Dossier
capital position
Coverage of capital position in the Nexus archive.
Dangote Sugarorganization1Aliko Dangoteperson1$356 milliontopic1debttopic1First HoldCoorganization1Premium Times Nigeriaorganization1earnings capacitytopic1asset qualitytopic1revenue streamstopic1profitability and growthtopic1Standard Charteredorganization1Bill Wintersperson1Bloombergorganization1share buybacktopic1
- Dangote Sugar Raises $356 Million in Share Sale to Trim Debt
Dangote Sugar, a sugar refinery owned by Aliko Dangote, successfully raised $356 million through a share sale. The company plans to use these funds to reduce debt and boost its capital position, which had been eroded by three years of losses.
- First HoldCo to pay 60% of annual profit as dividends
First HoldCo announced a 60% dividend payout of its annual profit, reflecting directors' confidence in improved earnings, capital strength, asset quality, diversified revenue, and a strong growth outlook.
- StanChart Has Strong Capital Position, CEO Winters Says
Standard Chartered CEO Bill Winters stated the bank's earnings beat expectations, leading to a $1 billion share buyback and highlighting a strong capital position. The bank is London-based.