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Corporate Updates

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

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

FirstBank Spotlighting Opportunities in the Agriculture Value Chain

August 28, 2019

In 2017, the Nigerian agriculture sector witnessed a revolutionary discourse on the economic benefits of sustainable agriculture value-chain as an...

CBN grants Greenwich Trust Limited operational license for merchant banking, NSE Market Data, NSE records total transactions of N121.99 billion in August , 2019 events in the Nigerian capital market and outlook for 2020, Why you might need a capital market lawyer

Corporate Updates

Nigerian Bourse sets to host 4th edition of NSE Market Data Workshop

August 27, 2019

The Nigerian Stock Exchange (NSE) is set to host the 4th edition of the NSE Market Data Workshop. The event...

AFEX cocoa, Nigeria’s agricultural sector driven by public, private and developmental investments - AFEX

AFEX and Nairametrics discuss cocoa as the future of Nigeria’s export

August 27, 2019

Afex Exchange Limited (AFEX) and Nairametrics started up conversations about the potential of cocoa as the future for export markets...

SystemSpecs: The indigenous technology company transforming the future of Nigeria

Company Profile

SystemSpecs: The indigenous technology company transforming the future of Nigeria

by Nairametrics

August 26, 2019

SystemSpecs has unceasingly created innovative solutions and services that set it apart from the pack.

Oando executive delegation visits Prime Minister of Sao Tome & Principe, commits to more partnership

Corporate Updates

Oando executive delegation visits Prime Minister of Sao Tome & Principe, commits to more partnership

August 26, 2019

The upstream subsidiary of Oando PLC recently paid a courtesy visit to the Prime Minister of Sao Tome and Principe...

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

Firstbank Agric Expo sets to promote new agribusiness opportunities

August 23, 2019

Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited (@FirstBankngr) has announced that its 2019 FirstBank Agric...

Zenith Bank Henry Oroh

Corporate Updates

Zenith Bank appoints Henry Oroh Executive Director and Dr Al-mujtaba Abubakar Independent Non-executive Director

August 23, 2019

The Board of Directors of Zenith Bank Plc (@ZenithBank) has approved the appointment of Mr Henry Oroh as Executive Director...

$1 million worth of Bitcoin giveaway on Twitter

Corporate Updates

4 Industries Impacted by Bitcoin Usage

August 23, 2019

These fintech resources emerged as intended challengers to fiat currency, but in a matter of years most people stopped thinking...

Sahara Group, South Sudan

Corporate Updates

Sahara Group restates commitment to developing South Sudan’s energy sector

August 22, 2019

Executive Director, Sahara Group, Tope Shonubi has said the energy conglomerate remained resolute in its decision to contribute to the...

NSE

Corporate Updates

NSE Collaborates with JP Morgan Chase on Derivative

August 21, 2019

The Nigerian Stock Exchange is collaborating with JP Morgan Chase to facilitate in-depth capacity building programme on the derivatives market.

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