March 09 2017 Nil 29th March 2017 7th April 2017 7th April 2017?
Total Nigeria Plc 700 kobo March 17 2017 Nil 17th – 21st April 2017 9th June 2017 12th June 2017
Lafarge Africa Plc 105 kobo March 23 2017 Nil 23rd – 29th May 2017 ?7th June 2017 ?7th June 2017?
Custodian and Allied Plc 18 kobo March 27 2017 Nil 18th – 21st April 2017 3rd May 2017 3rd May 2017
MRS Oil Nigeria Plc 173 Kobo March 27 2017 Nil 26th – 30th June 2017 25th July 2017 26th July 2017
United Bank for Africa Plc 55 Kobo March 27 2017 Nil 3rd April 2017 7th April 2017 10th April 2017
GlaxoSmithKline Consumer Nig. Plc 30 Kobo March 29 2017 Nil 13th – 19th April 2017 28th April 2017 2nd May 2017
Unilever Nigeria Plc 10 Kobo March 29 2017 Nil 17th – 21st April 2017 11th May 2017 12th May 2017
FCMB Group Plc 10 Kobo March 29 2017 Nil 13th – 19th April 2017 28th April 2017 2nd May 2017
Dangote Sugar Refinery Plc 60 kobo April 6 2017 Nil 10th – 12th April 2017 27th April 2017 28th April 2017 – E-Dividend 2nd May 2017 – Dividend warrant
Stanbic IBTC Holdings Plc 5 kobo April 6 2017 Nil 4th April 2017 To be Adv?ised To be Advised
Pharma-Deko Plc 5 kobo April 6 2017 Nil 18th April 2017 4th May 2017 5th May 2017
UACN Plc 100 kobo April 6 2017 Nil 16TH – 19th May 2017 14th June 2017 15th June 2017
AIICO Insurance Plc 2 Kobo April 6 2017 Nil 8TH – 11th May 2017 18th May 2017 19th May 2017
Chemical and Allied Products Plc 220 Kobo April 6 2017 Nil 30th May – 5thJune 2017 13th June 2016 13th June 2017
Trans-Nationwide Express Plc 5 Kobo April 6 2017 Nil 3rd – 7th July 2017 13th July 2017 14th July 2017
AXA Mansard Insurance Plc 5 Kobo April 6 2017 Nil 3rd May 2017 19th May 2017 19th May 2017
Mobil Oil Nigeria Plc 800 kobo April 6 2017 Nil 28th April – 1stMay 2017 24th May 2017 31st May 2017
Beta Glass Plc 98 Kobo April 6 2017 Nil 12th  – 16th June 2017 To be Advised 30th June 2017
Infinity Trust Mortgage Bank Plc 3 Kobo April 6 2017 Nil 28th April 2017 8th May 2017 10th May 2017
NASCON Allied Industries Plc 70 Kobo April 6 2017 Nil 20th – 21st April 2017 4th May 2017 8th May 2017
B.O.C. Gases Plc 5 Kobo April 6 2017 Nil To be Advised To be Advised To be Advised
Learn Africa Plc 10 Kobo April 6 2017 Nil To be Advised To be Advised To be Advised
NEM Insurance Plc 8 Kobo April 6 2017 Nil To be Advised To be Advised To be Advised
Nigerian Aviation Handling Company Plc 22 Kobo April 6 2017 Nil 22nd – 26th May 2017 13th July 2017 13th July 2017
May and Baker 6 Kobo April 8 2017 Nil    24th – 28thApril 2017  1st June 2017 5th June 2017
Med-View Airline 3 Kobo April 7 2017 Nil 2nd – 5th May 2017 May 17th 2017 May 17th 2017
Fidelity Bank 14 Kobo April 10 2017 Nil 18th – 21st April 2017 May 4th 2017 May 4th 2017
Okomu oil 150 Kobo April 10 2017 Nil 16th – 19th May, 2017 23rd JUNE ,2017 27th JUNE ,2017
Regency Alliance 3 Kobo April 21 2017 Nil 24th – 28th April, 2017 25th May, 2017 26th May 2017
Presco Plc 150 Kobo April 21 2017 Nil To be Advised To be Advised To be Advised
Consolidated Hallmark Insurance Plc 2 kobo April 22 2017 Nil 2nd – 5th May 2017 11th May 2017 11th May 2017
Nestle Nigeria Plc 1000 Kobo April 22 2017 Nil 8th – 12th May 2017 23rd May 2017 24th May 2017
Aluminium Extrusion Industries Plc 8.5 Kobo April 28 2017 Nil 26th – 30th June 2017 4th August 2017 7th August 2017
Berger Paints Plc 50 Kobo April 28 2017 Nil 28th April 2017 18th May 2017 23rd May 2017
AIICO Insurance Plc 2 Kobo April 28 2017 Nil 8th May 2017 19TH May 2017 19TH May 2017
FBN Holdings Plc 20 Kobo April 28 2017 Nil 8TH – 12TH May 2017 19TH May 2017 22ND May 2017?
NPF Microfinance Bank 15 Kobo May 2 2017 Nil 12th  – 16th June 2017 7th July 2017 6th July 2017
Newrest ASL Nig 17.7 Kobo May 3 2017 Nil 12th  – 16th June 2017 June 28th 2017 June 29th 2017
UAC of Nigeria Plc 100 Kobo May 4 2017 Nil 16th – 19th May 2017 14th June 2017 15th June 2017
Chemical and Allied Products Plc 220 Kobo May 4 2017 Nil 30th May – 5th June 2017 13th June 2017 13th June 2017
Continental Reinsurance Plc 14 Kobo May 4 2017 Nil 19th – 23rd June 2017 29th June 2017 30th June 2017
Ashaka Cement 15 Kobo May 22 2017 Nil 17th – 18th April 2017 18th May 2017 18th May 2017
Smart Products Nigeria Plc 22.5 Kobo May 22 2017 Nil 28th – 13th July 2017 27th July 2017 12th August 2017?
Lasaco Assurance Plc 3 Kobo June 6 2017 Nil 19th – 23rd June 2017 5th July 2017 14th July 2017
Eterna Plc 30 Kobo June 6 2017 Nil 6th – 8th June 2017 5th July 2017 6th July 2017
The Initiates Plc 3 Kobo June 12 2017 Nil 19th – 23rd June 2017 30th June 2017 3rd July 2017
Vetiva Griffin 30 ETF 15 Kobo June 12 2017 Nil 14th june 2017 N/A 16th June 2017
Fidson Healthcare Plc 5 Kobo June 12 2017 Nil 26th – 30th June 2017 20th July 2017 21st July 2017
eTransanct 10 Kobo June 15 2017 Nil 26th – 30th June 2017 27th July 2017 3rd August 2017
Conoil 310 Kobo June 28 2017 Nil 10th – 14th July 2017 11th August 2017 21st August 2017
UPDC Real Estate Investment Trust 24 Kobo July 7th 2017 Nil 5th – 6th July 2017 20th July 2017 20th July 2017
Redstar Express 40 Kobo July 7th 2017 Nil 2ND – 4TH August 2017 31ST August 2017 7TH September 2017
University Press 10 Kobo July 7th 2017 Nil To be advised To be advised To be advised
Honeywell Flour Mills 6 Kobo July 7th 2017 Nil To be advised To be advised To be advised
Tripple Gee and Company 3 Kobo July 7th 2017 Nil To be advised To be advised To be advised
Flour Mills Nigeria 100 Kobo July 7th 2017 Nil To be advised To be advised To be advised
Stanbic IBTC ETF 30 143 Kobo July 14th 2017 Nil 24th July 2017 N/A 7th August 2017
Stanbic IBTC Pension ETF 40 143 Kobo July 14th 2017 Nil 24th July 2017 N/A 7th August 2017
Rak Unity Petroleum Plc 10 kobo July 24th 2017 Nil 31st July – 4th August 2017 ?23rd August 2017 ?28th August 2017
Redstar Express Plc 40 kobo July 24th 2017 Nil ?2nd – 4th August 2017 ?31st August 2017 ?7th September 2017
SKYE SHELTER FUND 700 kobo July 24th 2017 Nil 15th Sept 2017 N/A 29th Sept 2017

UBA Lifts Foreign Transaction Limit

You Can Now Use Your UBA Naira Debit Card to Shop Internationally
Good news guys, it’s like things are getting better in the banking sector following the Naira’s gradual improvement over the dollar. Some of th

e banks are now lifting the limitations placed on our Naira master card. You don’t need to stress yourself anymore to get dollar master card or a virtual credit card because your naira master card can now be used to shop on foreign websites.

Ecobank was the first to lift the limitation from $300 to $3000 per month and Guaranty Trust Bank (GTB) also followed suite by reviewed the international spend limitation, upwards from $100 to $1000 per month.

Just has GTBank pulled off, the United Bank for Africa (UBA) has lifted the limitation on their Naira debit card from $100 to $1000 per month.

If you happen to be a UBA customer, you can now use your Naira debit card and prepaid card to shop internationally to up to $1000 in a month. Also, you can withdraw with your naira ATM card in any part of the world but with a limit of $100 per day.

Unfortunately, this new limitation by UBA is only for a short period of time as it will only last from now till the 31st of August 2017. For those who might want to use their UBA card for online payments, note that the current exchange rate is around N385/$.