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TOKYO - Nissan shareholders vented their outrage at the Japanese automaker’s top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn.

Nissan shareholders furious at Carlos Ghosn scandal, dismal results

Nissan shareholders vented their outrage at the Japanese automaker’s top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn.
Nigerian Stock Exchange NSE

Federal government urged to seek private, domestic capital for infrastructure funding

Stakeholders in the capital market on Thursday stressed the need to attract private and domestic capital for funding of critical infrastructure in the country.
Japan’s Toshiba Machine said weekend it would seek shareholders’ approval if it decides to adopt defense measures against a hostile takeover, agreeing to demand from a prominent activist investor targeting the molding machine company.

Toshiba Machine to seek shareholders approval for takeover defense

Japan’s Toshiba Machine said weekend it would seek shareholders’ approval if it decides to adopt defense measures against a hostile takeover, agreeing to demand from a prominent activist investor targeting the molding machine company.
L-R: Deputy Company Secretary, Dangote Cement Plc, Edward Imoedemhe; Chairman, Dangote Cement Plc, Aliko Dangote; Group Managing Director/CEO, Dangote Cement Plc, Engr. Joseph Makoju; and Non-Executive Director, Dangote Cement Plc, Olakunle Alake at the Dangote Cement Plc Extra-Ordinary General Meeting held in Lagos on Wednesday, January 22, 2020

Dangote Cement praised by shareholders on buyback plans

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

Dangote Cement seeks shareholders’ approval for share buy-back

Dangote Cement Plc is seeking shareholders’ approval to embark on share buy-back in move aimed at improving return on equity and shareholder value.

Sovereign Trust Insurance lists 4.17 billion rights shares

Sovereign Trust Insurance Plc has listed additional 4.17 billion ordinary shares of 50 kobo each on the Nigerian Stock Exchange (NSE), the last step in its recent capital raising process.
Dangote Cement Industry

Shareholders seek more mergers, acquisitions in cement industry

Shareholders under the aegis of Constance Shareholders’ Association of Nigeria (CSAN) on Saturday said that mergers and acquisitions would improve cement industry activities on the Nigerian Stock Exchange (NSE).

South African Airways secures state-led rescue

South African Airways was placed under a state-led rescue plan on Thursday as part of a massive restructuring following a costly week-long strike last month.
The move comes after Australia’s Federal Court last week agreed with the country’s financial intelligence agency, AUSTRAC that Westpac had breached anti-money laundering and terrorist financing obligations.

Australian bank chief resign over money laundering scandal

The move comes after Australia’s Federal Court last week agreed with the country’s financial intelligence agency, AUSTRAC that Westpac had breached anti-money laundering and terrorist financing obligations.

Nestle declares N25 interim dividend

Nestle Nigeria Plc has declared N25 per share interim dividend for the period ended September 30, 2019 (Q3’19) to its shareholders subject to appropriate withholding tax and approval.
Former Liverpool forward El Hadji Dioufhas urged Kylian Mbappe to quit Paris Saint-Germain and seal a move to Real Madrid if he wants to win the Ballon d’Or.

Juventus ready to rival Real Madrid for Europe’s star young attacking pair

Juventus and Real Madrid could soon be ready for a transfer war over two of the brightest attacking talents in Europe.

Why Julius berger is ‘preferred’ contractor for Nigerian projects – minister

Babatunde Fashola, minister of works and housing, has explained why Julius Berger is preferred above “indigenous companies” when entrusting infrastructural projects to companies in the country.
Juventus

Juventus shareholders agree €300 million boost to expand club globally

Juventus president Andrea Agnelli on Thursday got the overwhelming backing of the club’s shareholders for a 300 million euro ($333 million) capital increase to help boost the Italian club’s global ambitions.

LCCI carpets clamp down on auto dealers

The Lagos Chamber of Commerce & industry (LCCI) has berated the Nigerian Customs Service (NCS) for clamping down on auto shops nationwide.
Abubakar Aliyu

Housing deficit: Ministry urges Shelter Afrique to increase credit facility to Nigeria

The Ministry of Works and Housing has urged Shelter Afrique to increase the funds it planned to invest as part of efforts in addressing Nigeria’s housing deficit.
Seplat Petroleum Development Company

Seplat acquires London-listed Eland Oil & Gas for $486 million

Seplat Petroleum is to acquire London-listed Eland Oil & Gas for £382 million ($486,163,760.00) in a bid to scale the business and grow in Nigeria, according to the boards of the companies.
Melee Kyari

NNPC seals $2.5 billion gas supply deal with NLNG

The Nigerian National Petroleum Corporation (NNPC) has challenged shareholders of the Nigeria Liquefied Natural Gas (NLNG) to work very quickly towards expanding the production capacity of the company beyond Train 7 to take advantage of developments in the global LNG market.

Aggrieved note counters threaten to shut down activities at Fidelity Bank

The Concerned Note Counters Association of Fidelity Bank (CNCAFB) has threatened to disrupt activities at all Fidelity Bank branches should the management of the bank fail to pay them their entitlements.

Recent Stories

Former Nigerian forward Odion Ighalo is in Manchester United squad for their UEFA Europe league clash against Belgian side Club Brugge.

Ole Gunnar Solskjaer confident Odion Ighalo will get goals for Manchester United

Manchester United manager Ole Gunnar Solskjaer is confident Odion Ighalo will deliver the goods for the side.
Senator Ahmed Ibrahim Lawan

Insecurity: Senate moves to establish commission against illegal use of guns

The Senate on Wednesday considered a bill seeking to establish the National Commission Against the Proliferation of Small Arms and Light Weapons.
Senator Ahmed Ibrahim Lawan

Lawan: How N’Assembly is working to improve security situation in Nigeria

President of the Senate, Ahmad Lawan, on Wednesday said the National Assembly has devised a strategy that will see to the creation of institutions dedicated to providing enduring solutions to Nigeria's security travails. Academy
Senate President Ahmed Lawan 1

Senate holds one-minute silence for deceased Ex-WAEC registrar

The Senate on Wednesday observed a minute silence in honour of renowned Nigerian novelist and former Registrar of the West African Examinations Council (WAEC), Chukwuemeka Ike.
Glasgow Rangers manager Steven Gerrard says he does not regret criticizing Nigerian midfielder Joe Aribo and his teammates following the recent bad performances.

Joe Aribo’s Rangers fined £15,000 by Scottish FA

Rangers have been fined £15,000 by the Scottish FA for failing to act in an “orderly fashion” in games against Celtic and Hibernian in December.