To Timothy Adesiyan, a shareholder of Access Bank, the extra general meeting, EGM, of the bank, which was held in Lagos, on Monday, October 13, is timely. The meeting gave him the opportunity to be among the 717 investors that approved the right issue of Access Bank as they look forward to increasing their stakes…
NSE Wins Award
The Nigerian Stock Exchange, NSE, has won the 2014 Best Initiative in support of small and medium enterprise, SMEs, and the Millennium Development Goals by Africa investor, Ai, an investment group, at the annual Ai Investment and Business Leader Awards in Washington DC, United States yesterday. The exchange was rewarded for providing a platform for…
Queen Elizabeth Honours Angelina Jolie with Damehood
In recognition of her campaign against sexual violence, Queen Elizabeth II has awarded Angelina Jolie, Hollywood richest actress, an honorary Damehood at the Buckingham palace today. The Oscar winning Jolie, who is among few foreigners to receive such an award, earned the insignia of an honourary Dane Grand cross of the most distinguished order of…
British Council Unveils Plan for UK Education Exhibition
The British Council has assured students seeking to study in the United Kingdom, UK, that the 12th annual education UK Exhibition would provide unique opportunity for participants. Sephora Imomoh, project manager at the British Council, explained that the event, which will take place in Lagos and Abuja on November 8th and 11th, 2014 respectively, would…
Remi Oyo Passes on
Oluremi Oyo, 62, former managing director, News Agency of Nigeria, NAN and presidential media aide to Olusegun Obasanjo, former President, has died on wednesday in London after a protracted illness. According to the statement issued by Vincent Oyo, her husband, the veteran journalist, died peacefully on Wednesday, in London where she was recuperating after receiving…
NSE Uncovers 68 Cases of Market Infractions
In line with its zero-tolerance for market infractions, the Nigerian Stock Exchange, NSE, has imposed sanctions against seven dealing member-firms for unauthorised sale of clients’ shares. The exchange’s disciplinary committee for 2013, chaired by Chike Nwanze, announced that the sanctions range from fines to suspension on the operators and other market participants. In respect of…
FTN Cocoa Processors Posts N252.1m Loss
FTN Cocoa Processors Plc. has announced a loss before tax of N252.1 million in its half-year period ended June 30, 2014. The statement, which the company filed with the Nigerian Stock Exchange, NSE, showed that the figure was 2.9 per cent lower than the N259.7 million loss before tax it declared in the same period…
BOI Introduces Cottage Agro Processing Fund
It is celebration time for stakeholders in the Cottage Agro industry as the Bank of Industry, BOI, meets their pressing needs. The financial institution announced through Rasheed Olaoluwa, its managing director, that operators in the sector now have access to its Cottage Agro Processing, CAP, Fund worth N5 billion. Olaoluwa explained that the scheme, which…
“Joint Ventures Will Solve Housing Problems,” – Uche Ajaere, MD, Lordwin Gate Limited
Lordwin Gate Real Estate has a vision for the property sector. The idea is to use Joint Venture initiative, JV, to meet the needs of both potential property owners and existing property owners. The young but dynamic real estate firm is determined to contribute its quota to addressing problems of housing in the country by…
Eaton Opens Corporate Office in Lagos
In a bid to get closer to it’s teeming customers and combat imitation of its products, Eaton International Industries Limited, a global power management company and maker of electrical appliances, has commenced operations in its Lagos corporate office. Shane Kilfoil, managing director, Africa, electrical sector of the company, explained that the development represents another important…
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