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BUA says its export-focused sugar project will create jobs and checkmate price hike
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NSE-30 companies lose N1 13 trillion in market capitalisation year-to-date
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Unilever Plc, a British multinational consumer goods company headquartered in London, with a presence in Nigeria, has revealed that it is targeting long-term sales growth of 3% to 5%.
This long-term sales growth target was set after a recovery in China and India helped the British consumer goods company to regain momentum in the fourth quarter of 2020.
According to Reuters, the company’s emerging market performance in the fourth quarter of 2020 was below market expectations, while sales in China and India both rose in the high-single-digit percentage range in the fourth quarter driven largely by “at-home consumption”.
The management of Unilever stressed that the company is confident about the new long-term targets, as the improved business environment in China, especially in the food segment and other categories were factored in. It noted that sales of the company’s products picked up in India, and this is evident in the last quarter of 2020.
FBN Holdings Plc has announced the appointment of former Managing Director/CEO of Guinness Nigeria, Mr. Seni Adetu, and two others as new Board Directors.
This is according to a notification signed by the company’s secretary, Seye Kosoko, and sent to the Nigerian Stock Exchange this afternoon, as seen by Nairametrics.
The new appointees are; Mr. Seni Adetu and Mrs. Juliet Anammah who were appointed as Independent Non-Executive Directors, and Mr. Otu Hughes who was appointed as a Non-Executive Director of FBN Holdings Plc.
The disclosure which is in line with NSE’s provision is, however, still subject to statutory approvals from the Central Bank of Nigeria and the shareholders at the next Annual General Meeting of the Company.
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Published 25 January 2021
Flour Mills Nigeria Plc has listed its tranche A and tranche B bonds on the floor of the Nigerian Stock Exchange.
The listing was commemorated with a digital Closing Gong ceremony at the NSE.
The Divisional Head, Listings Business, NSE, Mr Olumide Bolumole, said, “It has been a positive start to the Nigerian capital market in the new year and we are pleased to commemorate the listing of Flour Mills’ N29.8bn Tranche A and Tranche B Bond Issue, the final series under its N70bn Bond Issuance Programme.
“As is our custom to celebrate significant milestones and accomplishments of our issuers, we also applaud and recognise the contributions of Mr Paul Gbededo who recently retired after 38 years of meritorious service and congratulate Mr (Boye) Olusanya on his appointment as the Group MD/Chief Executive Officer at the NSE, we remain committed to supporting the strategic objectives of our issuers, providing a platform for raisin
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