Corporate Profile: eTranzact Plc, Nigeria’s leading payment solutions provider

eTranzact Plc processed N50 trillion in electronic payment transactions in 2022

Many Nigerians were shocked by the news that the CBN had ordered the immediate removal of some key directors of ...

Firstbank targets 500,000 agents to boost financial inclusion

by NM Partners

September 30, 2019

First Bank of Nigeria Limited has announced its drive to get up to 500,000 operators on board its agent banking ...

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

Adeduntan: FirstBank is reducing poverty, deepening financial inclusion through its 31,000 agent network

by NM Partners

August 31, 2019

In its quest to deepen financial inclusion, FirstBank is channelling its resources to reach those at the bottom of the ...

FirstBank Partners Eventful to Support SMEs in the Fashion Industry

by NM Partners

July 20, 2019

First Bank of Nigeria Limited partnered with Eventful Limited on its event, fashion souk, a platform that creates an opportunity ...

FirstBank CEO, Adeduntan, Sensitizes Children on Acts of Kindness

by NM Partners

July 5, 2019

The Chief Executive Officer of First Bank of Nigeria Limited, Dr. Adesola Adeduntan, has encouraged children to cultivate the habit ...

First Bank Promotes Acts of Kindness, Revs its CR&S Week in more than Half a Dozen Countries

by NM Partners

July 1, 2019

First Bank of Nigeria Limited, Nigeria’s premier and leading financial institution has announced that the third edition of its Corporate ...

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

FirstBank: Inspiring kindness and empathy with SPARK

by NM Partners

June 28, 2019

First Bank of Nigeria Limited has an initiative aimed at restoring the fading age-long culture of being one’s brother’s keeper ...

First Bank to redeem $450 million notes ahead of maturity date

by Damilare Famuyiwa

June 26, 2019

First Bank of Nigeria Limited has disclosed its intended early redemption of the fixed-rate $450 million subordinated note held by ...

FirstBank Joins other Internal Auditors across Africa to Promote Risk Management Efficiency

by NM Partners

June 6, 2019

FirstBank 's Chief Audit Executive joined other Chief Audit Executives in Botswana for the 6th Annual Conference of the African ...

FirstBank Convenes Fireside Chat, Promotes Awareness on Cyber Security

by NM Partners

May 27, 2019

Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited, has announced that the fourth edition of its ...

Tag: First Bank of Nigeria Limited