By InvestAdvocate

Lagos (INVESTADVOCATE)-Financial HoldCo, FBN Holdings Plc said on Friday its board of directors has met on April 4, 2016 and approved its 2015 audited financial statement as earlier announced.

“Furthermore, the approved accounts have been forwarded to the Central Bank of Nigeria,” FBNH said in a notice filed with the Nigerian Stock Exchange (NSE).

The financial HoldCo added that in view of the foregoing, its close period will be lifted on filing the CBN approved accounts with the NSE.

Shares of FBNH at the close of today’s trading on the domestic bourse declined 4.57 percent to N3.34 from N3.50 recorded the previous session; losing 0.16 kobo per share.

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By InvestAdvocate

Lagos (INVESTADVOCATE)-Africa’s global Bank, United Bank for Africa Plc (UBA) said on Wednesday its board of directors have approved its audited financial statements for the year ended December 31, 2015, subject to the approval of the Central Bank of Nigeria (CBN).

The lender said the decision is coming on the heels of a board meeting held on Tuesday, March 1, 2016.

“We shall provide the details of the results and dividend payments as well as related corporate actions to the exchange upon the approval of the accounts by the CBN,” UBA said in an issuer’s announcement with the Nigerian Stock Exchange (NSE).

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By InvestAdvocate

Lagos (INVESTADVOCATE)-Insurer, International Energy Insurance Plc (IEI) said on Tuesday it has relieved Roseline Ekeng and Paul Ekpenisi of their appointments as managing director (MD) and company secretary respectively.

IEI in a notice to the Nigerian Stock Exchange (NSE) dated February 29, 2016 said the board of directors of the company passed a resolution on February 4, 2016 following a periodical evaluation that the duo should be removed and subsequently be replaced by Peter Irene and H. Michael & Co represented by Adeyinka Hassan as chief executive officer/managing director and company secretary respectively.

This is coming on the heels of a letter dated December 21, 2015 by IEI to the NSE informing of the compulsory leave of Ekeng and Ekpenisi, while Irene and Hassan were appointed in their stead.

Click here to view notification of removal of directors of IEI

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