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Corporate Updates

Corporate Updates and Communications from our Media Partners. Some of the content is paid for publishing on Nairametrics.

Sahara Group Takes ‘Africa Energy Access’ Narrative to World Energy Congress

Corporate Updates

Access Bank: Trader, 1,015 others win big in DiamondXtra Season 11

September 9, 2019

Nwogu Ijeoma, a trader in Alaba international market and one thousand and fifteen customers across Nigeria emerged winners at the...

Getting Lions to Leapfrog: Understanding the role of technology in promoting inclusive growth in Africa

Corporate Updates

Getting Lions to Leapfrog: Understanding the role of technology in promoting inclusive growth in Africa

September 7, 2019

A recent research collaboration between the Mastercard Center for Inclusive Growth and The Fletcher School at Tufts University highlights the strengths and opportunities of six major countries in Africa for...

Symrise Launches New Application Labs Facility in Nigeria

Symrise Launches New Application Labs Facility in Nigeria

September 7, 2019

Global flavours, fragrance, and cosmetic ingredients manufacturer, Symrise has launched its new application laboratories in Lagos with an exclusive tour...

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

Global transactions get easier with Firstbank’s Card Offerings

September 7, 2019

In 2012, the Central Bank of Nigeria (CBN) introduced the cashless policy with the aim of promoting the use of...

NSE reclassifies Oando Plc as Low Price Stock

September 5, 2019

The Nigerian Stock Exchange (The NSE or The Exchange) is pleased to announce the reclassification of Oando Plc from Medium...

Africa’s largest retail bank, Access Bank Plc., yesterday collaborated with the Lagos State Employment Trust Fund (LSETF) to launch the LSETF W Initiative aimed at economically empowering women in Lagos State.

Access Bank partners Lagos State Government to launch N10 billion loan portfolio for women

September 5, 2019

Africa’s largest retail bank, Access Bank Plc., yesterday collaborated with the Lagos State Employment Trust Fund (LSETF) to launch the...

OANDO PLC Wale Tinubu

Oando PLC Announces Significant Gas & Condensates Discovery

September 5, 2019

Oando Energy Resources (OER) is pleased to announce that the NNPC/NAOC/OANDO Joint Venture (NNPC 60%, Oando 20% and NAOC the...

Zenith Bank gets CBN approval in principle for a holding company

Jim Ovia withdraws from the World Economic Forum

September 5, 2019

The Founder/Chairman of Zenith Bank Plc,(@ZenithBank) Mr. Jim Ovia (@JimJamesOvia) has withdrawn from further activities at the World Economic Forum...

Sankore investor gathering

Corporate Updates

The easiest way to invest in Nigeria from Diaspora

September 4, 2019

The situation in the country is hard, and as the middle-class grows, the number of emigrants from Nigeria increases in...

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

Corporate Updates

First Bank’s Adesola Adeduntan Bags ‘Best Chief Executive Officer’ Award

September 2, 2019

Dr. Adesola Adeduntan has been adjudged the 'Best Chief Executive Officer' of the year at the Digital Innovation and Excellence...

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