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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.
Seven patients who recently tested positive for Coronavirus and housed in the COVID-19 Isolation Centre in Abuja have been discharged after fully recovering from the dreaded virus.
Kogi State Governor Yahaya Bello has sacked the Vice Chancellor of the Kogi State University, Ayangba, Prof Mohammed Abdulkadir.
Minority Caucus of the House of Representatives has said that the importation of Chinese doctors into Nigeria will be against the national interests of the country.
The Oyo State COVID-19 Task Force, on Tuesday evening, recorded the confirmation test of two suspected cases of Coronavirus, which came back positive, bringing the total cases of the virus to eleven in the state.
IN its readiness to contain the Coronavirus pandemic, the Oyo State Containment and Decontamination Project on Tuesday expressed its readiness to embark on immediate decontamination of all areas suspected to have come under the attack of the novel virus.
Prof. Temitope Alonge, Acting Chairman of the state COVID-19 Task Force, said in a statement that the exact date of the exercise would be communicated through the heads of markets.
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Dr Olufemi Oke-Osanyintolu, the Director-General, Lagos State Emergency Management Agency (LASEMA), said on Saturday that the agency monitored the repair of the vandalised pipeline at Mosan, Ipaja, Lagos State, by officials of the Nigerian National Petroleum Corporation (NNPC).
Former England captain Wayne Rooney said the public pressure being exerted on elite footballers to take pay cuts in the wake of the coronavirus pandemic is a “disgrace”, according to a report in the Sunday Times.
European airline giant Lufthansa said Thursday it has placed 87,000 workers — more than 60 percent of its workforce — on government-backed shorter hours schemes, as air travel idles amid the coronavirus crisis.