Deconstructing the Transaction of Otedola and Elumelu on Transcorp

Deconstructing the Transaction of Otedola and Elumelu on Transcorp

In the late 1990s, a former Head of State,  probably woke up from the wrong side of his bed and decided to purchase above five percent stake in a quoted oil company on The Nigerian Stock Exchange (now NGX). The then Management demanded for disclosure of identity of the proposed buyer in line with The Exchange's Rules . The buyer of such volume of shares must be disclosed to ascertain whether he is technically and financially fit and proper.
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Obi clarifies position on subsidy removal

Obi clarifies position on subsidy removal

The Presidential Candidate of the Labour Party, Peter Obi has shed light on his support for the removal of fuel subsidies but gave conditions to be met for the desired result to be achieved.