At least 126,720 retail investors submitted valid applications and received full allotment as MTN Nigeria Communications Plc announced that its first public offer for sale of 575 million shares recorded an oversubscription of 139.47 per cent. This is contained in a statement signed by the MTNN Company Secretary, Uto Ukpanah, posted on the Nigerian Exchange […]
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Toyota retained its crown as the world’s top-selling automaker on Friday, having overcome a chip shortage and supply chain woes to beat Volkswagen for a second straight year. The Japanese auto giant said it sold nearly 10.5 million vehicles in 2021, a jump of about 10 percent from 2020, including units made by its Daihatsu […]
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Cocoa farmers. (Photo by Issouf Sanogo / AFP To increase cocoa production from the current 250,000 metric tonnes (MT) to 500,000MT in the next five years, the Cocoa Farmers Association of Nigeria (CFAN) has urged the Federal Government to establish a development fund. CFAN, in a communiqué issued at the end of the National Cocoa […]
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The Federal Ministry of Agriculture allegedly spent N3.809 billion on the Ruga Scheme without presidential or National Assembly approval in 2019, it was learnt on Saturday. This expenditure forms part of N60,795,898,225.84 by the Ministry which was the basis of a query by the Office of the Auditor-General of the Federation. The Office issued eight […]
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Following the resignation of two members of its board- Bukar Goni Aji, a non-executive director, and Muntari Zubairu, an executive director, the management of Oando Plc has announced their replacement. According to Oando Plc, Ronke Sokefun and Nana Fatima Mede replace the duo as independent non-executive directors on the company’s board, effective from December 2021. […]
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The Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, occasioned by losses in many highly capitalised stocks, especially BUA cement and MTNN, causing market capitalisation to decline by N238 billion. The market resumed trading activities yesterday, after the Yuletide holidays declared by the Federal government on Monday and Tuesday, December 27th and 28th, 2021 […]
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Zenith Bank plc, and International Breweries have emerged as ‘Most Responsible Organisation in Africa’ at The SERAS CSR Awards Africa 2021, with a commutative point of 76, 67 and 62 points respectively. Zenith Bank was adjudged the most responsible organisation in Africa, winning the overall best sustainability award, for its continued commitment to the tenets […]
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By Taofik Salako The boardroom tussle, board and management changes and reinstatement, the multi-billion naira shares acquisition and the didactics of largest single individual shareholder and majority or controlling shareholders at Nigeria’s oldest financial services group-FBN Holdings (FBNH) Plc, were some of the highpoints of corporate governance issues in 2021. FBN Holdings, the holding company […]
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Ecobank Nigeria has unveiled a state-of-the-art branch and digital experience centre strategically located at the heart of the highbrow Admiralty Way in Lekki area of Lagos. Officially opening the branch to the public, Managing Director/Regional Executive, Patrick Akinwuntan said it is part of the bank’s digital transformation drive to provide seamless world-class banking services to […]
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Billionaire businessman, Femi Otedola, who recently upped his stake in FBN Holdings in a bid to firm up his position as its biggest shareholder, said he is not keen about holding a board position in the financial services group, its flagship unit FirstBank and any of its remaining subsidiaries. He says he believes in allowing […]
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