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First Bank Adesola Adeduntan, Global transactions get easier with Firstbank’s Card Offerings, FBNQuest Trustees Marks 40th Anniversary of preserving legacies in Nigeria, Ellah Lakes Plc announces close period for H1 2019 results The Board of Directors of Ellah Lakes Plc has announced that the company would be meeting on the 22nd October 2019 to consider, among other matters, the audited financial statements of the Company for the financial year ended 31 July, 2019. The Company also announced the commencement of a closed period with effect from 7 October 2019, until 24 hours after the Company’s Audited Financial Statements is filed with The Exchange. Top executives, directors, advisers, and many others at Ellah Lakes Plc have been barred from trading in the company’s shares ahead of the meeting of board of directors of Ellah Lakes. This was disclosed in a notification which was sent to the Nigerian Stock Exchange (NSE). https://www.nse.com.ng/Financial_NewsDocs/27720_ELLAH_LAKES_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf The announcement is in line with rule 17.18 of Part 2 (Issuer’s Rules) of the NSE’s Rule Book (2015) which states that, “The period of closure shall be effective from fifteen (15) days prior to the date of any meeting of the Board of Directors proposed to be held to consider any of the matters referred to above or the date of circulation of agenda papers pertaining to any of the matters referred to above, whichever is earlier, up to twenty-four hours after the price-sensitive information is submitted to the Exchange. The trading window shall thereafter be opened. Every issuer shall notify the Exchange in advance of the commencement of each closed period.” Why this matters: The close period will allow the board to consider the company’s unaudited financial statements for the third quarter. Other company issues will also be discussed during the meeting of the Board of Directors. What is a close period? A close period is a period before the release of a company’s result or financial statement when of course, those with sensitive information are not allowed to trade on the stock. These individuals may include company directors, audit committee members, persons discharging managerial responsibility, employees and consultants with sensitive information. About the company: Ellah Lakes Plc is a fish farming company., FBN processed 237 million transactions in two weeks, amid COVID-19 lockdown, First Bank Holdings declares a Profit after Tax of N26 billion in Q1 2020

Reinventing First Bank through creativity and innovation

August 9, 2019

For a financial institution of @FirstBankngr’s pedigree, it is not uncommon for its top managers to be creative and constantly...

Access Bank partners Federal Ministry of Women Affairs on ‘50 Million Women Speak Project with ECOWAS’

August 8, 2019

Access Bank, through its W Initiative, has partnered with the Federal Ministry of Women Affairs on the 50 Million Women...

Zenith Bank introduces free banking for senior citizens

August 8, 2019

@ZenithBank has introduced the Zenith Timeless Account, which allows Nigerians aged 55years and above to enjoy free financial services.

Elo Umeh named 2019 B2B SME CEO of the year

August 7, 2019

Elochukwu Umeh, CEO Terragon Group has been named the Business-to-Business (B2B) SME CEO of the year at the 2019 Business...

Capital Market Performance crucial to economic development – FBNQuest Securities

August 6, 2019

The Nigerian equities market remained on the downbeat in 2016 due to the recession which impacted economic growth adversely.

Zenith Bank upgrades Iits Mobile Banking application

Zenith Bank upgrades its Mobile Banking application

August 5, 2019

Zenith Bank Plc. has upgraded its mobile banking application to ensure its services are more aptly suited for the lifestyle...

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UBAmarketplace 2019 puts Abuja on lockdown with SME exhibitions, Movies, Fashion and Shopping

August 4, 2019

If you missed the #UBAmarketplace2019 by @UBAGroup and @itsREDTv, here are the highlights.

FirstBank and Azuri partner to bring solar to millions and deepen financial inclusion in Nigeria

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