NOV 26, 2018: NEWS BRIEFS FROM CORPORATE NIGERIA

UBA DIVESTS FROM IKEJA HOTEL

UBA, through its UBA Trustees Ltd, has sold its 279.104m shares in Ikeja Hotel Plc to OMA Investments Ltd.

According to official notice from Olayiwola Osituwo Compliance Officer of Ikeja Hotel, the deal brings OMA's shareholding in the company to 538.109m shares or 25.89%.

He says the deal was reportedly done at N2.05 per share amounting to $572m. This was the closing price on the Nigerian Stock Exchange by last Friday November 23, 2018.

II PLC RESUMES AVIATION FUEL SALE.

II Plc, formerly Mobil oil Nigeria, has resumed sale of aviation fuel after 5 years of inaction.

The sales resumed at the Murtala Mohammed International Airport and the domestic wing in collaboration with Air BP.

According to the company, resumption was possible because of construction of new 20m liter aviation fuel tank and laying of new pipelines linking its facilities to Apapa jetty.

11 PLC's CEO, Mr O Oyebanji said of the development:
"We are delighted with the relaunch and our collaboration with Air BP....we are leveraging their innovative technical support and risk management expertise to provide best in class aviation fuel services to airline customers".

GOLDLINK INSURANCE CHAIRMAN RESIGNS.

The chairman of the board of directors of Goldlink Insurance plc has resigned from the board.

According to company Secretary and legal adviser. Tobi Olaleye, he resigned on November 5, this year.

INTERLINKED TECHNOLOGIES PLC TO GET NEW MAJOR SHAREHOLDER.

Interlinked Technologies plc has Boussole Integrated Ltd currently as its majority shareholder but that is soon to change.

According to official notice from Interlinked Technologies, this was because Boussole is undergoing restructuring that may affect its own shareholding.

Talks are on, says the company, between Boussole and Eunisell Ltd for a joint venture to execute projects in power, oil & gas and industrial sectors.

At the end of the talks, Boussole is expected to be owned 100% by Eunisell hence it will become Interlinked Technologies new majority shareholder.

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