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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 government said it would investigate reports of shootings at the Lekki Toll plaza, which followed the 24-hour curfew imposed to stop criminals hiding under the #ENDSARS protests to unleash mayhem on innocent citizens.
Former United States presidential candidate, Hillary Clinton, has made a public appeal to Nigeria's President Muhammadu Buhari to end the killing of peaceful protesters.
Manchester United's victory against PSG in the Champions League has seen the club win 10 consecutive away games for the first time in their history.
Netflix seems to be on a cancelation streak as of late, and the science fiction space drama Away is the streaming service’s latest victim.
The Kano State Government, says it has begun the distribution of instructional materials worth over N1.5 billion to primary and junior secondary schools in the 44 Local Government Areas of the state.
Gov. AbdulRahman AbdulRazaq of Kwara has named a 10-member judicial panel of inquiry into issues of brutality, human rights abuses and extrajudicial killings by the Police.
The Central Bank of Nigeria (CBN) has released its framework for the National Mass Metering Programme (NMMP).
Guinea’s opposition leader Cellou Dalein Diallo declared Monday, without waiting for official results, that he had won a presidential election against incumbent Alpha Conde, who is seeking a controversial third term.
The World Igbo Congress, WIC, has said that the significance of the ongoing protests across Nigeria is an indication that there is no more business as usual in the country.
Real Madrid boss Zinedine Zidane is set to recall three key players for their Champions League opener against Shakhtar Donetsk on Wednesday night.