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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.
President Muhammadu Buhari has appointed Engr. Ahmad Salihijo Ahmad as the Managing Director and Chief Executive Officer (CEO) of the Rural Electrification Agency (REA).
Speaking on his appointment, Dr. Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said, “We are delighted to welcome Alhaji Ado Yakubu Wanka, to the FirstBank Board. We are especially excited that he is bringing a combination of complementary skills and rich experience to the table which will no doubt enhance the quality of governance towards meeting our strategic goals.
A former deputy governor of the Central Bank of Nigeria, Tunde Lemo, has resigned from the board of GlaxoSmithKline Consumer Nigeria Plc (GSK) as a non-executive director.
Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors.
Nigeria’s telecoms giant, MTN, has appointed Emir of Kano, Muhammadu Sanusi, and former Governor of the Central Bank of Nigeria (CBN) as a Non-Executive Director effective July 1, 2019.
A group of investors in Lagos State has denied claims that members of President Muhammadu Buhari’s family own shares in Etisalat Nigeria and Keystone Bank, declaring that the allegation was false.
After series of twists and legal turns in the takeover process of 9mobile, Teleology Technology Limited on Monday officially took over the operational affairs of the telecoms company.
A Federal High Court sitting in Akure, Ondo State capital, on Friday, sentenced a final year student of Achievers University, Owo, Fisayo Adetoro, to 13 years imprisonment and a fine of N1m over impersonation, forgery and money laundering.
Chelsea manager Frank Lampard is facing an anxious wait to learn how long England striker Tammy Abraham will be sidelined with his ankle injury.
President Muhammadu Buhari has assured the European Union (EU) that though it might take a bit longer, the nation will surely put the issues associated with the troubles in the North East in order and move ahead.
The pan-Yoruba socio-political organisation, Afenifere, on Friday, warned the Nigeria Police not to cover up the murder of renowned alternative therapist, Alhaji Fatai Yusuf, populary known as Okooloyun.
The Monetary Policy Committee of the Central Bank of Nigeria on Friday altered the Cash Reserves Ratio from 22.5 per cent to 27.5 per cent.
The opposition Peoples Democratic Party (PDP) and governors elected on the platform of the All Progressives Congress (APC) were, at the weekend, locked in a verbal duel over the Supreme Court judgment which replaced PDP’s Emeka Ihedioha with APC’s Hope Uzodinma as governor of Imo State.
Brazil’s culture secretary Roberto Alvim resigned on Friday over a speech in which he appeared to quote Adolf Hitler’s propaganda minister, Joseph Goebbels.
Naomi Osaka said she had been overwhelmed by the pressure of defending her Australian Open title and admitted she does not have a “champion mentality” after losing to 15-year-old Coco Gauff on Friday.
The Odole Oodua, Sir Kensington Adebutu, has vowed to use his resources to support noble cause and ventures that would improve the well-being of the citizenry.
Jigawa State Police Command has paraded a 29-year-old Mustapha Idris, from Ringim Local Government Area of the state, who was arrested for killing his 20-year-old girlfriend, Nafisa Hashimu, who was three months pregnant for him.