Nigeria Business & Finance Updates

Nigeria Company News

Friday, September 27th , 2019

  • PZ Cussons Plc: The Company announces to the investing public of the resignation of
    Mr. Alexander Goma as an Executive Director with effect from September 30, 2019.
  • Veritas Kapital Assurance Plc: The Company notifies the general public of the appointment of
    Mr. Wole Onasanya as an Executive Director. Mr. Onasanya joins Veritas Kapital as Executive
    Director Finance & Investment from Ellah Lakes Plc, where he served as the Company’s Chief
    Financial Office.

Tuesday, September 24th , 2019

  • PZ Cussons Plc: The Company announces to the investing public of the resignation of
    Mr. Alexander Goma as an Executive Director with effect from September 30, 2019.
  • Veritas Kapital Assurance Plc: The Company notifies the general public of the appointment of
    Mr. Wole Onasanya as an Executive Director. Mr. Onasanya joins Veritas Kapital as Executive
    Director Finance & Investment from Ellah Lakes Plc, where he served as the Company’s Chief
    Financial Office.

Friday, September 20th , 2019

  • Seplat Petroleum Development Company Plc: The Company notifies the investing public that it has
    relocated all its offices in Lagos to one location. Consequently, the new head office address has changed
    from 25a Lugard Avenue, Ikoyi, Lagos to 16a Temple Road (Olu Holloway), Ikoyi, Lagos.
  • Union Bank Plc: The Company notifies the Exchange of the demise of the Chairman of its Board, Mr. Cyril
    Odu, on Tuesday, September 17, 2019.
  • International Breweries Plc: The Company notifies the Exchange and investing public that at its Board meeting
    held on September 18, 2019, a Rights Issue as a form of capital raising for the Company was considered and
    approved, subject to shareholders and regulatory approvals.
  • International Breweries Plc: The Company notifies the Exchange of the appointment of Tolulope Adedeji
    as a Director on the board effective from September 18, 2019.
  • Lafarge Africa Plc: The Company notified the investing public of the resignation of Mr. Bruno Bayet as the Chief
    Finance Officer.
  • Afromedia Plc: The Company notifies the Exchange of the appointment of Mr. Kabir Usman and Mr. Lateef Bakare
    as Non-Executive Directors.

Thursday, September 19th , 2019

  • Seplat Petroleum Development Company Plc: The Company notifies the investing public that it has
    relocated all its offices in Lagos to one location. Consequently, the new head office address has changed
    from 25a Lugard Avenue, Ikoyi, Lagos to 16a Temple Road (Olu Holloway), Ikoyi, Lagos.
  • Union Bank Plc: The Company notifies the Exchange of the demise of the Chairman of its Board, Mr. Cyril
    Odu, on Tuesday, September 17, 2019.
  • International Breweries Plc: The Company notifies the Exchange and investing public that at its Board meeting
    held on September 18, 2019, a Rights Issue as a form of capital raising for the Company was considered and
    approved, subject to shareholders and regulatory approvals.

Wednesday, September 18th , 2019

  • International Breweries Plc: The Comopany notifies the Exchange of the appointment of Tolulope
    Adedeji as a Director on the board effective from September 18, 2019.
  • Lafarge Africa Plc: The Company notified the investing public of the resignation of Mr. Bruno Bayet
    as the Chief Finance Officer.

Monday, September 16th , 2019

  • Afromedia Plc: The Company notifies the Exchange of the appointment of Mr. Kabir Usman
    and Mr. Lateef Bakare as Non-Executive Directors.

Friday, September 13th , 2019

  • Sterling Bank Plc: The Company announces to the investing public of the retirement of Ms.
    Justina Lewa and the apppointment of Mrs. Tenitayo Adegoke as the Company Secretary
    & Chief Legal Counsel of Sterling Bank Plc. The appointment has been approved by the Central
    Bank of Nigeria (CBN).
  • Ellah Lakes Plc: The Company announces to the investing public of the resignation of Mr. Wole
    Onasanya as the Chief Financial Officer.
  • Universal Insurance Plc: The Company notifies the investing public of the appointment of the
    appointment of Barrister Jasper Osita Nduagwuike as a Non-Executive Director.
  • Chemical & Allied Paints Plc: The Company notifies the investing public of the appointment of
    Miss Ayomipo Wey as Company Secretary/Legal Adviser effective from September 9, 2019.
  • Lasaco Assurance Plc: The Company announces to the investing public of postponement of the
    Annual General Meeting initially scheduled to hold on September 12, 2019. The new date is now
    October 8, 2019 at Oriental Hotel, Victoria Island, Lagos.
  • Portland Paints Plc: The Company announces to the investing public of the appointment of Miss
    Ayomipo Wey as Company Secretary/Legal Adviser effective from September 9. 2019.
  • Veritas Kapital Assurance Plc: The Company notifies the investing public of the resignation of Mr.
    Polycaro Didam as Managing Director/CEO. Consequently, Mr. Kenneth Edore Egbaran has been
    appointed as substantive Managing Director/CEO.
  • AIICO Insurance Plc: The company notifies The Exchange of the appointment of Mr. Olusola Ajayi
    Executive Director following a successful assessment and due approval by the National Insurance
    Commission.

Wednesday, September 12th , 2019

  • Ellah Lakes Plc: The Company announces to the investing public of the resignation of
    Mr. Wole Onasanya as the Chief Financial Officer.
  • Universal Insurance Plc: The Company notified the investing public of the appointment
    of the appointment of Barrister Jasper Osita Nduagwuike as a Non-Executive Director.

Tuesday, September 10th , 2019

  • Chemical & Allied Paints Plc: The Company notifies the investing public of the appointment of
    Miss Ayomipo Wey as Company Secretary/Legal Adviser effective from September 9, 2019.
  • Lasaco Assurance Plc: The Company announces to the investing public of postponement of the
    Annual General Meeting initially scheduled to hold on September 12, 2019. The new date is now
    October 8, 2019 at Oriental Hotel, Victoria Island, Lagos.
  • Portland Paints Plc: The Company announces to the investing public of the appointment of Miss
    Ayomipo Wey as Company Secretary/Legal Adviser effective from September 9. 2019.
  • Veritas Kapital Assurance Plc: The Company notifies the investing public of the resignation of Mr.
    Polycaro Didam as Managing Director/CEO. Consequently, Mr. Kenneth Edore Egbaran has been
    appointed as substantive Managing Director/CEO.

Monday, September 9th , 2019

  • AIICO Insurance Plc: The company notified The Exchange of the appointment
    of Mr. Olusola Ajayi as Executive Director following a successful assessment
    and due approval by the National Insurance Commission (NAICOM).

Friday, September 6th , 2019

  • Access Bank Plc: Proposed interim dividend: N0.25; Closure date: September 24, 2019; Qualification
    date: September 23, 2019; Payment date: October 3, 2019.
  • United Bank for Africa Plc: Proposed interim dividend: N0.20; Closure date: September 13, 2019;
    Qualification date: September 12, 2019; Payment date: September 18, 2019.
  • Honeywell Flour Mills Plc: The Company announced the date of its 10th Annual General Meeting,
    scheduled to hold on September 26, 2019. AGM venue: Civic Centre, Ozumba Mbadiwe Street,
    Victoria Island, Lagos.

Wednesday, September 4th , 2019

  • Secure Electronic Technology Plc: The Company notified the general public following changes
    to its management team:
    Resignation
    Dr Odunlami Kola-Daisi – Managing Director/Chief Executive Officer
    Appointments
    i. Mr. Hamzat Abiodun – Managing Director/Chief Executive Officer
    ii. Mr. Olusoji Oyeyemi – Executive Director
  • Chams Plc: The Company notified the general public of the retirement of Mr. Sunday Olufemi
    Williams as the Group Managing Director/Chief Executive Officer after 28 years of service
    Subsequently, Mr. Gavin Young has been appointed as the new
    Group Managing Director/Chief Executive Director effective from November 1, 2019.

Monday, September 2nd, 2019

  • United Bank for Africa Plc: Proposed interim dividend: N0.20; Closure date: September 13, 2019;
    Qualification date: September 12, 2019; Payment date: September 18, 2019.
  • Honeywell Flour Mills Plc: The Company announced the date of its 10th Annual General Meeting,
    scheduled to hold on September 26, 2019. AGM venue: Civic Centre, Ozumba Mbadiwe Street,
    Victoria Island, Lagos.

Friday, August 30th , 2019

  • Zenith Bank Plc: The Company notified The Exchange of the change of its interim dividend
    payment date from September 2, 2019 to September 4, 2019.
  • PZ Cussons Nigeria Plc: Proposed dividend: N0.15k; Proposed bonus: Nil; Qualification
    date: October 11, 2019; Closure date: October 14 – 18, 2019; Payment date: October 30,
    2019
  • Guinness Nigeria Plc: Proposed dividend: N1.52k; Proposed bonus: Nil; Qualification date:
    September 20, 2019; Closure date: September 23 – 27, 2019; Payment: October 24, 2019.

Thursday, August 23rd, 2019

  • Zenith Bank Plc: Proposed dividend N0.30k; Proposed bonus: Nil; Qualification
    date: August 29, 2019; Closure date: August 30, 2019; Date of payment:
    September 2, 2019.

  • Zenith Bank Plc: The company notified The Exchange that the Board has
    approved the appointment of Mr. Henry Oroh as Executive Director and also the
    appointment of Dr. Al-Mujtaba Abubakar, FCA, as an Independent Non Executive
    Director.
  • Total Nigeria Plc: The company notified the Exchange of the appointment
    of Mrs. Lesley Baxter-GREEN as a Director with effect from August 16, 2019.

Wednesday, August 21st, 2019

  • Total Nigeria Plc: The company notified the Exchange of the appointment
    of Mrs. Lesley Baxter-GREEN as a Director with effect from August 16, 2019.

Monday, August 19th, 2019

  • Zenith Bank Plc: Proposed dividend N0.30k; Proposed bonus: Nil;
    Qualification date: August 29, 2019; Closure date: August 30, 2019;
    Date of payment: September 2, 2019.

Friday, August 16th, 2019

  • Oando Plc: The company notified The Exchange of the following
    changes on its Board:
    Appointment of Dr. Ainojie Alex Irune as an Executive Director
    effective August 9, 2019.
    Resignation of Mr. Mobolaji Osunsanya, a Non-Executive Director
    effective from August 9, 2019.
  • AIICO Insurance Plc: The company notified The Exchange of
    the appointment of Mr. Babatunde Fajemirokun as the Managing
    Director/ Chief Executive Officer with effect from August 14, 2019.
  • Guaranty Trust Bank Plc: Proposed dividend: N0.30k; Proposed
    bonus: Nil; Qualification date: September 2, 2019; Closure date:
    September 3, 2019; Payment date: September 11, 2019.

Thursday, August 15th, 2019

  • AIICO Insurance Plc: The company notified The Exchange of the appointment
    of Mr. Babatunde Fajemirokun as the Managing Director/ Chief Executive Officer
    with effect from August 14, 2019.

Wednesday, August 14th, 2019

Oando Plc: The company notified The Exchange of the following
changes on its Board:
i Appointment of Dr. Ainojie Alex Irune as an Executive Director
effective August 9, 2019.
ii Resignation of Mr. Mobolaji Osunsanya, a Non-Executive Director
effective from August 9, 2019.

Friday, August 9th, 2019

Oando Plc: The Company notified the Exchange of the appointment of Dr. Ainojie Alex Irune as
an Executive Director effective from August 9, 2019. Also, the Company announced the resignation
of Mr. Mobolaji Osunsanya as a Non-Executive Director effective from August 9, 2019.
Friday, August 2nd, 2019

Ecobank Transnational Incorporation Plc: The Company notified the Exchange of the appointment
of Nana Abban as Group Consumer Banking Head, with immediate effect. Nana will be a member
of the Group Executive Committee and report directly to the Group Chief Executive Officer.

CWG Plc: The Company notified the Exchange of the appointment of Mr. Adewale Adeyipo as the
susbtantive Managing Director/Chief Executive Officer with effect from August 1, 2019.

Ecobank Transnational Incorporation Plc: The Company notified the Exchange of the appointment
of Ayo Adepoju as Group Chief Financial Officer, with immediate effect.

Chemical & Allied Paints Plc: The Company notified the Exchange of the following Board changes:
Appointments
i. Mrs. Awuneba Ajumogobia: Non-Executive Director
ii. Mr. David Wright: Managing Director
iii. Mrs. Udo Okonjo: Non-Executive Director
Resignations
i. Mrs Omolara Elemide: resigned from the Board
ii. Mr. Solomon Aigbavboa: voluntary resignation from the Board

Livestock Feeds Plc: The Company notified the Exchange of the appointment of Mr. Adegboyega
Adedeji as the Acting Managing Director, following the voluntary retirement/resignation of Mr
Solomon Aigbavboa as Managing Director.

Forte Oil Plc: The Company notified the Exchange of the appointment of Mr. Oladeinde
Nelson-Cole as Acting Company Secretary effective from July 29, 2019. Mr. Nelson-Cole
will aslo serves as the Company’s Acting General Counsel.

GlaxoSmithKline Consumer Nigeria Plc: The Company announced to the investing public
of the resignation of Mr. Tunde Lemo, OFR, who resigned as an Independent Non-Executive
Director, effective from June 30, 2019.

Cutix Plc: Proposed final dividend: N0.1250; Proposed bonus: Nil; Closure date:
October 14 – 18, 2019; Qualification date: October 11, 2019; Payment date: October 30, 2019;
AGM date: October 25, 2019; AGM venue: Anaedo Hall, 20, Ezebwegbu Road, Otolo Nnewi.

Ikeja Hotel Plc: Proposed interim dividend: N0.03; Closure date: August 19 – 22, 2019;
Qualification date: August 16, 2019; Payment date: August 28, 2019.Thursday, August 1st, 2019

  • CWG Plc: The Company notified the Exchange of the appointment of Mr. Adewale Adeyipo
    as the susbtantive Managing Director/Chief Executive Officer with effect from August 1, 2019.
  • Ecobank Transnational Incorporation Plc: The Company notified the Exchange of the
    appointment of Ayo Adepoju as Group Chief Financial Officer, with immediate effect.
  • Chemical & Allied Paints Plc: The Company notified the Exchange of the following Board changes:
    Appointments
    i. Mrs. Awuneba Ajumogobia: Non-Executive Director
    ii. Mr. David Wright: Managing Director
    iii. Mrs. Udo Okonjo: Non-Executive Director
    Resignations
    i. Mrs Omolara Elemide: resigned from the Board
    ii. Mr. Solomon Aigbavboa: voluntary resignation from the Board
  • Livestock Feeds Plc: The Company notified the Exchange of the appointment of Mr. Adegboyega
    Adedeji as the Acting Managing Director, following the voluntary retirement/resignation of Mr
    Solomon Aigbavboa as Managing Director.

Wednesday, July 31st, 2019

  • Forte Oil Plc: The Company notified the Exchange of the appointment of Mr. Oladeinde
    Nelson-Cole as Acting Company Secretary effective from July 29, 2019. Mr. Nelson-Cole
    will aslo serves as the Company’s Acting General Counsel.
  • GlaxoSmithKline Consumer Nigeria Plc: The Company announced to the investing public
    of the resignation of Mr. Tunde Lemo, OFR, who resigned as an Independent Non-Executive
    Director, effective from June 30, 2019.
  • Cutix Plc: Proposed final dividend: N0.1250; Proposed bonus: Nil; Closure date:
    October 14 – 18, 2019; Qualification date: October 11, 2019; Payment date: October 30, 2019;
    AGM date: October 25, 2019; AGM venue: Anaedo Hall, 20, Ezebwegbu Road, Otolo Nnewi.
  • Ikeja Hotel Plc: Proposed interim dividend: N0.03; Closure date: August 19 – 22, 2019;
    Qualification date: August 16, 2019; Payment date: August 28, 2019.

Friday, July 26th, 2019

  • MTN Nigeria Plc: Proposed interim dividend: N2.95; Closure date: August 9 – 13, 2019; Qualification
    date: August 8, 2019; Payment date: August 16, 2019.
  • Deap Capital Plc: The Company notified the Exchange of the following changes to its
    Board of Directors:
    New Board
    i. Alhaji Murtala Aliyu – Non-Executive Director
    ii. Mr. Jacob Esan – Non-Executive Director
    iii. Mr. Joe Idudu – Chairman
    iv. Mr. Emmanuel Ugboh – Non-Executive Director
    v. Dr. Kenneth Olise – Non-Executive Director
    vi. Mr. Edmond Ani – Non-Executive Director
    vii. Mr. Joel Omole – Managing Director
  • Seplat Petroleum Development Company: The Company notified the Exchange of the
    appointment of Madame Nathalie Delapalme as a Non-Executive Director effective from
    July 18, 2019.

Wednesday, July 24th, 2019

  • Deap Capital Plc: The Company notified the Exchange of the following changes to its
    Board of Directors:
    New Board
    i. Alhaji Murtala Aliyu – Non-Executive Director
    ii. Mr. Jacob Esan – Non-Executive Director
    iii. Mr. Joe Idudu – Chairman
    iv. Mr. Emmanuel Ugboh – Non-Executive Director
    v. Dr. Kenneth Olise – Non-Executive Director
    vi. Mr. Edmond Ani – Non-Executive Director
    vii. Mr. Joel Omole – Managing Director
  • Seplat Petroleum Development Company: The Company notified the Exchange of the
    appointment of Madame Nathalie Delapalme as a Non-Executive Director effective from
    July 18, 2019.

Friday, July 19th, 2019

  • May & Baker Plc: The Company notified the Exchange of the appointment of Senator Daisy
    Danjuma as a Non – Executive Director.
  • Conoil Plc: Proposed dividend: N2.00; Proposed bonus: Nil; Closure date: August 5 – 9, 2019;
    Qualification date: August 2, 2019; Payment date: August 23, 2019; AGM date: August 16, 2019;
    AGM venue: Le Meridien Ibom Hotel and Golf Resort, Uyo, Akwa Ibom.
  • Meyer Plc: The Company notified the Exchange of the appointment of Mr. Rotimi Alashe as the
    Chief Financial Officer (CFO), effective from July 1, 2019.
  • Flour Mills of Nigeria: Proposed dividend: N1.20; Proposed bonus: Nil; Closure date: August 12 -16,
    2019; Qualification date: August 9, 2019; Payment date: September 6, 2019; AGM date: September
    4, 2019; AGM venue: The Grand Ball Room, Eko Hotel & Suites, Adetokunbo Ademola Street,
    Victoria Island, Lagos.

Thursday, July 18th, 2019

  • May & Baker Plc: The Company notified the Exchange of the appointment
    of Senator Daisy Danjuma as a Non – Executive Director.

Wednesday, July 17th, 2019

  • Conoil Plc: Proposed dividend: N2.00; Proposed bonus: Nil; Closure date: August 5 – 9, 2019;
    Qualification date: August 2, 2019; Payment date: August 23, 2019; AGM date: August 16, 2019;
    AGM venue: Le Meridien Ibom Hotel and Golf Resort, Uyo, Akwa Ibom.
  • Meyer Plc: The Company notified the Exchange of the appointment of Mr. Rotimi Alashe as the
    Chief Financial Officer (CFO), effective from July 1, 2019.
  • Flour Mills of Nigeria: Proposed dividend: N1.20; Proposed bonus: Nil; Closure date: August 12 -16,
    2019; Qualification date: August 9, 2019; Payment date: September 6, 2019; AGM date: September
    4, 2019; AGM venue: The Grand Ball Room, Eko Hotel & Suites, Adetokunbo Ademola Street,
    Victoria Island, Lagos.

Tuesday, July 16th, 2019

  • Meyer Plc: The company notified The Exchange of the appointment
    of Mr. Rotimi Alashe as the Chief Financial Officer (CFO), with effect
    from July 1, 2019.
  • Flour Mills of Nigeria Plc: Proposed dividend: N1.20k; Proposed
    bonus: Nil; Qualification date: August 9, 2019; Closure date: August
    12 – 16, 2019; Payment date: September 6, 2019; AGM date:
    September 4, 2019; AGM venue: The Grand Ball Room, EKO Hotel
    & Suites, Adetokunbo Ademola Street, VI, Lagos.

Friday, July 12th, 2019

  • Notore Chemical Industries Plc: The Company notified the Exchange of the resignation of
    the following:
    i. Mr. Oluwaseyi Owodunni – Non-Executive Director
    ii. Mr. Olusoji Emiola – Non-Executive Director

Thursday, July 11th, 2019

  • Notore Chemical Industries Plc: The Company notified the Exchange of the resignation of
    the following:
    i. Mr. Oluwaseyi Owodunni – Non-Executive Director
    ii. Mr. Olusoji Emiola – Non-Executive Director

Thursday, July 04th, 2019

  • Forte Oil Plc: The Company notified the Exchange of the resignation of its General
    Counsel & Company Secretary, effective July 1, 2019.

Thursday, June 28th, 2019

  • C&I Leasing Plc: Proposed dividend: N0.075; Proposed bonus: Nil; Closure date:
    July 15, 2019 – July 19, 2019; Payment date: July 31, 2019; AGM date: July 30, 2019
    AGM venue: The Incubator, 7/8 Chief Yesuf Abiodun Way, City of David Road, Oniru,
    Victoria Island, Lagos.
  • Forte Oil Plc: The Company notified the Exchange of the following Board changes:
    Resignations
    i. Mr. Femi Otedola
    ii. Mr. Akin Akinfemiwa
    iii. Mr. Julius Omodayo-Owotuga
    iv. Mr. Christopher Adeyemi
    v. Mr. Anil Dua
    vi. Mrs. Suleiman Salamatu
    vii. Dr. Mairo Mandara
    viii. Mr. Nicolas Vervelde
    Appointments
    i. Alhaji Abdulwasiu Sowami
    ii. Alhaji Aminu Umar
    iii. Mr. Olusola Adeeyo
    iv. Mr. Olumide Adeosun
    v. Mr. Moshood Olajide
    vi. Mrs. Durosinmi-Etti Aniola
    The above-listed appointments are effective from June 20, 2019.
  • ABC Transport Plc: The Company notified the Exchange of the retirement of Mr. Ifeanyi
    Izuka, as Director of Operations and Logistics. His retirement took effect from June 1, 2019.

    Seplat Petroleum Development Company Plc: The Company notified the Exchange of the
    voluntary resignation/retirement of Mr. Macaulay Agbada Ofurhie from the Board, effective from
    June 30, 2019. In addition, the Company announced the appointment of Mrs. Edith Onwuchekwa
    as the new Company Secretary/Chief Governance and Compliance Officer.

  • NPF Microfinance Bank Plc: Proposed dividend: N0.05; Proposed bonus: Nil, Closure date: July
    8 – 12, 2019; Payment date: July 25, 2019. AGM date: July 25, 2019; AGM venue: Ibom Hotel and
    Golf Resort, Nwaniba Road, Uyo, Akwa Ibom State.
  • Forte Oil: The Company notified the Exchange of the following changes to its management
    team:
    Resignations
    i. Mr. Akin Akinfemiwa – Chief Executive Officer
    ii. Mr. Julius Omodayo-Owotuga – Chief Financial Officer
    Appointments
    i. Mr. Olumide Adeosun – Chief Executive Officer
    ii. Mr. Moshood Olajide – Chief Financial Officer
  • Forte Oil: The Company notified the Exchange of the completion of acquistion of 74.02%
    shareholding from Mr. Femi Otedola, CON in its downstream operations by Ignite Investments
    and Commodities Limited led by Prudent Energy Services Limtied.
  • Julius Berger: The Company notified the Exchange of the appointment of Engr. Goni Musa Sheikh
    as a non-executive Director.
  • Japaul Oil & Maritime Service Plc: The Company notifiied the exchange of the following appointments:
    i. Mrs. Funmilola Omodamori – Executive Director, Finance & Planning
    ii. Engr. Kingsley Uyokpeyi – Executive Director, Operations

Monday, June 25th, 2019

  • C&I Leasing Plc: Proposed dividend: N0.075; Proposed bonus: Nil; Closure date:
    July 15, 2019 – July 19, 2019; Payment date: July 31, 2019; AGM date: July 30, 2019
    AGM venue: The Incubator, 7/8 Chief Yesuf Abiodun Way, City of David Road, Oniru,
    Victoria Island, Lagos.
  • Forte Oil Plc: The Company notified the Exchange of the following Board changes:
    Resignations
    i. Mr. Femi Otedola
    ii. Mr. Akin Akinfemiwa
    iii. Mr. Julius Omodayo-Owotuga
    iv. Mr. Christopher Adeyemi
    v. Mr. Anil Dua
    vi. Mrs. Suleiman Salamatu
    vii. Dr. Mairo Mandara
    viii. Mr. Nicolas Vervelde
    Appointments
    i. Alhaji Abdulwasiu Sowami
    ii. Alhaji Aminu Umar
    iii. Mr. Olusola Adeeyo
    iv. Mr. Olumide Adeosun
    v. Mr. Moshood Olajide
    vi. Mrs. Durosinmi-Etti Aniola
    The above-listed appointments are effective from June 20, 2019.
  • ABC Transport Plc: The Company notified the Exchange of the retirement of Mr. Ifeanyi
    Izuka, as Director of Operations and Logistics. His retirement took effect from June 1, 2019.
  • Seplat Petroleum Development Company Plc: The Company notified the Exchange of the
    voluntary resignation/retirement of Mr. Macaulay Agbada Ofurhie from the Board, effective from
    June 30, 2019. In addition, the Company announced the appointment of Mrs. Edith Onwuchekwa
    as the new Company Secretary/Chief Governance and Compliance Officer.
  • NPF Microfinance Bank Plc: Proposed dividend: N0.05; Proposed bonus: Nil, Closure date: July
    8 – 12, 2019; Payment date: July 25, 2019. AGM date: July 25, 2019; AGM venue: Ibom Hotel and
    Golf Resort, Nwaniba Road, Uyo, Akwa Ibom State.

Friday, June 21st, 2019

  • Forte Oil: The Company notified the Exchange of the following changes to its management
    team:
    Resignations
    i. Mr. Akin Akinfemiwa – Chief Executive Officer
    ii. Mr. Julius Omodayo-Owotuga – Chief Financial Officer
    Appointments
    i. Mr. Olumide Adeosun – Chief Executive Officer
    ii. Mr. Moshood Olajide – Chief Financial Officer
  • Forte Oil: The Company notified the Exchange of the completion of acquistion of 74.02%
    shareholding from Mr. Femi Otedola, CON in its downstream operations by Ignite Investments
    and Commodities Limited led by Prudent Energy Services Limtied.
  • Julius Berger: The Company notified the Exchange of the appointment of Engr. Goni Musa Sheikh
    as a non-executive Director.
  • Japaul Oil & Maritime Service Plc: The Company notifiied the exchange of the following appointments:
    i. Mrs. Funmilola Omodamori – Executive Director, Finance & Planning
    ii. Engr. Kingsley Uyokpeyi – Executive Director, Operations

Thursday, June 13th, 2019

  • Portland Paints Plc: The company wishes to inform The Exchange of
    the appointment of Mrs. Bolarin Okunowo as a Non-Executive Director
    with effect from May 29th, 2019.

Friday, June 7th, 2019

  • Oando Plc: The Company notified the Exchange of the resignation of Chief Sena Anthony and
    Mr.Oghogho Akpata as Non-Executive Directors of its Board.

  • Presco Plc: Proposed dividend: N2.00; Closure date: July 8 – July 10, 2019 (both days inclusive);
    Payment date: July 29, 2019; AGM date: The Dura Club, Obaretin Estate, Km 22 Benin Sapele
    Road, Ikpoba/Okha LGA, Edo State, Nigeria.
  • etranzact Plc: The Company notified the Exchange of the following appointments:
    i. Mr. Olaniyi Toluwalope – Managing Director/ Chief Executive Officer
    ii. Mr Hakeem Adeniji-Adele – Deputy Managing Director

  • CAP Plc: The Company notified the Exchange of the following appointments:
    i. Mrs. Muhibat Omobolanle Idowu Abbas – Non-Executive Director
    ii. Mrs. Bolarin Okunowo – Non-Executive Director
  • Forte Oil Plc: Revised Corporate Action Information:
    i. Proposed Dividend: N1.15
    ii. Closure of Register: June 6 – 7, 2019
    iii. Qualification Date: June 3, 2019
    iv. Payment Date: June 10, 2019
  • Dangote Cement Plc: Revised Corporate Action Information:
    i. Proposed Dividend: N16.00
    ii. Closure of Register: June 6 – 10, 2019
    iii. Qualification Date: June 03, 2019
    iv. Payment Date: June 18, 2019

Thursday, June 6th, 2019

  • Presco Plc: Proposed dividend: N2.00; Closure date: July 8 – July 10, 2019 (both days inclusive);
    Payment date: July 29, 2019; AGM date: The Dura Club, Obaretin Estate, Km 22 Benin Sapele
    Road, Ikpoba/Okha LGA, Edo State, Nigeria.
  • etranzact Plc: The Company notified the Exchange of the following appointments:
    i. Mr. Olaniyi Toluwalope – Managing Director/ Chief Executive Officer
    ii. Mr Hakeem Adeniji-Adele – Deputy Managing Director
  • CAP Plc: The Company notified the Exchange of the following appointments:
    i. Mrs. Muhibat Omobolanle Idowu Abbas – Non-Executive Director
    ii. Mrs. Bolarin Okunowo – Non-Executive Director

Monday, June 3rd, 2019

  • Forte Oil Plc: Revised Corporate Action Information:
    i. Proposed Dividend: N1.15
    ii. Closure of Register: June 6 – 7, 2019
    iii. Qualification Date: June 3, 2019
    iv. Payment Date: June 10, 2019
  • Dangote Cement Plc: Revised Corporate Action Information:
    i. Proposed Dividend: N16.00
    ii. Closure of Register: June 6 – 10, 2019
    iii. Qualification Date: June 03, 2019
    iv. Payment Date: June 18, 2019

Tuesday, May 31st, 2019

  • Livestock Feeds Plc: The Company notified the Exchange of the appointment of Mr. Joseph
    Dada as a Non-Executive Director, with effect from May 27, 2019.

Tuesday, May 28th, 2019

  • Livestock Feeds Plc: The Company notified the Exchange of the appointment of Mr. Joseph
    Dada as a Non-Executive Director, with effect from May 27, 2019.

Thursday, May 23rd, 2019

  • Conoil Plc: The Company notified the Exchange of the appointment of Mr. Ismail
    Salam as the Acting Executive Director of Finance.
  • Forte Oil Plc: Notification of Special dividend:
    Proposed dividend: N1.15
    Closure date: June 4 – 7, 2019
    Qualification dat: June 3, 2019
    Payment date: June 10, 2019

Friday, May 17th, 2019

  • Sterling Bank Plc: The Company notified the Exchange of the appointment of Mr. Femi
    Jaiyeola as the Chief Compliance Officer.
  • AXA Mansard Insurance Plc: The Company notified the Exchange of the following changes
    to its Board:
    Resignation
    i. Mrs. Karima Silvent – Non – Executive Director
    Appointment
    ii. Mr. Sohail Ali – Executive Director

Monday, May 13th, 2019

  • Sterling Bank Plc: The Company notified the Exchange of the appointment of Mr. Femi
    Jaiyeola as the Chief Compliance Officer.
  • AXA Mansard Insurance Plc: The Company notified the Exchange of the following changes
    to its Board:
    Resignation
    i. Mrs. Karima Silvent – Non – Executive Director
    Appointment
    ii. Mr. Sohail Ali – Executive Director

Friday, May 3rd, 2019

  • Berger Paints Nigeria Plc: The Company notified the Exchange of the appointment of Mr. Anjan Sircar and Mr Tolulope
    Ogunkolade as the Chief Executive Officer and Chief Operating Officer respectively. Mr. Sircar’s appointment is effective from
    April 30, 2019, while Mr. Ogunkolade’s appointment is effective on May 6, 2019.
  • Nigerian Aviation Handling Company Plc (NAHCO Aviance): The Company informed the Exchange of the following appointments:
    i. Mrs. Abimbola Adunola Adebakin – Independent Non-Executive Director, effect from April 26, 2019.
    ii. Prince Saheed Lasisi – Executive Director, Business Development and Commercial, effective from May 1, 2019.
    iii. Mr. Adeoye Emiloju – Chief Financial Officer, effective from May 1, 2019.
  • GlaxoSmithKline Nigeria Plc: The Company notified the Exchange of the following changes to its Board:
    Resignations
    i. Mr. Bhushan Akshikar – Managing Director
    ii. Mr. Kareem Hamdy – Finance Director
    Appointments
    i. Mr. Kunle Oyelana – Managing Director
    ii. Mr. Mark Pfister – Finance Director

  • Portland Paints & Products Nigeria Plc: The Company noitified the Exchange of the appointment of Mrs. Esosa Vanessa
    Balogun as a Non-Executive Director effective from April 25, 2019.
  • Sterling Bank Plc: The Company notified the Exchange of the following appointments:
    i. Mr. Tunde Adeola – Executive Director
    ii. Mr. Raheem Owodeyi – Executive Director
    iii. Mr. Subbaramaiah Rajapur – Non – Executive Director
  • MRS Oil Nigeria Plc: The Company notified the Exchange of the resignation of Dr. Paul Bissohong as a Director, effective from
    April 30, 2019.
  • Ecobank Transational Incorporated: The Company announced that its Chief Fiancial Officer, Greg David, is leaving his post.
    The Board accepted the resignation, and has appointed Ayo Adepoju as acting CFO.

Thursday, May 2nd, 2019

  • GlaxoSmithKline Nigeria Plc: The Company notified the Exchange of the following changes to
    its Board:
    Resignations
    i. Mr. Bhushan Akshikar – Managing Director
    ii. Mr. Kareem Hamdy – Finance Director
    Appointments
    i. Mr. Kunle Oyelana – Managing Director
    ii. Mr. Mark Pfister – Finance Director
  • Portland Paints & Products Nigeria Plc: The Company noitified the Exchange of the appointment
    of Mrs. Esosa Vanessa Balogun as a Non-Executive Director effective from April 25, 2019.
  • Sterling Bank Plc: The Company notified the Exchange of the following appointments:
    i. Mr. Tunde Adeola – Executive Director
    ii. Mr. Raheem Owodeyi – Executive Director
    iii. Mr. Subbaramaiah Rajapur – Non – Executive Director
  • MRS Oil Nigeria Plc: The Company notified the Exchange of the resignation of Dr. Paul Bissohong
    as a Director, effective from April 30, 2019.



Nigeria Company News





Wednesday, June 26, 2018

  • Nestle Nigeria Plc: The company notified the Exchange of the appointment of Mr. Remy
    Ojei as a non-exectuive director with effect from July 1, 2018. He replaces Mr. Kais Marzouki
    whom is relocating to Phillipines to take up a new role.

Tuesday, June 26, 2018

  • Nestle Nigeria Plc: The company notified the Exchange of the appointment of Mr. Remy
    Ojei as a non-exectuive director with effect from July 1, 2018. He replaces Mr. Kais Marzouki
    whom is relocating to Phillipines to take up a new role.
  • Linkage Assurance Plc: The company notified the Exchange of the appointemnt of Daniel
    Braie as Acting Managing Director/Chief Executive Officer.
  • Dangote Sugar Plc: The company has notifed the Exchange of the appointment of Engr.
    Abdullahi Sule as the substantive Group Managing Director (GMD).
  • Union Bank Plc: A total of 280,956,166 units of Union Bank of Nigeria Plc shares was done
    today at N5.50k in one deal. The deal was a negotiated cross deal by Cardinal Stone Securities
    as buyer and seller.

Monday, June 25, 2018

  • Cutix Plc: The company notified the Exchange of the appointment of Mrs. Chinwendu Nwokporo as
    the Company Secretary of the Company with effect from April 26, 2018.
  • Japaul Oil Plc: The company notified the Exchange of the appointment of Hon. Abdulkadir Mamman
    Nasir as a Non-Executive Director; Mr Kingsley Uyokpeyi as Acting Executive Director of Operatons
    & Planning; and Mrs. Funmi Omodamori as Acting Executive Director, Finance & Planning.
  • Livestock Feeds Plc: The company announced the change of schedule of AGM earlier scheduled
    to hold on Thursday 31 May, 2018, to now be held on Monday 23 July 2018 at 10.00am at Golden
    Tulip, Festac, Amuwo Odofin, Lagos State.
  • Portland Paints Plc: The company announced the change of schedule of AGM earlier scheduled to
    hold on Wednesday 30 May, 2018, to now be held on Friday 20 July 2018 at 10.00am at Golden Tulip,
    Festac, Amuwo Odofin, Lagos State.
  • Transcorp Plc: The company notified the Excghange of the appointment of Mrs. Owen Omogiafo as an
    Executive Director of Transcorp Plc with effect from July 1, 2018.

Thursday, June 14, 2018

  • CHEMICAL AND ALLIED PRODUCTS Plc: The company notified the Exchange of
    the announcement of a new date for the Annual General Meeting of the company
    from Monday 18th June, 2018 to Tuesday 19th June, 2018 at Golden Tulip Festac,
    Amuwo-Odofin, Lagos State at 10.00am.
  • Ecobank Transnational Incorporated Plc: The company notified the Exchangeof the departure of Ms. Dolika Banda from its Board of Directors.
  • Custodian and Allied Plc: The company notified the Exchange of its change of
    name from Custodian and Allied Plc to Custodian Investment Plc.
  • UNITED CAPITAL Plc: The company notified the Exchange of the appointment
    of Mr. Peter Ashade as the new Group CEO following the retirement of Mrs.
    Oluwatoyin Sanni effective June 30, 2018.
  • AFRICAN ALLIANCE INSURANCE Plc: The company notified the Exchange of
    the resignation of Hon. Ambassador Nurain Abayomi Mumuni as a Non-Excecutive
    Director from the Board effective May 15, 2018.

  • DANGOTE FLOUR MILLS Plc: The company notified the Exchange of the change
    of venue for its Annual General Meeting to Lagos Oriental Hotel, 3 Lekki Road, VI,
    Lagos due to logistic issues. The date, time and agenda of the meeting remains the
    same.
  • CEMENT COMPANY OF NORTHERN NIGERIA Plc: Proposed dividend: N1.25k;
    Proposed bonus: Nil; Qualification date: June 14, 2018; Closure date: June 19-22,
    2018; Payment date: July 27, 2018; AGM date: July 26, 2018; AGM venue: Lantana
    Hall, Eko Hotel & Suites, Plot 1415 Adetokunbo Ademola Street, VI, Lagos.

Wednesday, June 13, 2018

  • UNITED CAPITAL Plc: The company notified the Exchange of the
    appointment of Mr. Peter Ashade as the new Group CEO following
    the retirement of Mrs. Oluwatoyin Sanni effective June 30, 2018.

Tuesday, June 12, 2018

    • Ecobank Transnational Incorporated Plc: The company notified the Exchange of the
      departure of Ms. Dolika Banda from its Board of Directors.
  • Custodian and Allied Plc: The company notified the Exchange of its change of name
    from Custodian and Allied Plc to Custodian Investment Plc.
  • CHEMICAL AND ALLIED PRODUCTS Plc: The company notified the Exchange of
    the announcement of a new date for the Annual General Meeting of the company
    from Monday 18th June, 2018 to Tuesday 19th June, 2018 at Golden Tulip Festac,
    Amuwo-Odofin, Lagos State at 10.00am.
    Banks-Lending-Rates-March-2-2018

Thursday, June 7, 2018

  • Universal Insurance Plc: The company notifed the Exchange of the appointment of
    Mr. Paulinus Oluchukwu Offorzor as the Executive Director, Technical of the company.

Wednesday, June 6, 2018

  • FTN COCOA Plc: The company notified the Exchange of change of registered office from
    Plot 5, Block 77, Basheer Shittu Avenue, Magodo G. R. A., Lagos to No. 21, Emmanuel
    Keshi Street, Magodo G. R. A., Lagos.

Monday, June 4, 2018

  • CONOIL Plc: Proposed dividend: N2.00k.

Friday, May 25, 2018

  • IKEJA HOTEL Plc: The Exchange notified that the suspension placed on the
    shares of Ikeja Hotel Plc has been lifted today; May 21, 2018. Consequently,
    trading in the shares of the Company has resumed.

    STERLING BANK PLC: The company notified the Exchange of the retirement
    of Mr. Mudathir Kayode Lawal and Mrs. Egbichi Akinsanya as Executive and
    Non-Executive Directors respectively.

Thursday, May 24, 2018

  • STERLING BANK PLC: The company notified the Exchange of the retirement
    of Mr. Mudathir Kayode Lawal and Mrs. Egbichi Akinsanya as Executive and
    Non-Executive Directors respectively.

Monday, May 21, 2018

  • IKEJA HOTEL Plc: The Exchange notified that the suspension placed
    on the shares of Ikeja Hotel Plc has been lifted today; May 21, 2018.
    Consequently, trading in the shares of the Company has resumed.