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Tag: AGM

‘Treat aviation employees as essential workers in vaccination’

‘Treat aviation employees as essential workers in vaccination’

Aviation
Given their direct contacts with air travellers, airlines and regional bodies have urged governments to treat aviation employees as essential workers as the COVID-19 vaccination campaign kicks off in different parts of the world. The International Air Transport Association (IATA), the Latin American and Caribbean Air Transport Association (ALTA), Airports Council International Latin America and the Caribbean (ACI-LAC) and the Civil Air Navigation Services Organisation (CANSO), jointly said the aviation workers are just as central to the disease prevention as the health workers. The industry’s call on governments aligns with the World Health Organisation’s Strategic Advisory Group of Experts (SAGE) on Immunisation Proposed Roadmap for Prioritising Uses of COVID-19 Vaccines. This ou...
Shareholders urge government to improve downstream oil sector efficiency

Shareholders urge government to improve downstream oil sector efficiency

Business
Shareholders of Total Plc have stressed the need for the government to improve the efficiency of the downstream oil sector by reviewing its policies and regulations to grow the companies and attract more investment. The shareholders, who spoke at the company’s 42nd Annual General Meeting (AGM), held in Lagos, said despite the claims that deregulation has commenced, the sector has not recorded any significant improvement as regards Premium Motor Spirit (PMS), also known as petrol importation. Besides, the shareholders at the meeting approved the payment of N2.278 billion as a total dividend for the 2019 financial year. The shareholders commended the company’s board and management for being resilient in the face of the challenging operating environment and appreciated the dividend p...
International Breweries Plc releases 2020 Q2 results

International Breweries Plc releases 2020 Q2 results

Business
International Breweries Plc (IB Plc), a proud part of the AB InBev family, the world’s largest brewer, has announced its unaudited results for its half-year period ended June 30th 2020. The result, which was just released to the Nigerian Stock Exchange (NSE), reflected the impact of the ongoing Covid-19 pandemic on Nigeria. As part of the company’s proactive measures, the cost of sales maintained a downward trend within the quarter. This was coupled with the stringent cost controls implemented at the beginning of the year and strengthening its credit modalities to better position the company for a return to competitive growth. While the quarter may not have ended robust enough, the results show that the Company made significant progress in some other critical areas as enumerated a...
Unilever holds 95th AGM, declares N60.487bn turnover

Unilever holds 95th AGM, declares N60.487bn turnover

Business
Unilever Nigeria Plc has declared a turnover of N60.5 billion for the financial year ended December 2019. In line with its resolve to enhance profitability, the Board and Management of Unilever Nigeria Plc. has assured the shareholders of their commitment to good corporate governance that would, in turn, drive sustainability and efficiency across every aspect of the Company’s operations. Addressing shareholders at the 95th Annual General Meeting of the Company, the Chairman of the Board, His Royal Majesty, Nnaemeka Achebe commended the shareholders for their trust and loyalty to the Company. He noted that despite the challenging business environment, which has now been complicated by the Covid-19 pandemic, the management at Unilever Nigeria will remain strategic in their approach to ...