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Shareholders in Nigerian oil company Lekoil on Friday approved top investor Metallon's proposed board appointments at an extraordinary general meeting, the culmination of a public spat between Lekoil's founder and the activist shareholder.
4 Min Read LAGOS/JOHANNESBURG (Reuters) - Shareholders of London-listed Nigerian oil company Lekoil voted on Friday to approve an investor’s bid to add three members to the company’s board, in the culmination of a bitter dispute between its founder and its biggest shareholder. A Zimbabwean miner works underground at Metallon Gold mine in Shamva about 80 km (50 miles) north of the capital Hararre, on June 14, 2011. REUTERS/Philimon Bulawayo/File Photo The dispute between Lekoil founder and chief executive Lekan Akinyanmi and top shareholder Metallon even drew in Nigeria’s Ministry of Pet...
(Corrects number of Metallon’s gold mines from four to three and clarifies Mark Simmonds’ board status) * Lekoil shareholders vote in favour of expanding board * Lekoil loses fight against top shareholder Metallon * Ministry of Petroleum warns Lekoil over change in control * Nominated advisor and broker resign in recent months LAGOS/JOHANNESBURG, Jan 8 (Reuters) - Shareholders of London-listed Nigerian oil company Lekoil voted on Friday to approve an investor’s bid to add three members to the company’s board, in the culmination of a bitter dispute between its founder and its biggest s...
Don't show me this message again✕ (EPA) As MPs left Westminster for the Christmas break without an EU trade agreement, industries responsible for shipping and supplying food and other goods to UK consumers issued a plea for the government to “double down” efforts to get a deal to minimise disruption, shortages and price hikes. Trade organisations told The Independent that companies will be working round the clock during the festive period to ensure the transition out of the single market and customs union is as smooth as possible on 1 January, but voiced frustration that they still ha...
Billionaires are fond of investing in sports franchises. This is because there is a lot of money in it and the income stream is pretty consistent. Authoritative wealth watch magazine, Forbes yesterday released its official list of the most valuable clubs in the world. It also gave a summary of the business side of the football world which we found quite interesting. Nairametrics did a thorough review of the list and highlighted the parts which we believe will resonate well with our readers. Let’s get to it! Top 10 richest clubs in 2021 by value Tottenham (2.3bn) Tottenham hot...