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1. In view of the current COVID-19 pandemic, Seplat obtained approval from the Nigeria Corporate Affairs Commission to hold its 2021 Annual General Meeting (AGM) by proxy ONLY, which is in accordance with the new Guidelines on Holding of AGM of Public Companies taking advantage of Section 254 of the Companies and Allied Matters Act (CAMA) 2020 using proxies. For the appointment to be valid for the purposes of the Meeting, the Company made arrangements at its cost for the stamping of the duly completed proxy forms, which must be deposited at the office of the Registrar.
2. In accordance with the Company s articles of association, on a poll every member present in person or by proxy has one vote for every share held. There were no restrictions on shareholders to cast votes on any of the resolutions proposed at the AGM. ....
“The prompt establishment of relevant standards would be transformational for the Nigerian commodities trading ecosystem. Standards provide consumers with an assurance of fitness of purpose, processors with commodities specifications, and serves as reference point against which features of commodities can be compared. “The commission was committed to mobilizing relevant stakeholders in the commodities trading ecosystem to provide the support needed by the SON to achieve expedited approval and publication of the commodities standards. “Standard setting is a project of national importance and the SEC along with other stakeholders will work with the SON to achieve the objective and by extension national food security and self-sufficiency.” ....
To print this article, all you need is to be registered or login on Mondaq.com. The Nigerian Oil and Gas Industry Content Development (Local Content Act) 2010 was enacted to promote the indigeneous participation in the Nigeria s oil and gas industry for the purpose of improving the economic and social well being of those engaged in operating in the oil and gas industry. The Act provides for the development of Nigerian content in the Nigerian oil and gas industry, Nigerian content plan, supervision, coordination, monitoring, and implementation of the Nigerian content. The Act stated the requirement of any company or organization ....