Day: 25 November 2019

Shareholders set to dump Forte Oil for new name

Jasmin Ekua, Banking & Finance

Forte Oil Plc on Monday notified its shareholders of plans for a name change to Ardova Plc. The company stated this in a notice of Extra General Meeting posted on the Nigerian Stock Exchange website and signed by Oladeinde Nelson-Cole, the Acting Company Secretary. The company would be seeking shareholders’ resolution for a name change at an EGM slated for December 17. Nelson-Cole said its directors at the meeting would be empowered to authorise, approve, sign or execute all documents and appoint advisers regarding the matter, where necessary. The acting…

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Sanwo-Olu vows to tackle trailer menace in Lagos

Jide Ige

The Lagos State Government says it plans to restrict the movement of heavy-duty trucks in the metropolis during the day so as to ease traffic on the roads. Lagos State Governor, Babajide Sanwo-Olu, made this known on Monday at the Lagos House, Ikeja, when a team from the Nigerian Breweries Plc paid him a courtesy visit. Sanwo-Olu said that the government had been pushing the trailers off that whole corridor of Iganmu area to ensure that the journey towards Apapa continued to remain free. He said that the state would…

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Maina gets N1bn bail

Jide Ige

The Federal High Court, Abuja, on Monday admitted Abdulrasheed Maina, former Chairman, defunct Pension Reform Task Team, to a bail in the sum of N1bn. Justice Okon Abang who gave the ruling also ordered that Maina must produce two sureties who must be serving senators. The two lawmakers, according to the judge, must not be standing any criminal trial in any court in the country. He also ruled that the two sureties, who must be prepared for a N500m bond each, must always be in court with the defendant at…

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FirstBank Powers Linda Ikeji TV for First Class Material

Jide Ige

First Bank of Nigeria Limited has announced its partnership with Linda Ikeji TV for the broadcast of the TV show, First Class Material. The show is billed to premiere on all FirstBank and Linda Ikeji TV platforms across the web and social media on Tuesday 26th November at 8am and reposted at 7pm same evening- Nigerian time First Class Material is a programme which aims to chronicle the success stories of Nigerians who are distinct and exemplary in their achievements and importantly, a testament to the greatness of the West African country.   …

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