Caverton Helicopters laments COVID-19 impact on operations
Joseph Olaoluwa
Caverton Helicopters has lamented that COVID-19 pandemic posed a lot of challenges to its operations in 2020.
Group Chief Operating Officer at Caverton Offshore Support Group, Lolade Abiola, said the year was a difficult one for the firm during a webinar organised by the Nigerian Stock Exchange on Tuesday.
Abiola during the webinar tagged ‘Facts Behind the Figures’ said the flights dropped due to the shutdown of airspace which lasted for five months.
She said, “2020 was a difficult year for us. Initially, we had a drop in flights because there was a lockdown in several areas.
Dangote Cement plans Nigeria’s first share buyback 22 December 2020 - 08:23 Emele Onu Aliko Dangote. Picture: REUTERS/AKINTUNDE AKINLEYE
Dangote Cement, owned by Africa’s richest man, Aliko Dangote, plans a buyback of the company’s shares next week to boost shareholder value.
The company will repurchase as much as 10% of the issued capital starting with a first tranche of 85.2-million shares of 50 kobo each, or 0.5% of the total in issue, it said in a filing to the Nigerian Stock Exchange on Monday. The purchase will be done in the open market on December 30 and ends the after day or when the entire target number of shares are repurchased, whichever is earlier, it said.
Cement producer aims to reduce outstanding shares, boost price
Dangote Cement Plc, owned by Africa’s richest man, Aliko Dangote, plans a buyback of the company’s shares next week to boost shareholder value.
The company will repurchase as much as 10% of the issued capital starting with a first tranche of 85.2 million shares of 50 kobo each, or 0.5% of the total in issue, it said in a filing to the Nigerian Stock Exchange on Monday. The purchase will be done in the open market on Dec. 30 and ends the following day or when the entire target number of shares are repurchased, whichever is earlier, it said.
Punch Newspapers
Sections
Published 22 December 2020
Dangote Cement Plc, owned by Africa’s richest man, Aliko Dangote, plans a buyback of the company’s shares next week to boost shareholder value.
According to Bloomberg News, the company will repurchase as much as 10 per cent of the issued capital, starting with a first tranche of 85.2 million shares of 50 kobo each, or 0.5 per cent of the total in issue, it said in a filing to the Nigerian Stock Exchange on Monday.
The company said the purchase would be done in the open market on December 30 and end the following day or when the entire target number of shares had been repurchased, whichever is earlier, it said.
Bulls maintain dominance on NSE, indices up 0 76% naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.