CORPORATE NEWS: UNITY BANK, FORTE OIL,

UNITY BANK MOVES HQ FROM ABUJA

Unity Bank PLC has moved its headquarters from Abuja, Nigeria's administrative capital to Lagos, the nation's commercial and industrial centre.
According to an official letter to the Nigerian stock exchange dated January 11 but posted on the exchange's website this week, the move was from plot 785, Herbert Macaulay Way, Central Business District, Abuja to Plot 42, Ahmadu Onibudo street, Victoria Island. Lagos.
Approved by the Central Bank of Nigeria since December 21, 2015, the move puts a distance between top executives and  the CBN headquarters in Abuja but nearer many other banks with only strong representation in Abuja even now.

FORTE OIL BONUS ISSUE MARCH.

The issue of bonus shares to shareholders which has been on the front burner for Forte Oil PLC since last year is finally to be done with by March this year.
According to Forte Oil General Counsel, Akinleye Olagbende esq the Securities and Exchange Commission (SEC) has given first quarter this year deadline for resolution of all outstanding matters to do with the bonus leading to actual issuance by then.
In a letter to the stock exchange, Olagbende apologized to shareholders for the delay and assured that the bonus will be applied by March after resolution of all outstanding issues.

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