Corporate and Commercial

Despite a significant sell pressure witnessed in Nigeria’s stock market last week, shares of Transcorp Plc rose 45 per cent after one of the country’s prominent billionaire, Femi Otedola acquired a 5.52 per cent stake in the company. Transcorp had on April 18,…

The management of Transnational Corporation Plc, yesterday faulted media reports that billionaire investor, Mr. Femi Otedola, has acquired 5.52 per cent stake in the publicly traded diversified conglomerate quoted on the Nigerian Exchange Limited (NGX). A top stockbroker had disclosed to press that…

Billionaire businessman, Mr. Femi Otedola has emerged largest single individual shareholder in Transnational Corporation Plc (Transcorp), a publicly traded diversified conglomerate chaired by Mr. Tony Elumelu. A top stockbroker at the Nigerian Exchange Group (NGX), disclosed to press that the billionaire now owns…

The management of FrieslandCampina WAMCO Nigeria Plc, manufacturers of Peak Milk, has apologised to the Christian Association of Nigeria for using the crucifixion of Jesus Christ as a metaphor to promote their product on Good Friday, saying the social media’ advertisement has…

Shareholders under the aegis of the Proactive Shareholders Association of Nigeria (PROSAN) have called for an urgent review of the virtual Annual General Meeting (AGM) arrangement, insisting the current practice contradicts the Companies and Allied Matters Act (CAMA) stipulated rules and guidelines. To…

Seplat Energy Plc has rebutted allegations against its Chief Executive Officer, Mr. Roger Brown and the Board of Directors of the company. Seplat in a statement rebutted the allegation that its CEO, on resumption of office in 2020, embarked on a forced resignation…

Telecommunications company, MTN Nigeria, has proposed a merger of its two finance subsidiaries; Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. This was revealed in its proposed resolutions for its 2023 Annual General Meeting scheduled to hold in April. The company…

The Chief Executive Officer of Seplat Energy PLC, Roger Brown, has stepped down from office following the order of a Federal High Court in Lagos. The court restrained Brown from parading himself as the firm’s CEO pending the determination of a suit filed…

The Minister of Interior, Abuja has revoked the Work Permit, Visa and Residence Permit of the Chief Executive Officer (CEO) of Seplat Energy Plc, Mr. Roger Brown, over allegations of racism, favouring of foreign workers and discrimination against Nigerian employees levelled against…