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Ronchess Global Resources Announces Appointment And Resignation Of Directors

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…NOTIFICATION ON THE APPOINTMENTS AND RESIGNATION OF DIRECTORS

Olushola Okunlade Writes

Ronchess Global Resources Plc has notified the Nigerian Exchange Limited and investors of the company of the appointment and resignation of some members of the Board of Directors at the company.  

Ronchess Global Resources Limited, a leading provider of traffic solution, construction and procurement services in Nigeria. They also offer excellent services in road construction, private, commercial, and municipal buildings construction, clear view fence, and parameter fence construction.

According to the disclosure signed by Barr. Chris Egba Oruete Company Secretary stated appointments of Mr. Adeolu Adeboye – Chairman/ Non-Executive Director, Captain Niyi Ogunnowo – Vice Chairman / Non-Executive Director, Mr. Adebosin Temitope Ernest – Non-Executive Director while the resignation of Miss. Ladipo Evelyn Tolulope – Non-Executive Director takes effect from January 8, 2022, and wished the board and management of Ronchess the very best in the company’s future endeavor.

In accordance with the Nigerian Exchange Limited (NGX) Rule Book, Ronchess Global Resources Plc notify the NGX and the investing public of the appointment and resignation of directors by the Board of Directors of Ronchess Global Resources Plc effective January 10, 2022.

Ronchess Global Resources Plc Announces Appointment And Resignation Of Directors

PROFILE OF THE DIRECTORS ARE LISTED BELOW

Mr. Adeolu Adeboye – Chairman
Adeolu Adeboye is a graduate of Software Engineering from the University of Hertfordshire United Kingdom. He practiced in this field for ten years in the United Kingdom before moving back to Nigeria. A seasoned entrepreneur who has created many businesses. His areas of expertise include Insurance, Retail, Power, and Construction. Adeolu Adeboye is an entrepreneur with experience in running diverse business interests successfully.

Captain Niyi Ogunnowo – Vice Chairman
Capt. Niyi Ogunnowo has experience spanning over 20 years in IT Leadership and the transportation industry. Prior to his appointment as Vice Chairman, he was the pioneer Chairman of Ronchess and as well an Airline Captain at Air Peace Airlines Limited. He also worked in various capacities as a consultant to various organizations in the USA and Nigeria. He has attended various training in Project Management, Implementation of Business Solutions, and Human Developments. He holds many high-profile certifications such as Oracle Certified Professional (OCP), Airline Transport Pilot License, B-737 (Classic) TRI EASA Certification, Microsoft Certified Professional (MCP) and Microsoft Certified Small and Medium Business Specialist. Niyi graduated with a Bachelor of Arts (Magna Cum Laude) in Computer Information Systems from Rutgers University Newark, NJ USA (2016). He also holds a Master of Science in Busines
and Information Systems from New Jersey University of Technology (NJIT) Newark, NJ USA (2008).

Mr. Tope Adebosin – Non-Executive Director
Tope Adebosin is a seasoned professional in management and entrepreneurial advisory and a Fellow of the Institute of Management Consultants. Tope has brought his wealth of experience in management to bear as a Business Development Consultant to companies he has worked for. With AB. Tech degree gained in Biochemistry and Food Technology, he combines his broad knowledge and technical know-how with his management competencies to offer dynamic and critical services, as a Certified Management Consultant, to many reputable organisations in the food and hospitality sector such as The Yellow Chilli Restaurant and Carliza Hotel. Previously Tope ascended from the position of Management trainee at DN Meyer Plc to the position of National Technical Sales Manager. He is currently a partner at Topsenam Consulting, a business consultancy firm, to which he brings his multifaceted skills and experience spanning over 20 years.

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NGX Holds Biggest Capital Markets Awards On December 6, 2022

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NGX Holds Biggest Capital Markets Awards On December 6, 2022

…NGX Made of Africa Awards of The Year

Olushola Okunlade Writes

The NGX Made of Africa Awards is set to hold on Tuesday, 6 December 2022 in Lagos.

The hybrid event themed “Innovation in Capital Markets: The Panacea for Exponential Growth”, will bring together key stakeholders in the capital market.

The Made of Africa Awards is designed to recognise organisations and individuals within the capital market ecosystem that demonstrate exceptional performance in value delivery and sustainable impact and act as key drivers in strengthening the Nigerian and African capital markets. The Awards will also reward adherence to high ethical standards, compliance with the rules and regulations of the Exchange, and other applicable laws and regulations.

Register HERE to join the event virtually.

 

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NGX Celebrates CIS On 30th Anniversary, Reopens Trading Floor

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NGX Celebrates CIS On 30th Anniversary, Reopens Trading Floor

Olushola Okunlade Writes

Nigerian Exchange Limited (NGX) hosted the Chartered Institute of Stockbrokers (CIS) to Closing Gong ceremony to commemorate the Institute’s 30th anniversary alongside the reopening of the trading floor of the market on Monday, 7 November 2022.

The Chairman, NGX, Abubakar Mahmoud, SAN, OON, whilst giving his remarks congratulated the Institute for its contribution to upholding integrity and ethics in the capital market while promoting and protecting the interests of the stockbroking community. He also thanked stockbrokers for their cooperation with NGX, attributing the successful record of trading with zero downtime to a combination of NGX’s investment drive in technology and the collective agility and collaboration between the Exchange and the stockbroking community.

He said, “Thirty years of excellence is no small feat and at the Exchange, we recognise the significance of CIS to the capital market as it engenders commitment to the highest standards of service and professionalism. Its advocacy initiatives and support for the stockbroking and investment practice in Nigeria is notable and worthy of celebration.

“Moving forward as the Exchange, we plan to leverage our shared history and cordial relationship with CIS to further drive growth and value creation in the capital market. NGX wishes the Institute many more years of excellence as it continues to markedly enhance the Nigerian capital market and the broader economy.”

NGX Celebrates CIS On 30th Anniversary, Reopens Trading Floor
Left-Right: Patrick Ajayi, Director, Nigerian Exchange Group; Temi Popoola, Chief Executive Officer, Nigerian Exchange Limited (NGX); Dr. Umaru Kwairanga, Chairman, Nigerian Exchange Group Plc; Oluwole Adeosun, FCS, President, Chartered Institute of Stockbrokers (CIS); Mr. Abubakar Mahmoud, SAN, OON, Chairman, NGX; Haruna Jalo-Waziri, Chief Executive Officer, Central Securities and Clearing System (CSCS) Plc and Tinuade Awe, Chief Executive Officer, NGX Regulation Limited during the Closing Gong Ceremony commemorating CIS 30th year Anniversary and the Re-opening of NGX Trading floor at The Exchange on Monday, 7 November 2022 in Lagos.

The Chairman, NGX Group, Alhaji Umar Kwairanga during his remarks noted that it was to the credit of NGX, NGX Regulation, Central Securities Clearing System (CSCS), NGX Group, and the stockbroking community that trading flowed seamlessly during the forced closure period. He however said, “I also know how physical interactions matter to us brokers and will continue to make sure that we see the impact of us coming back to the trading floor.

“We are also marking this alongside the ceremony commemorating our 30th anniversary and I hope that this is just the beginning of the greater collaboration between brokers, NGX Group as a whole, and the capital market,” he added.

Complementing the Chairmens’ comments, the Chief Executive Officer, NGX, Mr. Temi Popoola said, “NGX will continue to support the initiatives of the institute and cooperate for the further advancement of the capital market.”

The President and Chairman of the Governing Council of CIS, Mr. Oluwole Adeosun underscored the longstanding relationship between CIS and the Exchange. He promised that the Institute would continue to cooperate with NGX Group in its new structure. “A lot has been achieved from the initial foundation built by NGX for CIS. For 32 months, we have been trading seamlessly remotely due to the investments NGX made. We the operators express gratitude to the Exchange and believe we are definitely poised to achieve more together onward.”

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NGX Urges International Breweries Plc To Leverage On Frequent Facts Behind The Figures, Commends Progress Performance

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NGX Urges International Breweries Plc To Leverage On Frequent Facts Behind The Figures, Commends Progress Performance

….International Breweries recorded a remarkable increase of 137.4 percent in operating profiting in H1 2022 – Chiemeka

Olushola Okunlade Writes

The Nigerian Exchange Limited (NGX) on Tuesday, November 1 2022 held the “Facts Behind the Figures Presentation” with International Breweries Plc at the exchange building.

NGX advised the management of International Breweries Plc to sustain its commitment to high standards of corporate governance, social impact, and shareholder value creation.

Divisional Head, Capital Markets, NGX, Mr. Jude Chiemeka while commending the management of International Breweries Plc for leveraging the Facts Behind the Figures platform of the Exchange to increase its engagement with the market and its long-term contributions to socio-economic development in the country since its establishment in 1971 and listing in 1995.

Chiemeka said International Breweries Plc has made other contributions to the social economic development of the communities, “One of such contributions is the Responsible Beverage Service (RBS), a first-of-its-kind intervention program in Nigeria with the objective of contributing to the reduction of alcohol-related harms caused by drunk driving, underage drinking, binge drinking, gender-based violence, and alcohol consumption by pregnant women. This program reiterates the NGX’s mission of bringing people together for a better world.”

NGX Urges International Breweries Plc To Leverage On Frequent Facts Behind The Figures, Commends Progress Performance
Left-Right: Mr. Tony Ibeziako, Head, Primary Markets, Nigerian Exchange Limited (NGX); Mr. Jude Chiemeka, Divisional Head, Capital Markets, NGX; Hugo Dias Rochas, Managing Director, International Breweries Plc; Mrs. Tolulope Adedeji, Marketing Director, International Breweries Plc and Mr. Eduardo Caceres, Executive Director, International Breweries Plc during the Facts Behind the Figures presentation at the Exchange yesterday 1 November, 2022 in Lagos.

“International Breweries recorded a remarkable increase of 137.4 percent in operating profiting in H1 2022 reaching 36.6 billion naira compared to the same period of 2021. This achievement is a result of hard work and resilience by the management team to maintain the company’s financial performance and total revenue of 104 billion. “We would like to recognise these efforts being made by the Board and Management of International Breweries Plc towards achieving continuity by improving business operations and restoring investor confidence in the company.

“With the fast-changing macroeconomic environment in Nigeria and globally, we encourage International Breweries Plc to continue to strive for sustainability by adhering to higher standards of corporate governance, deeper social impact, higher regulatory compliance, and greater returns for shareholders,” Chiemeka added.

NGX Urges International Breweries Plc To Leverage On Frequent Facts Behind The Figures, Commends Progress Performance
Left-Right: Mr. Tony Ibeziako, Head, Primary Markets, Nigerian Exchange Limited (NGX); Mr. Jude Chiemeka, Divisional Head, Capital Markets, NGX; Hugo Dias Rochas, Managing Director, International Breweries Plc and Mr. Eduardo Caceres, Executive Director, International Breweries Plc during the Facts Behind the Figures presentation at the Exchange yesterday 1 November, 2022 in Lagos.

The Managing Director/Chief Executive Officer of International Breweries Plc, Mr. Hugo Dias Rocha during his remarks noted that the company would continue to build brands and invest in a sustainable and profitable business for the long term. “Our team is engaged and living in the AB InBev culture of optimising the growth potential of the business and delivering shareholder value,” he added.

Doyen of Capital Market, Alhaji Yusuf urged the management of International Breweries Plc to leverage on frequent facts behind the figures, while commending the progress performance figures, particularly the first half of 2022.

He said moving from being “Category Leader to Category Performer, Category Performer means making money and paying dividends to your investors, you have not been paying dividends to your investors for six years while promising to advise on how to redeem and restructure the debt.

The Nigerian Exchange Limited (NGX) on Tuesday, November 1 2022 held the “Facts Behind the Figures Presentation” with International Breweries Plc at the exchange building.

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