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Extra-Ordinary General Meeting
Desire of the Management of Dangote Cement to ‘buy back’ 10 per cent of its entire issued shares from shareholders was unanimously granted on Wednesday as the company’s shareholders’ voted in support of the ‘share buy back’ plans. Dangote Cement, which currently has 17.04 billion fully paid up ordinary shares of 50 kobo each, would be buying back 1.70 billion shares.
Dangote Cement Plc is seeking shareholders’ approval to embark on share buy-back in move aimed at improving return on equity and shareholder value.
Shareholders of Ellah Lakes Plc have approved the plan by the company to raise additional capital to pursue its growth plan. They gave the approval at the company’s Extra-Ordinary General Meeting, EGM, in Lagos.
Shareholders of Union Bank of Nigeria (UBN) on Tuesday endorsed the proposed reduction of N54.4 billion from the bank’s share premium account aimed at restructuring its balance sheet for optimal performance.
Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc.
The Lagos Division of the Federal High Court has restrained the Securities and Exchange Commission (SEC) from removing Wale Tinibu and Omamofe Boyo as Oando Plc’s Group Chief Executive Officer (GCEO) and Deputy Group Chief Executive Officer (DGCEO), respectively.
Oando Plc on Monday said that it had yet to receive any letter from the Securities and Exchange Commission (SEC) on the appointment of its interim management team.
The Lagos State House of Assembly says a bill that will make operators of lottery, pools and betting in the state to pay N20 million as licence fees to the state government is underway.
Facebook is launching a new digital platform that will let event organizers create paid online events to try to fill the gap created by the COVID-19 pandemic, the social media giant announced on Friday.
The Managing Director of Cross River Basin Development Authority has been suspended from office by the board of the agency.
The National Working Committee (NWC) of the Peoples Democratic Party (PDP), acting on behalf of the National Executive Committee (NEC), has reconstituted the Kaduna State Caretaker Committee.
American singer and songwriter, Miley Cyrus, says she lost her virginity to her ex-husband, actor Liam Hemsworth at the age of 16.
Opeyemi Babatunde Rahim, aka, Lyta, a former signee of Olamide’s record label, YBNL, is now a member of Marlian Music, a music label owned by Azeez Fashola, popularly called Naira Marley.
The Nasarawa State Government has threatened to withdraw the operational approval for any private schools caught violating the lockdown order by reopening schools for all categories of students.
Juventus are looking to modernize the club after Andrea Pirlo’s arrival, which could herald a dramatic change in the fortunes of several squad players.
The Senator Kabiru Marafa-led faction of the Zamfara State chapter of the All Progressives Congress has urged the national leadership of the party to set up a caretaker committee to oversee the affairs of the party in the state.
European Commission President, Ursula Leyen, on Friday, said that she supported sanctions on Belarusian officials who violated democratic values or abused human rights.