CORPORATE NEWS: Skye Bank's new Counsel and PZ's dividend.

SKYE BANK PLC: NEW GENERAL COUNSEL.

Skye Bank PLC has announced the appointment of a new general counsel and company secretary from August 8, 2016.

He is Mr Babatunde Osibodu, hitherto a partner in Osibodu & Balogun firm of legal practitioners.

According to a notice to the Nigerian stock exchange, Mr Osibodu joins Skye Bank armed with over 30 years experience as a practicing lawyer both in Nigeria and the United Kingdom.

At different times he was a partner in the following London firms: Miles & partners, Addie & co and Regency solicitors.

According to the notice his experience was mainly in project finance, debt recovery, property acquisition and general corporate finance.

He is now both the legal adviser and company secretary of Skye Bank, although like for most senior banking appointments, this was subject to the approval of Central Bank of Nigeria. (CBN).

PZ CUSSONS PLC DECLARES DIVIDEND.

The board of directors of PZ Cussons PLC has recommended 50k per share dividend for the year to May 2016.

If approved by the shareholders at the next annual general meeting scheduled for October 6,this year, the dividend will be paid on October 7.

The register of shareholders will be closed from September 19 to 23 in order to determine those entitled to the dividend.

The annual general meeting is to hold at Transcorp Hotel, Abuja.

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