Medview Airline Plc appoints new Company Secretary as Abdullahi Adam Al-ilory resigns.

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The board and management of Medview Airline Plc, has notified the Nigerian Exchange Limited (NGX) of the resignation of its Company Secretary, Abdullahi Adam Al-ilory Esq. of Messrs Abdullahi Adam Abdullahi & Co (Al-ilory Chambers) and the subsequent appointment of an acting secretary to fill the void.

In a letter signed by the Executive Director, Business Development and Commercials, Na’Allah I.S, the company announced that the resignation of Abdullahi became effective from 13th of August, 2021.

To fill the void, the company announced that Messrs G.Elias &Co will assume the role of the Company Secretary in acting capacity until the next Board meeting of the Company scheduled to hold on the 20th of September, 2021.

About Messrs G. Elias & Co:

Messrs G. Elias & Co is a leading Nigerian business law firm focused on providing bespoke, robust and sound legal advice on corporate, financial, disputes, tax, energy, projects, ”new economy” and commerce law matters. The firm has reputation and an outstanding record of, carrying out critical, innovative and complex work to the highest standards of excellence.

The firm was founded in 1994 and is currently a member of the Africa Legal Network (ALN), an association of leading independent law firms founded and based in Africa.

 

Vine Foods Limited purchases additional 1m units of United Capital shares worth N7.23m.

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Vine Foods Limited, a company to linked to a Non-Executive Director in United Capital Plc, Mr Emmanuel Nnorom, has purchased an additional 1 million units of the latter’s shares, worth N7.23 million.

This is according to a notification signed by the firm’s secretary, Leo Okafor and sent to the Nigerian Exchange Limited (NGX), as seen by Nairametrics.

The notice revealed that the transaction took place on the 2nd of September, 2021, as the firm purchased an additional 1 million units of United Capital shares at a unit price of N7.23 per share, totalling N7, 230,000.

This disclosure is a regulatory requirement that must be reported to the Nigerian Exchange Limited (NGX), especially when a major shareholder or director of a publicly quoted company purchases or sells shares in the company they own.

United Capital Plc closed trading for the week ended 3rd of September, 2021 at N7.34 per share on the floor of the Nigerian Exchange Limited (NGX).

 

See link to disclosure.

 

 

FCMB projects profit after tax of N8.51 billion in Q4 2021.

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First City Monument Bank Plc (FCMB) released its earnings forecasts for the fourth quarter of the year (Q4, 2021).

  • Gross earnings is projected at N48.22 billion
  • Net interest income is projected at N27.5 billion
  • Net operating income is projected at N35.92 billion.
  • Operating expenses projection of N20.4 billion.
  • Tax is projected at N751.4 million.
  • Profit after tax is projected at N8.51 billion.

See link to results.

 

Abbey Mortgage Bank Plc projects profit after tax of N131.7 million in Q4 2021.

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Abbey Mortgage Bank Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).

  • Gross earnings is projected at N876.4 million
  • Interest income is projected at N713.8 million
  • Net operating income is projected at N551.6 million.
  • Operating expenses projection of N357.9 million.
  • Tax is projected at N62 million.
  • Profit after tax is projected at N131.7 million.

See link to results.

 

Trans Nationwide Express Plc projects profit after tax of N46.5 million in Q4, 2021.

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Trans Nationwide Express Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).

  • Revenue is projected to hit N1.19 billion
  • Cost of sales is projected at N482.7 million.
  • Administrative expenses projection of N646.9 million
  • Tax projection of N20.9 million
  • Profit after tax is projected at N46.5 million.

See link to forecasts.

International Energy Insurance Plc forecasts loss after tax of N155.3 million in Q4, 2021.

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International Energy Insurance Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).

  • Gross premium income is projected to hit N810 million
  • Claims Incurred projection of N119 million.
  • Underwriting profit is projected at N199.4 million
  • Management expenses projection of N596.8 million
  • Tax projection of N1.54 million
  • Loss after tax projection of N155.3 million.

See link to forecasts.

MEDVIEW AIRLINE PLC: Notice of Board Meeting.

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Med-View Airline Plc has announced that it will be hosting a virtual Board of Directors meeting on the 20th of September, 2021 at 9:00am prompt,

This is according to a notice signed by the company’s Executive Director in charge of Business Development and Commercial, Na’Allah I.S, and made available on the website of the Nigerian Exchange Limited (NGX).

According to the disclosure, the following issues will be discussed during the meeting;

  • The resignation of the Company Secretary and proposal on the appointment of a new Acting Company Secretary.
  • Proposal to appoint a new CEO and COO/AM
  • Presentation of update on the financial position of the company-ED Finance/CFO.
  • Restart of Operation

Here is a link to the notice.

 

Eterna Plc projects profit after tax of N582.9 million in Q4 2021.

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Eterna Plc has released its earnings forecasts for the fourth quarter of 2021 (Q4 2021).

  • Revenue is projected to hit N70.43 million during the period.
  • Cost of sales projection of N64.53 million.
  • Marketing, distribution and administrative expenses are projected to hit N3.91 million.
  • Tax is projected at N274.3 million.
  • Profit after tax is projected at N582.9 million.

See link to forecasts.

Guinea Insurance Plc to hold 63rd Annual General Meeting (AGM) on September 23

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The Board of Guinea Insurance Plc has announced that it will be hosting its 63rd Annual General Meeting on the 23rd of September, 2021. The meeting will be held at the company’s head office in Jibowu Lagos, by 11:00 am prompt,

This is according to a statement issued by the company and signed by its secretary, Chinenye Nwankwo. Some of the issues to be discussed at the AGM include;

  • The audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
  • Board appointments will also be considered and ratified.
  • To fix remuneration of managers and Directors in FY 2021.
  • To elect shareholders’ representatives of the statutory audit committee, among others.

In view of the directives on physical distancing and the restriction on maximum number of people at every gathering due to the COVID-19 pandemic, the meeting will hold by proxy in accordance with section 254 of the Companies and Allied Matters Act 2020 and as approved by the Corporate Affairs Commission.

Additionally, the AGM will be streamed live online, to enable shareholders and other relevant stakeholders who will not be attending the meeting physically to also be part of the proceedings. The link for the live streaming will be made available on the company’s website: www.guineainsurance.com/agm

What you should know:

  • Guinea Insurance Plc had earlier reported a loss after tax of N90.59 million in HY 2021.
  • As at the period of reporting this, the firm is currently trading at 20 kobo on the floor of the Nigerian Exchange Limited (NGX).

For more information about the AGM, click HERE.