UAC appoints Aiyesimoju GMD/CEO
The Board of Directors of UAC of Nigeria PLC (UAC) has announced the appointment of Folasope Babasola Aiyesimoju as the company’s Group Managing...
Oriola becomes UAC’s group finance director
UAC of Nigeria Plc has announced the appointment of Ibikunle Ibiyinka Oriola as Group Finance Director. Oriola is a seasoned professional with 17 years experience gained from diverse functional roles spanning finance, strategy, risk management and corporate finance. He has provided strategic finance leadership, driving transformational and growth agenda of conglomerate businesses spanning several sectors…
Profit taking takes toll on NSE as indices plunge marginally by N17b
Following profit taking by investors, the Nigerian equity market reversed its positive performance yesterday, as market capitalisation plummeted by N17 billion. Specifically, at the close of transactions yesterday, the All-Share Index (ASI) shed 45.40 absolute points, representing a dip of 0.14 per cent to close at 32,568.65 points. Similarly, the market capitalisation shed N17 billion…
Fire guts UAC building
The United African Company (UAC) building at Marina, Lagos Island was gutted by fire yesterday. According to eyewitness at the scene, the fire started around 12.pm from the 10th floor of the building. It was gathered that the fire shattered glasses and razed some property. First two fire service trucks that came to the scene…
Too many parties spoil the cook
Nigerian politicians are presenting Nigerians with a plethora of choices in the coming general elections. As of now, the Independent Electoral Commission, INEC, has stated that more than 70 candidates would be vying for the presidency. I guess there may be more than 1000 candidates running for the office of governors. Those vying for the…
Stock market’s indices dip further by 0.5%
Equity transactions sustained sliding profile for the fifth consecutive trading sessions, occasioned by heavy profit taking, causing the All-Share Index (ASI) to plummet further by 0.5 per cent. Specifically, at the close of transactions yesterday, ASI shed 162.52 absolute points, representing a decline of 0.48 per cent to close at 33,449.17 points, while the market…
Leaders are responsible for crises in parties, says UAC
The Convener, United Action for Change (UAC), Dr. Muiz Banire, (SAN) has called for intra-party democracy groupings to move the nation forward and end the crises in most groupings. Banire lamented that most political parties in the country lacked internal structure, thus frustrating the democratic system in recent years.
UAC to boost operations through N15.4b rights issue
UAC of Nigeria Plc (UAC), has said it plans to boost group operations with N15.4billion rights issue in line with the financial restructuring of its subsidiaries using internally generated funds.
Nigerian fruits: why are the days gone? - Part 2
Then there is the whole business of plant medicine and pharmaceuticals, which I have dealt with in an earlier piece.
‘Steel Symphony 2’ is 2017 Dulux Colour of the Year
Chemical and Allied Products (CAP) Plc, a subsidiary of UAC of Nigeria Plc, manufacturers of Dulux premium brand of paints has named ‘Steel Symphony 2’ as the 2017 Dulux Colour of the Year.