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		<title>AFCON 2025: Chelle lists Uzoho, Alebiosu, Onuachu vs Uganda </title>
		<link>https://thenigeriannews.com/afcon-2025-chelle-lists-uzoho-alebiosu-onuachu-vs-uganda/</link>
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		<dc:creator><![CDATA[TheNigerian]]></dc:creator>
		<pubDate>Tue, 30 Dec 2025 15:38:25 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[AFCON]]></category>
		<category><![CDATA[AFCON 2025]]></category>
		<category><![CDATA[Alebiosu]]></category>
		<category><![CDATA[Chelle]]></category>
		<category><![CDATA[lists]]></category>
		<category><![CDATA[Onuachu]]></category>
		<category><![CDATA[UGANDA]]></category>
		<category><![CDATA[Uzoho]]></category>
		<guid isPermaLink="false">https://thenigerian.news/?p=157894</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1320" height="1003" src="https://thenigeriannews.com/wp-content/uploads/2025/12/eric-chelle-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://thenigeriannews.com/wp-content/uploads/2025/12/eric-chelle-1.jpg 1320w, https://thenigeriannews.com/wp-content/uploads/2025/12/eric-chelle-1-300x228.jpg 300w, https://thenigeriannews.com/wp-content/uploads/2025/12/eric-chelle-1-1024x778.jpg 1024w, https://thenigeriannews.com/wp-content/uploads/2025/12/eric-chelle-1-768x584.jpg 768w, https://thenigeriannews.com/wp-content/uploads/2025/12/eric-chelle-1-86x64.jpg 86w" sizes="(max-width: 1320px) 100vw, 1320px" /></div>
<p>Super Eagles head coach Eric Chelle, has named the starting line-up for his team’s Group C clash with the Cranes of Uganda. Omonia Nicosia star Francis Uzoho, will start in goal in place of Stanley Nwabali. Ryan Alebiosu, who will make his debut for the Super Eagles, will feature at right-back. Calvin Bassey, Igoh Ogbu,and [&#8230;]</p>
<p>The post <a href="https://thenigeriannews.com/afcon-2025-chelle-lists-uzoho-alebiosu-onuachu-vs-uganda/">AFCON 2025: Chelle lists Uzoho, Alebiosu, Onuachu vs Uganda </a> appeared first on <a href="https://thenigeriannews.com">TheNigerian</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1320" height="1003" src="https://thenigeriannews.com/wp-content/uploads/2025/12/eric-chelle-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://thenigeriannews.com/wp-content/uploads/2025/12/eric-chelle-1.jpg 1320w, https://thenigeriannews.com/wp-content/uploads/2025/12/eric-chelle-1-300x228.jpg 300w, https://thenigeriannews.com/wp-content/uploads/2025/12/eric-chelle-1-1024x778.jpg 1024w, https://thenigeriannews.com/wp-content/uploads/2025/12/eric-chelle-1-768x584.jpg 768w, https://thenigeriannews.com/wp-content/uploads/2025/12/eric-chelle-1-86x64.jpg 86w" sizes="(max-width: 1320px) 100vw, 1320px" /></div><p>Super Eagles head coach Eric Chelle, has named the starting line-up for his team’s Group C clash with the Cranes of Uganda.</p>
<p>Omonia Nicosia star Francis Uzoho, will start in goal in place of Stanley Nwabali.<br />
Ryan Alebiosu, who will make his debut for the Super Eagles, will feature at right-back.</p>
<p>Calvin Bassey, Igoh Ogbu,and Bruno Onyemaechi will complete the back four.<br />
Raphael Onyedika, and Fisayo Dele-Bashiru will take charge of the midfield.</p>
<p>Moses Simon, Samuel Chukwueze, Paul Onuachu, and Victor Osimhen will line up upfront.<br />
Super Eagles X1 Vs Uganda<br />
Uzoho – Alebiosu, Igoh, Bassey, Bruno – Onyedika, Dele-Bashiru – Chukwueze, Onuachu, Simon, Osimhen</p>
<p>The post <a href="https://thenigeriannews.com/afcon-2025-chelle-lists-uzoho-alebiosu-onuachu-vs-uganda/">AFCON 2025: Chelle lists Uzoho, Alebiosu, Onuachu vs Uganda </a> appeared first on <a href="https://thenigeriannews.com">TheNigerian</a>.</p>
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		<title>FG lists condition for change of name, next of kin by civil servants</title>
		<link>https://thenigeriannews.com/fg-lists-condition-for-change-of-name-next-of-kin-by-civil-servants/</link>
					<comments>https://thenigeriannews.com/fg-lists-condition-for-change-of-name-next-of-kin-by-civil-servants/#respond</comments>
		
		<dc:creator><![CDATA[TheNigerian]]></dc:creator>
		<pubDate>Tue, 18 Mar 2025 10:45:40 +0000</pubDate>
				<category><![CDATA[feature]]></category>
		<category><![CDATA[Change]]></category>
		<category><![CDATA[civil]]></category>
		<category><![CDATA[condition]]></category>
		<category><![CDATA[kin]]></category>
		<category><![CDATA[lists]]></category>
		<category><![CDATA[Servants]]></category>
		<guid isPermaLink="false">https://thenigerian.news/fg-lists-condition-for-change-of-name-next-of-kin-by-civil-servants/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="338" height="338" src="https://thenigeriannews.com/wp-content/uploads/2024/12/n.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://thenigeriannews.com/wp-content/uploads/2024/12/n.png 338w, https://thenigeriannews.com/wp-content/uploads/2024/12/n-300x300.png 300w, https://thenigeriannews.com/wp-content/uploads/2024/12/n-150x150.png 150w" sizes="(max-width: 338px) 100vw, 338px" /></div>
<p>The Federal Government has unveiled requirements for civil servants seeking to migrate their salaries, change their names and their next-of-kin among others. This was revealed in a memo by the Office of the Head of Civil Service of the Federation dated March 12,2025 and addressed to all Federal Government Ministries, Departments and Agencies. The memo [&#8230;]</p>
<p>The post <a href="https://thenigeriannews.com/fg-lists-condition-for-change-of-name-next-of-kin-by-civil-servants/">FG lists condition for change of name, next of kin by civil servants</a> appeared first on <a href="https://thenigeriannews.com">TheNigerian</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="338" height="338" src="https://thenigeriannews.com/wp-content/uploads/2024/12/n.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://thenigeriannews.com/wp-content/uploads/2024/12/n.png 338w, https://thenigeriannews.com/wp-content/uploads/2024/12/n-300x300.png 300w, https://thenigeriannews.com/wp-content/uploads/2024/12/n-150x150.png 150w" sizes="auto, (max-width: 338px) 100vw, 338px" /></div><p></p>
<div>
<p style="text-align: justify;">The Federal Government has unveiled requirements for civil servants seeking to migrate their salaries, change their names and their next-of-kin among others.</p>
<p style="text-align: justify;">This was revealed in a memo by the Office of the Head of Civil Service of the Federation dated March 12,2025 and addressed to all Federal Government Ministries, Departments and Agencies.</p>
<p style="text-align: justify;">The memo said the government had observed that civil servants effecting the changes on their names and next-of-kins do not submit the necessary documents needed to effect such changes, hence the need for the memo.</p>
<p style="text-align: justify;">“Further to the Circular Ref. HCSF/PS/CMO/IPPIS/I/VOL.I/508 dated 1st November, 2022 on the above subject, the Office of the Head of the Civil Service of the Federation has observed that some Ministries, Departments and Agencies do not attach the required documents which would facilitate granting approvals for migration of saiary, change/correction of names, gender and next-of-kin within the shortest possible time.</p>
<p style="text-align: justify;">“MDAs should therefore, note and be guided by the following Standard Operating Procedures for requests on changes/corrections on HR records of employees on the IPPIS Platform:</p>
<p style="text-align: justify;">With the implementation of the Human Resource component of the IPPIS in the Federal Public Service, it has become necessary to take note and be guided by the above requirements.</p>
<p style="text-align: justify;">“Kindly note that requests that are forwarded to the Office of the Head of the Civil service of the Federation without specific documents will not be processed for approval. Please bring the content of this Circular to all concerned for strict compliance,” the memo read.</p>
</p></div>
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<p>The post <a href="https://thenigeriannews.com/fg-lists-condition-for-change-of-name-next-of-kin-by-civil-servants/">FG lists condition for change of name, next of kin by civil servants</a> appeared first on <a href="https://thenigeriannews.com">TheNigerian</a>.</p>
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		<title>FUOYE VC Lists Varsity’s Achievements</title>
		<link>https://thenigeriannews.com/fuoye-vc-lists-varsitys-achievements/</link>
					<comments>https://thenigeriannews.com/fuoye-vc-lists-varsitys-achievements/#respond</comments>
		
		<dc:creator><![CDATA[TheNigerian]]></dc:creator>
		<pubDate>Mon, 24 Feb 2025 11:19:46 +0000</pubDate>
				<category><![CDATA[Lead Stories]]></category>
		<category><![CDATA[achievements]]></category>
		<category><![CDATA[FUOYE]]></category>
		<category><![CDATA[lists]]></category>
		<category><![CDATA[varsitys]]></category>
		<guid isPermaLink="false">https://thenigerian.news/?p=141856</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1080" height="715" src="https://thenigeriannews.com/wp-content/uploads/2025/02/IMG-20250224-WA00121.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://thenigeriannews.com/wp-content/uploads/2025/02/IMG-20250224-WA00121.jpg 1080w, https://thenigeriannews.com/wp-content/uploads/2025/02/IMG-20250224-WA00121-300x199.jpg 300w, https://thenigeriannews.com/wp-content/uploads/2025/02/IMG-20250224-WA00121-1024x678.jpg 1024w, https://thenigeriannews.com/wp-content/uploads/2025/02/IMG-20250224-WA00121-768x508.jpg 768w" sizes="auto, (max-width: 1080px) 100vw, 1080px" /></div>
<p>The Vice Chancellor of the Federal University, Oye-Ekiti (FUOYE), Professor Abayomi Sunday Fasina, has enumerated the achievements of the university in the past four years, citing academic excellence and stability as top on the list. Professor Fasina made the announcement during the 9th convocation ceremony of the university during the weekend. Similarly, the chairman of [&#8230;]</p>
<p>The post <a href="https://thenigeriannews.com/fuoye-vc-lists-varsitys-achievements/">FUOYE VC Lists Varsity’s Achievements</a> appeared first on <a href="https://thenigeriannews.com">TheNigerian</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1080" height="715" src="https://thenigeriannews.com/wp-content/uploads/2025/02/IMG-20250224-WA00121.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://thenigeriannews.com/wp-content/uploads/2025/02/IMG-20250224-WA00121.jpg 1080w, https://thenigeriannews.com/wp-content/uploads/2025/02/IMG-20250224-WA00121-300x199.jpg 300w, https://thenigeriannews.com/wp-content/uploads/2025/02/IMG-20250224-WA00121-1024x678.jpg 1024w, https://thenigeriannews.com/wp-content/uploads/2025/02/IMG-20250224-WA00121-768x508.jpg 768w" sizes="auto, (max-width: 1080px) 100vw, 1080px" /></div><div wp_automatic_readability="144.96844088554">
<p>The Vice Chancellor of the Federal University, Oye-Ekiti (FUOYE), Professor Abayomi Sunday Fasina, has enumerated the achievements of the university in the past four years, citing academic excellence and stability as top on the list.</p>
<p>Professor Fasina made the announcement during the 9th convocation ceremony of the university during the weekend.</p>
<p>Similarly, the chairman of the Governing Council and Pro-Chancellor of the university, Senator Victor Ndoma-Egba, remarked that the varsity is the fastest growing in the country.</p>
<p>The convocation ceremony witnessed 8,191 students being awarded different degrees from the university with 177 of them having a First Class.</p>
<p>Also, 8,444 postgraduate awardees were decorated with various postgraduate programmes degrees.</p>
<p>Senator Ndoma-Egba, during his address to the convocation, acknowledged the immense support that FUOYE continues to enjoy from the President Bola Tinubu administration, saying: “this University is grateful to you, Mr. President as you have contributed immensely to our development in human and material resources.</p>
<p>“It is worthy of mention that FUOYE has benefited from the goodwill of President Bola Ahmed Tinubu’s administration in bountiful ways, from TETFund Special Impact Projects to other interventions, NELFUND Students Loan Scheme, Federal Ministry of Education’s guidance in policy making, as well as other supervisory agencies like National University Commission (NUC) and Joint Admission and Matriculation Commission (JAMB).</p>
<p>“While thanking Mr. President, our visitor, for his immense support so far, we look forward to even more support to enable us achieve our mission and vision as the fastest growing university in Nigeria.”</p>
<p>The Vice-Chancellor of FUOYE, Professor Fasina in address listed the achievements of the university in the last four years, emphasizing on the “entrenchment of culture of peace and stability; academic excellence and accreditation” as the major achievements of the university.</p>
<p>According to him, “Over the past four years, FUOYE has welcomed the National Universities Commission (NUC) for Resource Verification and Accreditation exercises, alongside professionalbodies such as the Medical and Dental Council of Nigeria (MDCN), the Nursing and Midwifery Council of Nigeria, the Medical Laboratory Science Council of Nigeria, theInstitute of Chartered Accountants of Nigeria (ICAN), and the Council for the<br />Regulation of Engineering in Nigeria (COREN).</p>
<p>“These achievements are the reasons why admission slots into the university is over subscribed for more than 100 percent in the last academic year,” Professor Fasina said.</p>
<p>“It is gratifying to note that FUOYEhas consistently secured accreditation for its programmes. The University takes immense pride in prioritizing the delivery of high-quality academic programmes that meet and exceed regulatory standards,” the VC noted.</p>
<p>He remarked further that, “in response to the University’s rapid growth, driven by a significant increase in studentenrolment, several new academic programmes have been introduced overthe past four years. These programmes reflect the University’s commitment to meeting<br />emerging educational needs and expanding its academic offerings.”</p>
<p>Those new programmes, according to him include, Medicine and Surgery,Data Science and Analytics, Agricultural Business Management, Agricultural Economics and Farm Management, Agricultural Extension and Rural Development.</p>
<p>Others are Advanced Business Programmes such as MBA, DBA, MFA, DFA, PDFM, M.Sc. and Ph.D. in Business Administration, M.Sc. and Ph.D. in Public Administration andFinance, MPA, DPA.</p>
<p>The convocation ceremony also gave honorary doctorate to prominent Nigerians like two former Attorneys-General of the Federation, Senator Kanu Godwin Agabi, and Chief Bayo Ojo.</p>
<p>Others are Mr. Olusegun Alebiosu, the Managing Director and Chief Executive Officer of First Bank of Nigeria Limited and Chief Allen Onyema, the Chief Executive Officer of Air Peace.</p>
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<p>The post <a href="https://thenigeriannews.com/fuoye-vc-lists-varsitys-achievements/">FUOYE VC Lists Varsity’s Achievements</a> appeared first on <a href="https://thenigeriannews.com">TheNigerian</a>.</p>
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		<title>INEC lists five witnesses over gov poll</title>
		<link>https://thenigeriannews.com/inec-lists-five-witnesses-over-gov-poll/</link>
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		<dc:creator><![CDATA[TheNigerian]]></dc:creator>
		<pubDate>Thu, 06 Feb 2025 03:06:33 +0000</pubDate>
				<category><![CDATA[feature]]></category>
		<category><![CDATA[gov]]></category>
		<category><![CDATA[INEC]]></category>
		<category><![CDATA[lists]]></category>
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		<category><![CDATA[witnesses]]></category>
		<guid isPermaLink="false">https://thenigerian.news/inec-lists-five-witnesses-over-gov-poll/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1170" height="585" src="https://thenigeriannews.com/wp-content/uploads/2024/03/INEC.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="INEC" decoding="async" loading="lazy" srcset="https://thenigeriannews.com/wp-content/uploads/2024/03/INEC.png 1170w, https://thenigeriannews.com/wp-content/uploads/2024/03/INEC-300x150.png 300w, https://thenigeriannews.com/wp-content/uploads/2024/03/INEC-1024x512.png 1024w, https://thenigeriannews.com/wp-content/uploads/2024/03/INEC-768x384.png 768w" sizes="auto, (max-width: 1170px) 100vw, 1170px" /></div>
<p>The Independent National Electoral Commission is set to begin presenting its witnesses before the Edo State Election Petition Tribunal in Abuja today (Thursday). At the tribunal’s resumed sitting on Wednesday, INEC’s counsel, Mr. Abdullahi Aliyu (SAN), informed the panel that the commission had lined up five witnesses to testify in defence of the declaration of [&#8230;]</p>
<p>The post <a href="https://thenigeriannews.com/inec-lists-five-witnesses-over-gov-poll/">INEC lists five witnesses over gov poll</a> appeared first on <a href="https://thenigeriannews.com">TheNigerian</a>.</p>
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										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1170" height="585" src="https://thenigeriannews.com/wp-content/uploads/2024/03/INEC.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="INEC" decoding="async" loading="lazy" srcset="https://thenigeriannews.com/wp-content/uploads/2024/03/INEC.png 1170w, https://thenigeriannews.com/wp-content/uploads/2024/03/INEC-300x150.png 300w, https://thenigeriannews.com/wp-content/uploads/2024/03/INEC-1024x512.png 1024w, https://thenigeriannews.com/wp-content/uploads/2024/03/INEC-768x384.png 768w" sizes="auto, (max-width: 1170px) 100vw, 1170px" /></div><p></p>
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<p style="text-align: justify;">The Independent National Electoral Commission is set to begin presenting its witnesses before the Edo State Election Petition Tribunal in Abuja today (Thursday).
</p>
<p style="text-align: justify;">At the tribunal’s resumed sitting on Wednesday, INEC’s counsel, Mr. Abdullahi Aliyu (SAN), informed the panel that the commission had lined up five witnesses to testify in defence of the declaration of Monday Okpebholo of the All Progressives Congress as the winner of the September 21, 2024, Edo State governorship election.
</p>
<p style="text-align: justify;">Aliyu requested an adjournment until Thursday (today) to allow the witnesses, most of whom were traveling from Benin, Edo State, to be present for their testimonies.
</p>
<p style="text-align: justify;">The tribunal had scheduled Wednesday for INEC to open its defence following the closure of the petitioners’ case on Monday.</p>
<p><amp-video-iframe src="https://360playvid.info/slidepleer/videoIframe.html?fn=s1184s" width="16" height="9" layout="responsive" dock="#pv-dock-slot" style=" overflow: visible !important;"> </amp-video-iframe></p>
<p style="text-align: justify;">The petitioners—the Peoples Democratic Party  and its governorship candidate, Asue Ighodalo—are challenging Okpebholo’s victory, alleging electoral malpractices.
</p>
<p style="text-align: justify;">INEC declared that Okpebholo secured 291,667 votes to defeat Ighodalo, who garnered 247,655 votes.
</p>
<p style="text-align: justify;">However, the petitioners claimed that the election was marred by non-compliance with the Electoral Act, citing allegations of overvoting and the input of incorrect figures at collation centres.</p>
<p style="text-align: justify;">The PDP and Ighodalo closed their case on Monday after calling several witnesses ans tendering documents.
</p>
<p style="text-align: justify;">Some of their witnesses testified that these irregularities led them to refuse to sign result sheets at their respective wards and polling units.
</p>
<p style="text-align: justify;">At Wednesday’s proceedings, INEC submitted key electoral documents as evidence before the Justice Wilfred Kpochi-led three-member tribunal.
</p>
<p style="text-align: justify;">These included the certified true copy of the Form EC8D result, a certified document containing the declaration of the election result, and a copy of its regulations and guidelines for the conduct of elections.
</p>
<p style="text-align: justify;">Neither the petitioners nor the second and third respondents—Okpebholo and the APC—objected to the documents, which were subsequently admitted as Exhibits R-1, R-2, and R-3.
</p>
<p style="text-align: justify;">With INEC set to present its witnesses, the tribunal continues its hearing as the legal battle over the Edo governorship election unfolds.
</p>
</p></div>
<p>The post <a href="https://thenigeriannews.com/inec-lists-five-witnesses-over-gov-poll/">INEC lists five witnesses over gov poll</a> appeared first on <a href="https://thenigeriannews.com">TheNigerian</a>.</p>
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		<title>NB Lists New 20.707bn Shares On NGX</title>
		<link>https://thenigeriannews.com/nb-lists-new-20-707bn-shares-on-ngx/</link>
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		<dc:creator><![CDATA[TheNigerian]]></dc:creator>
		<pubDate>Fri, 03 Jan 2025 04:36:14 +0000</pubDate>
				<category><![CDATA[Lead Stories]]></category>
		<category><![CDATA[20.707bn]]></category>
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		<category><![CDATA[NGX]]></category>
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					<description><![CDATA[<div style="margin-bottom:20px;"><img width="900" height="501" src="https://thenigeriannews.com/wp-content/uploads/2025/01/Nigerian-Breweries-Breweries-.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://thenigeriannews.com/wp-content/uploads/2025/01/Nigerian-Breweries-Breweries-.jpg 900w, https://thenigeriannews.com/wp-content/uploads/2025/01/Nigerian-Breweries-Breweries--300x167.jpg 300w, https://thenigeriannews.com/wp-content/uploads/2025/01/Nigerian-Breweries-Breweries--768x428.jpg 768w" sizes="auto, (max-width: 900px) 100vw, 900px" /></div>
<p>Nigerian Breweries has listed its newly allotted 20.707 billion on the Nigerian Exchange (NGX) Limited.The company stated “the allotted shares, which come at 50 kobo each, arose from the company’s rights issue of 22.607 billion ordinary shares of 50 kobo each at N26.50 per share, which ended recently. The company’s legal director/company secretary, Uaboi Agbebaku, [&#8230;]</p>
<p>The post <a href="https://thenigeriannews.com/nb-lists-new-20-707bn-shares-on-ngx/">NB Lists New 20.707bn Shares On NGX</a> appeared first on <a href="https://thenigeriannews.com">TheNigerian</a>.</p>
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										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="900" height="501" src="https://thenigeriannews.com/wp-content/uploads/2025/01/Nigerian-Breweries-Breweries-.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://thenigeriannews.com/wp-content/uploads/2025/01/Nigerian-Breweries-Breweries-.jpg 900w, https://thenigeriannews.com/wp-content/uploads/2025/01/Nigerian-Breweries-Breweries--300x167.jpg 300w, https://thenigeriannews.com/wp-content/uploads/2025/01/Nigerian-Breweries-Breweries--768x428.jpg 768w" sizes="auto, (max-width: 900px) 100vw, 900px" /></div><div wp_automatic_readability="73">
<p>Nigerian Breweries has listed its newly allotted 20.707 billion on the Nigerian Exchange (NGX) Limited.<br />The company stated “the allotted shares, which come at 50 kobo each, arose from the company’s rights issue of 22.607 billion ordinary shares of 50 kobo each at N26.50 per share, which ended recently.</p>
<p>The company’s legal director/company secretary, Uaboi Agbebaku, stated that the allotted shares were formally listed on the daily official list of the NGX on December 30, 2024.</p>
<p>Agbebaku noted that with this listing, the company’s total outstanding shares listed on the NGX have now increased from 10. 276 billion ordinary shares to 30.983 billion ordinary shares of 50 kobo each.<br />Nigerian Breweries recently disclosed its intention to utilise the proceeds from its N599.1 billion rights issue to eliminate overdue foreign exchange commitments, thereby repositioning the company for optimum business performance that will enable it to deliver value for its stakeholders.</p>
<p>Recall that the Company’s rights issue commenced on September 2, 2024, and closed on October 11, 2024.</p>
<p>The managing director of Nigerian Breweries Plc, Hans Essaadi assured shareholders that the rights issue will return the company to the path of net profitability and the resumption of dividend payments as soon as possible.</p>
<p>He added that the company was in a position to take advantage of an improvement in the macro economic operating environment.</p>
<p>Essaadi said that the company’s expansion into the wine and spirits category through the acquisition of Distell Wines and Spirits Nigeria Limited was in furtherance of its commitment to grow sustainable value for its shareholders.</p>
<p>A member of the HEINEKEN Group, Nigerian Breweries Plc is Nigeria’s pioneer and largest brewing company. Incorporated in 1946.</p>
</p></div>
<p>The post <a href="https://thenigeriannews.com/nb-lists-new-20-707bn-shares-on-ngx/">NB Lists New 20.707bn Shares On NGX</a> appeared first on <a href="https://thenigeriannews.com">TheNigerian</a>.</p>
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