• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets

Corporate Actions: A Green Light and a new MD

Onome Ohwovoriole by Onome Ohwovoriole
February 10, 2019
in Markets, Spotlight, Stock Market
Corporate Actions - Nigerian Stock Exchange - NSE
Share on FacebookShare on TwitterShare on Linkedin

Corporate actions are decisions taken by companies’ boards of directors or management teams, that could have impacts on the firms themselves or shareholders. 

Examples of corporate actions include the payment of dividends, closing of shareholders’ registers, announcing qualification dates and Annual General Meeting (AGM) dates. 

Here is a rundown of corporate actions that took place last week and those  expected this week.  

RelatedStories

Femi Otedola

Femi Otedola becomes the first Nigerian billionaire to commend the new tax reform laws

June 28, 2025
Prestige Assurance Plc reports N143 million pre-tax profit for 2022

Prestige Assurance names Umesh Mohan Rathod as new MD, announces other appointments 

June 18, 2025

Rumours dispelled 

PZ Cussons Nigeria Plc released a statement last week denying rumours that the company was shutting down operations in Nigeria.

The company has had a poor string of results, which have heavily affected the larger parent. PZ Cussons (the parent company) has thus issued several profit warnings.  

A green light 

At an EGM held last Thursday, shareholders of Forte Oil Nigeria Plc gave approval for the company to enter into discussions with its Chairman, Femi Otedola, who had expressed interest in buying the company’s power, upstream and Ghanaian assets.  

A shut down 

Earlier in the week, Greif Nigeria Plc issued a release highlighting why its full year results were delayed. The firm would later release them within the week, where it stated that it would suspend operations in Nigeria. The company attributed its decisions to several reasons: it had to operate below recovery costs, and had lost a major client. 

Overdue results 

Golden Guinea Breweries Plc released several 2018 quarterly results that were way overdue. The company is also yet to give a timeline for when it  will resume operations.  

Appointments and resignations 

Dangote Cement Plc  

Dangote Cement Plc announced the resignation of Olusegun Olusanya, an independent Non-Executive Director. > 

Guinness Nigeria Plc 

Guinness Nigeria Plc announced the resignation of Paul Gallagher, a non Executive Director, effective 29th of January, 2019. The move is as a result of his resignation from Diageo Plc after 25 years of service. Diageo is the parent company of Guinness Nigeria.  

NAHCO Plc  

NAHCO Plc announced the appointment of  Tajudeen Shobayo and Solagbade Afolabi as non Executive Directors. They replace Solomon Adeusi and Mrs Olatokunbo Fagbemi, the latter being the current Acting Group Managing Director/CEO. 

Olumuyiwa Olumekun has also been appointed as Executive Director effective February 11, 2019. 

Prestige Assurance Plc  

Prestige Assurance Plc announced the appointment of Funmi Oyetunji and Doyin Salami as non Executive Directors.> 

A new MD 

Sunu Assurances Plc announced the appointment of Sam Ogbodu as its Managing Director and Emmanuel Adeleke Hassan as Executive Director Technical. Their appointments took effect from the 1st of February, 2019.  

Closed period  

Regency Alliance Insurance has commenced a closed period from Tuesday the 5th of February, 2019. The company’s board of directors will also be meeting on the 20th of February to consider the firm’s full year 2018 results. In addition, it will consider a possible dividend payment and bonus. 

Dangote Cement Plc will commence a closed period from today, till 24 hours after the release of its 2018 full year audited results.  

Law Union and Rock Insurance Plc will have a board meeting on the 19th of February, 2019 to consider and approve its 2018 full year results. The company will commence a closed period from the 19th of February till 24 hours after the results have been released. 

 During a closed period, insiders and other related parties with access to sensitive information, cannot trade their shares. 

Corporate Actions taking place this week 

Nigerian Breweries Plc 

Nigerian Breweries Plc will hold a board meeting on February 15, 2019. On the agenda, among other things, is the consideration of the company’s audited results for the 2018 financial year, and a proposal for the payment of a dividend.  

United Capital Plc  

United Capital Plc will hold a board meeting on February 15, 2019. Issues for discussion include the consideration of the company’s full year audited results for the 2018 financial year.  

 


Follow us for Breaking News and Market Intelligence.
Tags: Femi OtedolaForte Oil PlcGolden Guinea Breweries PlcMRS Oil Nigeria - NewsNAHCO PlcNigerian Breweries (NB) PlcOn the MoneyPrestige Assurance PlcPZ Cussons Nigeria (PZ)Regency AllianceSunu Assurances PlcUnited Capital Plc
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

Femi Otedola
Economy

Femi Otedola becomes the first Nigerian billionaire to commend the new tax reform laws

June 28, 2025
Prestige Assurance Plc reports N143 million pre-tax profit for 2022
Appointments

Prestige Assurance names Umesh Mohan Rathod as new MD, announces other appointments 

June 18, 2025
Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 
Business News

Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 

June 6, 2025
First Bank
Dividends

306 shareholders approve FirstHoldCo’s final dividend of 60 kobo 

May 22, 2025
First Bank
Bank Recapitalization

FirstHoldCo nears N500 billion capitalization goal, promises higher dividend for shareholders in 2025 

May 22, 2025
Femi Otedola
Business News

Femi Otedola wins ‘Activist Investor and Market Maker of the Year’ at Nairametrics Capital Market Awards 

May 22, 2025
Next Post
Somto Ifezue, Odunayo Eweniyi and Joshua Chibueze [l-r] PiggybankNG Co-founders_small

Piggybank.ng becomes PiggyVest 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • 10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 
  • Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 
  • HealthCap Africa launches HealthTech Unicorns Report 2.0 in Lagos, charts bold future for Africa’s health innovation

Follow us on social media:

Recent News

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

July 12, 2025
Geregu Power PLC wins “Most Compliant Listed Company” at 2024 Made of Africa Awards  

Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics