OK

This is from Dividends only, mind you.

Much are made outside dividends for sure.

Plan something big while starting small, no matter how small, just start!

Mazeltovscotty:
Oh my God, where is my dear First bank?

First Bank Plc is not a one-man show so you're not likely to see it on this list

Kobicove:


First Bank Plc is not a one-man show so you're not likely to see it on this list

First Bank is in trouble. Just managing to cover things up. Look up Oba Otudekos loan scandal"

Jim Ovia on the other hand, "The GodFather" is seeing his investment in Emefiele paying off

no hausa on the list the list is sentimental...we need more hausa fulani in the list

REDshouse:
no hausa on the list the list is sentimental...we need more hausa fulani in the list

7 Igbos out of 10.
2 Yorubas
1 Hausa

Chai, someone should mount sentry on 3rd mainland bridge for omenkalives

okay...

Greedy people. No wonder the masses have not benefited anything from those banks.

Lazy banks that never wants to invest...

hmm

forgiveness:
Greedy people. No wonder the masses have not benefited anything from those banks.

Lazy banks that never wants to invest...

Banks are not in the business of investing. The only reason they give loans is that there is a sure return, and are given to businesses that have already proven themselves. Investments, are for companies that may have a promising idea, but really have not been tested. Investors/entrepreneurs/venture capitalists are the ones who should be investing, not banks. If gov't wants to stimulate business, it should guarantee loans, give away grants to start businesses, and create a conducive environment - as done by governments worldwide.

Sunnynwa:
Given the woeful performance of the economy in 2016, several industry experts were expecting similarly woeful results for banks and losses for investors. The reverse seems to be the case as analysis from Financial Vanguard on the 2016 results so far released, show a 13% rise in total dividend income from N143.3 billion in 2015 to N162 billion.

The analysis further showed that bank directors held 10.15 billion shares representing 5.5% of the banks’ total 184.8 billion shares.

Whilst shareholders are happy to have avoided a drop in dividend income, bank directors have every reason to be more grateful. A look at the table below reveals why.



From above, it appears, Jim Ovia, the Chairman and Founder of Zenith Bank earned the most from the dividend windfall. At N5.9 billion, his dividend earnings top that of any other bank director on the list analysed by Vanguard. The Bank directors on the list in total received N10.1 billion.

In Nigeria, dividend is taxed at 10% flat suggesting the government would have made about N16.2 billion in withholding taxes.

A massive drop in the value of shares of most quoted companies in Nigeria has made dividend payment an alternative and attractive income to most investors. Dividend yields for banks have averaged 8% this year, higher than the 5% typically posted by most Nigerian banks. Despite been less that the 17% obtainable from less risky investments like Treasury Bills, investors who have seen the value of their stocks severely impaired, will be happy to accept dividends, let alone one that suggest a higher yield.

For the bank directors, their goals are somewhat different. Dividend payments is just one of the minor reasons for retaining controlling shares in businesses.


http://nairametrics.com/the-10-bank-directors-that-have-earned-the-highest-dividends-in-2016-so-far/?utm_source=&utm_medium=twitter

Baddest Guys!!!!

REDshouse:
no hausa on the list the list is sentimental...we need more hausa fulani in the list

Check quota system list

Reward for sustainable entrepreneurship.

Criminals

JayJohnson:
And you guys are here fighting yourselves on Nairaland
The real Nigerian (igbos or Hausas or Yoruba) do not want Nigeria divided because they are enjoying Nigeria, only the jobless miscreants on Nairaland does

Correct.
Most of those fighting are jobless and ignoramus

Mazeltovscotty:
Oh my God, where is my dear First bank?

You won't see FBN Directors on this list as it not primarily a 1-man bank. The shares of FBN are owned by majorly thousands of individuals.

The above banks were set up by individuals thus these people own most of the shares.

You know what?
They are 80% Igbo!

This is strictly business!! Lol.

What happened to Diamond bank? Not appearing in the list.

JayJohnson:
And you guys are here fighting yourselves on Nairaland
The real Nigerian (igbos or Hausas or Yoruba) do not want Nigeria divided because they are enjoying Nigeria, only the jobless miscreants on Nairaland does

mechie onu!

Thieves in banking sector. They are the ones fueling dollar palava in banks. Illegal deductions from customers accounts and other illegal activities like helping looters

Sunnynwa:
Given the woeful performance of the economy in 2016, several industry experts were expecting similarly woeful results for banks and losses for investors. The reverse seems to be the case as analysis from Financial Vanguard on the 2016 results so far released, show a 13% rise in total dividend income from N143.3 billion in 2015 to N162 billion.

The analysis further showed that bank directors held 10.15 billion shares representing 5.5% of the banks’ total 184.8 billion shares.

Whilst shareholders are happy to have avoided a drop in dividend income, bank directors have every reason to be more grateful. A look at the table below reveals why.



From above, it appears, Jim Ovia, the Chairman and Founder of Zenith Bank earned the most from the dividend windfall. At N5.9 billion, his dividend earnings top that of any other bank director on the list analysed by Vanguard. The Bank directors on the list in total received N10.1 billion.

In Nigeria, dividend is taxed at 10% flat suggesting the government would have made about N16.2 billion in withholding taxes.

A massive drop in the value of shares of most quoted companies in Nigeria has made dividend payment an alternative and attractive income to most investors. Dividend yields for banks have averaged 8% this year, higher than the 5% typically posted by most Nigerian banks. Despite been less that the 17% obtainable from less risky investments like Treasury Bills, investors who have seen the value of their stocks severely impaired, will be happy to accept dividends, let alone one that suggest a higher yield.

For the bank directors, their goals are somewhat different. Dividend payments is just one of the minor reasons for retaining controlling shares in businesses.


http://nairametrics.com/the-10-bank-directors-that-have-earned-the-highest-dividends-in-2016-so-far/?utm_source=&utm_medium=twitter

Peter Amangbo is the GMD Zenith Bank Plc, while Ada Umeoji is his co-deputy. But because she owns more than 5 times the number of shares owned by the GMD, she makes the list while Amangbo doesn't.

She's also definitely next in line for the top job. Quote me anywhere.

Edum13656:


mechie onu!

Miscreant Fllatie, go and die

JayJohnson:

Miscreant Fllatie, go and die

says a fly from one dirty tribe competing in dirt with the Northern Barbarians.

Edum13656:



says a fly from one dirty tribe competing in dirt with the Northern Barbarians.

Go back to your virtual republic of biafrayud, chicken little

ednut1:
how about PMB make AMCON return all the bad loans they bought off dem ehn with tax payers money. Buth thunder will fire Zenith bank o, pays entry level 75k for 3 years on contract basis. wicked pple

Diamond that is paying 27k nko. May the Thunder be redirected.

Tinyemeka:


Peter Amangbo is the GMD Zenith Bank Plc, while Ada Umeoji is his co-deputy. But because she owns more than 5 times the number of shares owned by the GMD, she makes the list while Amangbo doesn't.

She's also definitely next in line for the top job. Quote me anywhere.

these stats are interesting tho

5 persons owning 33.3% of the holding


While 83% of total shareholder own just under 6%


very interesting I tell you