Company Report
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Osmond Ketiku, CEO of Osmond properties assures Nigerians of new viable land investment option
Investment, according to many financial advisors, is one of the guaranteed ways to double one’s income and journey towards financial freedom. Of the many options there are, land investment tops the list as one of the most reliable ways of building wealth as it is believed to be secured, has no value depreciation, and translates easily into transgenerational wealth. Along…
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Honeywell Group pays condolence visit to British High Commission in Lagos
The Chairman, Honeywell Group Limited (HGL), Oba Otudeko visited the British Deputy High Commissioner in Lagos, Nigeria, Ben Llewellyn-Jones, on Tuesday to offer his condolences following the passing of the British Monarch, Queen Elizabeth II. Oba Otudeko, who was in the company of senior HGL executives, signed the condolence register at the British High Commission in Ikoyi, Lagos. “Queen Elizabeth…
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NGX, Stanbic IBTC set to host securities lending forum
Nigerian Exchange Limited (NGX), in collaboration with Stanbic IBTC, is set to host a Securities Lending Forum in Lagos. The webinar is in line with the Exchange’s mandate to promote investors in the Nigerian capital markets, enhance secondary market liquidity, and facilitate the mobilization of savings to spur economic growth. Interested participants can register for the free webinar on https://bit.ly/ngx-sl-stanbic…
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FMDQ Exchange welcomes Union Bank of Nigeria CP programme
FMDQ Securities Exchange Limited has once again demonstrated operational excellence in the processing and approval of the registration of the Union Bank of Nigeria Plc’s N100 billion Commercial Paper (CP) Programme, on the Exchange platform in September 2022. The registration will bring the total number of securities admitted on FMDQ Exchange to 110 with a total market value of N3.36…
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FMDQ Exchange admits LFZC’s N25bn 20-Year infrastructure bond
FMDQ Securities Exchange Limited has listed t LFZC PLC’s N25 billion Series 2 Fixed Rate Bond under its N50 billion Bond Issuance Programme on the Exchange’s Platform. This issuance by LFZC Funding SPV, has broken a record as the corporate bond issued with the longest tenor – 20 years – in the Nigerian debt markets. LFZC is a special-purpose vehicle…
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Awori to takeover from Ayeyemi as Ecobank Group CEO
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group on Monday announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy. The Board of Directors has selected Jeremy Awori to succeed Ayeyemi as Group Chief Executive Officer. The relevant effective dates will be communicated…
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Illegal haulage: Dangote patrol team arrests, hand over errant drivers to authorities
In a renewed effort to rid the Dangote Group of unscrupulous drivers who engaged in illegal haulage activities and others who constituted themselves into menace to other road users, the company’s drivers’ Patrol team, has made several arrests of drivers, and handed them over to relevant authorities. Dangote’s management, it would be recalled, recently solicited the help of members of…
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Tax Evasion: Customers stranded as Kogi govt. seals First Bank branches over N411m
The Kogi State Government on Monday sealed-off all First Bank Nigeria PLC branches operating in the State over failure to liquidate its outstanding tax liabilities of over N411million to the State coffers. According to a report by kadecommunicationng, many of the bank customers were stranded due to the closure of the bank branches across the State by the State Government.…
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International Breweries holds responsible beverage service training in key Lagos LGAs
International Breweries Plc, a member of AB InBev, the largest beer maker in the world with over 500 brands, has taken its Responsible Beverage Service (RBS) training campaign to key local government areas (LGA) in Lagos State. The Responsible Beverage Service (RBS) is an intervention by International Breweries to address the harmful use of alcohol through various channels and features…
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FMDQ Exchange approves N30bn CP programme to boost agriculture
FMDQ Securities Exchange Limited (FMDQ Exchange) on Tuesday said it has approved the registration of the Johnvents Industries Limited’s N30billion Commercial Paper (CP) Programme on its platform. Johnvents Industries Limited is a wholly indigenous-owned agribusiness that provides modern information and communication tools, macro-loans, and farm inputs, such as seedlings and fertilisers, to support farmers and finance their businesses in Nigeria,…
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