By Alex C The board of directors of Red Star Express plc, one of Nigeria’s leading logistics company, has recommended a total of N206 million dividends payment to the shareholders for approval at the Annual General Meeting (AGM) on Thursday August 14, 2014 for the year ended March 31, 2014 The dividend, which is 35 kobo per 50 kobo share, if approved, will be posted on August 25, 2014, to all shareholders, whose names appear on the company’s register by close of business on July 25, 2014. The foremost provider of value added logistics solutions that are secure, prompt and…
Author: Pride Team
By Alex C Trans National Corporation (Transcorp), owners of Transcorp Hilton Hotel Abuja is set to invest $110 million in the construction of a branch of the hotel in Lagos, the commercial nerve centre of Nigeria. Disclosing this to Reuters, Obinna Ufudo, Transcorp CEO, revealed that the hotel expected to be sited at Ikoyi, will be completed in 36 months. “We have concluded all designs … what we are waiting for is the approval from the state building authority to commence construction,” he added. Like Transcorp Hilton Abuja, the Lagos branch of the hotel will also be managed by Hilton.…
Dear Dorothy, I am a single girl in my late twenties. I am in a relationship with my former boss who is married. I want to end the relationship, and I have even quit my job to make it easier to do so. I am still in love with him, but I know that there is no future in this relationship. I really want to let him go, but I can’t. He calls every day, saying he misses me and I know he does. I know he cares about me and doesn’t want to let me go either, but I…
By Alex C First Bank of Nigeria Limited has issued a $450 million tier-2 Eurobond increasing the amount of funds raised by Nigerian banks from the Eurobond market this year to $1.55 billion. Zenith ($500 million), Diamond ($200 million) and Access ($400 million) banks, had raised a total of $1.1 billion from the dollar-denominated debt market in the first half of the year. The debt instrument, which has a seven-year tenure and call option after five years, is expected to continue to extend the tenure of First Bank’s dollar funding profile and support the bank’s continued lending to the corporate…
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By Kelechi Anozia. The Ebola virus has claimed it’s first victim in Nigeria, a 40 year Liberian man on arrival at Lagos airport, he was rushed to the hospital where he later died. More than 660 people have died since February as a result of the virus and Nigeria is currently on ‘red alert’ as fears mount over a possible pandemic. What is Ebola? Fruit bats are thought to be the ‘original hosts’ of the Ebola virus, it was introduced to humans through ‘close contact with the blood, secretions, organs or other bodily fluids of infected animals.’ Human to human…
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By Alex C Nigeria’s national telecommunications carrier, Globacom, has unveiled a special tariff plan that makes it more affordable for millions of its prepaid subscribers to call each other. The plan, Glo Ringa, allows subscribers on the Globacom network to call other subscribers on the network at just eleven kobo per second. The plan has effectively extended Family and Friends to all subscribers on the Globacom network. Yomi Ogunbamowo, head, business support group of Globacom , who unveiled the plan at a press briefing held in Lagos recently. He said Glo Ringa would enable Glo prepaid customers to significantly reduce…
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