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Corporate Press Releases

CAP Plc wins big at the Businessday Awards

CAP Plc currently reported a N14 bn market capitalization as at February 1st, 2021 and its growth trajectory looks ever so promising.

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CAP Plc wins big at the Businessday Awards

Chemical Allied Products Plc (CAP) manufactures of Dulux paints and industrial products has added another feather to its cap by emerging the Best performing Stock industrial goods building material chemicals and paints and the Most Profitable company industrial goods, building materials chemicals and paints at the Businessday Nigerian investor value awards (NIVA) held in Lagos recently.

The award ceremony held on Saturday, April 24, 2021 at the Lagos Continental hotels, Victoria Island, Lagos attracted top CEOs, top decision-makers in the financial services sector and a host of other distinguished personalities in Nigeria.

Responding while receiving the award CAP Plc’s CEO, David Wright thanked the organizers of the award for finding CAP Plc worthy of the honour.

In his words, “This award is a call for continuous improvement. It lays credence to our overall efforts devoted to enhancing business operating models and a boost to CAP Plc persistent pledge to delivering on market efficiency edges.

“I would like to express my deep gratitude to our regulator, the Securities and Exchange Commission as well and the Board of Directors of CAP for their meticulous oversight and for ensuring sound governance, which I believe is essential to every corporate’s sustainability and long-term value creation,” Wright concluded.

David Wright (middle) , MD CAP Plc, receiving the Best performing stock industrial goods building materials Chemical and paints sub-sector, from Frank Aigbhogun, Publisher, Businessday Newspapers at the Nigerian Investor Value Awards (NIVA) held recently at the continental hotel, Victoria Island, Lagos.

CAP Plc currently reported a N14 bn market capitalization as at February 1st, 2021 and its growth trajectory looks ever so promising. Its announcement of the proposed merger with Portland Paints and Products Nigeria Plc, another top tier player in the Paints industry, in the fourth quarter of 2020 has also boosted investor confidence in the company. Expected to be concluded in the second quarter of 2021, subject to receiving final regulatory approvals, this milestone is undoubtedly a landmark one in the Nigeria Decorative & Industrial subsector of the manufacturing industry.

The Businessday Nigerian Investor Value (NIVA) Awards, formerly known as the Top 25 CEOs & Next Bulls Awards, celebrates CEOs of public companies who have created sustainable alpha-generating value through strategic intelligence, operating efficiencies, market leadership and organisational values.

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Since the first edition held in 2014, the annual awards have served as a capital markets bellwether used in identifying the best performing chief executive officers and stocks on the Nigerian Stock Exchange as well as leading privately-held companies.

"NM Partners" represent articles published in partnerships with Corporate Organisations, Government and Non-Governmental Institutions, and other stakeholders seeking to publish content on Nairametrics. Content includes Press Releases, Targeted content, and other forms of corporate communications targeted at our readers. Some of these content are paid for.

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Corporate Press Releases

Unilever holds 96th AGM, declares N62bn Turnover

According to the Company’s financial report, there was a 2.4 per cent year-on-year increase in revenue from N60.8 billion to N62 billion in the year under review.

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Leading consumer goods producer, Unilever Nigeria Plc has declared a turnover of N62 billion for the financial year ended December 2020, even as the Board assured shareholders of their commitment to good corporate governance to drive sustainability and efficiency across the Company’s operations.

Addressing shareholders at the 96th Annual General Meeting of the Company, the Chairman of the Board, His Royal Majesty, Nnaemeka Achebe commended the shareholders for their trust and loyalty to the Company despite the challenges posed by the COVID-19 pandemic in the year under review. He added that the Company will remain strategic in its approach to attaining sustainable growth and profitability.

According to the Company’s financial report, there was a 2.4 per cent year-on-year increase in revenue from N60.8 billion to N62 billion in the year under review. The increase was driven by 7.3 per cent year-on-year growth in its food products, which was slightly offset by a 3 per cent revenue drop in the home and personal care segments. These results reflect a challenging operating environment

Speaking on the results, The Chairman, Board of Directors, Nnaemeka Achebe, stated that even though 2020 was a year of significant disruptions and volatilities impacting the operating environment, Unilever Nigeria continues to build its resilience to navigate the impact of headwinds.

Achebe added that the company remains focused on its strategy to deliver sustainable growth both in the medium and long-term riding on the pillars of operational efficiency, cost optimization, purposeful brands and increasing market share across key categories.

“We continue to monitor the business environment and respond appropriately to volatilities in the operating environment as well as disruptions from the Covid-19 pandemic,” he said.

In compliance with the Federal and State government directives on social distancing as part of measures to reduce the spread of the coronavirus, this year’s AGM was hybrid with most of the shareholders joining virtually.

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Corporate Press Releases

Asharami Energy’s graduate program targets future Upstream experts

Application for the program kicks off on Friday, 7th May 2021 and closes on Monday, 17th May 2021.

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Asharami Energy, a Sahara Group Upstream company, has commenced its 2021 Graduate Trainee Program that is geared towards enhancing the sustainability and future of the sector through training of exceptional young talent.

Henry Menkiti, Chief Operating Officer, Asharami Energy, said the widely sought-after program has been instrumental to the transformation of young engineers and others professionals into top talent across the value chain at Sahara Group. “At the heart of our operations lies unrivaled engineering expertise that is driven by innovation, responsible engineering, and an unwavering commitment to improvements aligned with global environmental, social and Corporate governance standards. The Graduate Trainee Program is for enthusiastic and future thinking individuals desirous of becoming future leaders in the oil and gas sector,” he said.

Ivie Imasogie-Adigun, Group Head, HR at Sahara Group said the program resonates with Sahara’s human capital transformation strategy aimed at building a leading, nimble and agile organisation for optimal performance.

Imasogie-Adigun said the program gives graduate trainees exposure to top-level responsibility early in their careers, with ample opportunity to hone their potential across the Upstream value chain. “Sahara’s Graduate Trainee Programs are deliberately innovative and disruptive as we are always ahead on the curve of making a difference. The program has over the years produced outstanding business leaders at Sahara and I enjoin graduates to apply for an opportunity to commence their journey towards excellence in the Upstream sector. ”

Application for the program kicks off on Friday, 7th May 2021 and closes on Monday, 17th May 2021. It is open to candidates with a Bachelor’s Degree in Engineering, Applied & Social Sciences with a minimum of Second-Class Honors (Upper Division) and NYSC discharge certificate. Applicants can follow Sahara Group on twitter and Instagram @iamsaharagroup for more information on the Graduate Trainee Programs.

Asharami Energy is one Africa’s leading independent Exploration and Production (E&P) Companies with a diverse portfolio of 8 (eight) oil and gas assets in prolific basins across Africa. Asharami Energy Limited and Sahara Energy Fields Holdings UK Limited are the entities at the forefront of Sahara’s upstream operations.

These assets are at various stages of development ranging from exploratory fields to mature producing fields with huge potential for positive returns.

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