Flour Mills of Nigeria Plc has notified the Nigerian Exchange and its stakeholders that it has received an offer from its majority shareholder, Excelsior Shipping Company Limited, to acquire all shares held by minority shareholders in Flour Mills.
The transaction will be executed through a Scheme of Arrangement between the company and its shareholders.
The company has received a ‘No Objection’ approval for the scheme from the Securities and Exchange Commission (SEC).
Guaranty Trust Holding Company Plc (GTCO) has made significant strides in its growth and expansion plans, completing the first tranche of its equity capital raise programme. The highlights of this milestone are as follows: Key Developments: CEO’s Statement: Segun Agbaje, the Group CEO, expressed gratitude to shareholders and regulators for their support. He highlighted the successful capital […]
Tuesday’s trading activities on the floor of the Nigerian stock market closed bearish on profit taking in 51 stocks. The All Share Index declined by 0.24% to close at 103,398.82 points from the previous close of 103,648.24 points. The Market Capitalisation declined by 0.24% to close at N63.051 trillion from the previous close of N63.203 trillion, thereby[…]
