CORPORATE NEWS: eTranzact, Cornerstone Insurance, Forte oil, Unity Kapital insurance.

e-TRANZACT PLC: NEW DIRECTORS.

e-TRANZACT PLC has appointed two new non-executive directors to its board. They are Messrs Adeyinka Olatokunbo Asekun and Afolabi Oyedeji Oladele.

Mr Asekun was appointed since April 28, while Mr Oladele joined on July 21, 2016.

Mr Asekun holds Bsc in Business administration from University of Wisconsin and an MBA from California state university.

He brings on board years of experience as a top Nigerian retail banker with stints at International Merchant bank, UBA, and Oceanic bank. He was also CEO of Hebron Ltd, a consulting firm.

He is currently the chairman of the board of directors of Wema bank PLC.

Mr Oladele, on the other hand, holds Bsc Chemical Engineering from Obafemi Awolowo University, Ile-ife, and is a fellow of the Nigerian society of chemical engineers.

He is certified in petroleum economics by French Petroleum Institute and in applied international management by Sigtuna-Sweden.

His working experience was gathered from decades in the NNPC group and as co-founder of Frezone Fabrication International ltd.

He is currently the chairman of Subsurface Resources Management and Partner (oil & gas investment) at Africa Capital Alliance Nigeria.

CORNERSTONE INSURANCE: OKOLI JOINS BOARD.

At a pre AGM meeting held on July 22, the board of directors of Cornerstone Insurance PLC appointed Mr Ekwunife Okoli as non-executive director.

Mr Okoli brings to bear over 30 years experience in international business management particularly as CEO of Guinness Ghana; Guinness Cameroon and African Regional market for Guinness at one time or the other before retirement.

He holds Bsc from University of Nigeria, Nsukka and an MBA from the University of Benin.

FORTE OIL PLC: MRS EKPEYONG RETIRES.

Dr Mrs Grace Ekpeyong has retired from the board of directors of Forte Oil plc .

Until her retirement, she was non executive director of the company from 1999 when she was appointed.

UNITY KAPITAL: INTERIM DIVIDEND.

Unity Kapital insurance has decided to pay interim dividend to shareholders as follows:

Dividend.    0.15k per share
Qualification date 12/8/2016
Register closure: 15-19/8/2016
Payment date: 22/8/2016.

Comments

Post a Comment

Popular posts from this blog

NAIROBI SE's HIGH PRICED EQUITIES.

In the wake of Nigeria's high priced quoted companies posted in this blog a while ago, Henates took a look to at Nairobi Securities Exchange June 23 official list to identify its high priced equities and the outcome was interesting too. Of the 66 companies quoted on the market by June 23, 15 or 22.7% were valued averagely at above 30 times nominal value. A word of caution though: There are two clear differences between the Nigerian stock market list and that of Nairobi: In the Nigerian one most listed companies have par or nominal value of N0.50 as is there is an implied agreement on this. On the other hand, at Nairobi most of the equities do not share common par value, they differ greatly. Then another thing, Nigerian equities are not valued below par, Nairobi ones can and many are so valued. Of the top 15 high priced equities at the Nairobi market, Safaricom topped with because by June 23, at 23.25 Ksh average price, it was valued 465 times its nominal value of just 0.0...
Read more

2018: TWO BLOWS TO UNITED CAPITAL PLC.

When a child who in a previous examination scored 80%, comes home with a new report in which he now scores 67.2%, the parents have a right to sit him down and ask how come. So it must be between Nigeria's United Capital Plc and its discerning shareholders since the release of the company's 2018 audited figures. In 2018, all said and done, says the annual report, United Capital ended with 67.2 % profit margin compared to 80.2% in 2017. How come? What comes across from the figures was that the company received 2 blows to the jugular in 2018: Sharp drops in Investment income and fair value gain. Investment income dropped by 10.8% to N4422.8m from N4965.2m while fair value on financial assets plunged by 79.7% to N6.173m from 2017's N30.387m. In view of both drops, the group's gross earnings grew by only 33.9% to N9259.4m despite strong growths in net trading income, and net operating income leap to N757.5m from N143.5m  Other income streams ended with single digit increase....
Read more

JAN 9, 2019: TREND CONTINUES AT GHANA STOCK EXCHANGE

On Wednesday, January 9 2019, the up one day, down next trend noticed at the Ghana Stock Exchange since this year continued with the Composite Index rising from 2581.46 to 2582.70. The trend had started with drop in GCI on first trading day January 2 and continued till Tuesday's marginal decline as only one equity recorded price change and downwards. The Wednesday rally was underpinned by 3 price gains and one drop. The leading gain was GHs 0.03 per share by Trust Bank ltd of Gambia as it also recorded top trade for the day. TBL's leading 119,200 shares were traded with last deal at GHs 0.26 per share compared to GHs 0.23 close on Tuesday. However, closing  bid was at GHs 0.20 per share thus hinting at possible further drop ahead although it will take a matching offer price to make this happen  The 2 other price gains were GHs 0.01 per share each. CAL Bank recorded deals for 8300 shares with the last deal and closing price at GHs 1 per share, compared to GHs 0.99 previously. Wh...
Read more