merger

2023: NNPP, LP Merger Talks Still In Progress – Coalition

July 1, 2022 6:09 am

The coalition at the forefront of the negotiations between Labour Party and the New Nigeria Peoples Party (NNPP) has confirmed that talks have not broken down as being insinuated in several quarters.

The Head, Public Affairs Directorate of NC Front, Dr. Yunusa Tanko, and the National Publicity Secretary of NNPP, Dr. Agbo Major, confirmed this in separate telephone interviews with reporters on Friday.

Recall that the Pat Utomi-led NC Front spearheaded the coalition which midwifed the adoption of Peter Obi as the presidential candidate of Labour Party.

Tanko reiterated that the candidature of Peter Obi had grown beyond his political …

Why Kwankwaso Cannot Be Peter Obi’s Running Mate – Jibrin

June 27, 2022 8:33 am

A former member of the House of Representatives Abdulmumin Jibrin has ruled out speculations that Rabiu Kwankwaso will be a running mate to the Presidential candidate of the Labour Party, Peter Obi.

He said this during an interview on Channels Television’s Sunday Politics which was monitored by Africa Daily News, New York amid speculations that the New Nigeria’s Peoples Party (NNPP) presidential candidate is in talks with Obi over a planned merger.

‘Very clearly, Kwankwaso will not be the running mate to Peter Obi. By every standard, Kwankwaso should be the presidential candidate,’ the NNPP chieftain said during the show.…

PSA And Fiat Chrysler Poised To Announce Merger MOU

December 18, 2019 3:27 pm

French carmaker PSA and Fiat Chrysler will on Wednesday announce a memorandum of understanding for a mega-merger to create the world’s fourth-largest auto producer, a source close to their talks said.

The MOU announcement is set to come before the Paris and Rome stock exchanges open for trading, the source added.

Earlier Tuesday another informed source said that PSA’s supervisory board had approved the deal under which shareholders in the two groups would split the capital of the merged firm on a 50/50 basis, without any plant closures.

“PSA’s supervisory board has approved the merger agreement,” the source told AFP …

Shareholders Endorse CCNN, Obu Cement Merger

December 6, 2019 11:30 am

Shareholders have endorsed the merger bid of Cement Company of Northern Nigeria (CCNN) and Obu Cement Plc, a union that is designed to create greater economies of scale and enhanced operating and administrative efficiencies.

The shareholders’ approval, which took place in Abuja at a court-ordered general meeting, witnessed 157 out of the 170 accredited shareholders voting in favour of the resolution for a merger.

The CCNN Chairman, Alhaji Abdulsamad Rabiu, who presided over the meeting said: “The total number of shares held by shareholders present and who voted was …

As Access Bank Reaps Benefits of Merger

November 6, 2019 3:20 am

“With the final merger of both banks and the status of the resulting entity as ‘the largest bank in Africa’s largest economy,’ this greatly bolsters the bank’s brand, opening doors of opportunity both in local and international markets. The merger will form a leading Tier-1 Nigerian bank and the largest bank in Africa by number of customers, spanning three continents, 12 countries and 29 million clients.

“It will bring together treasury, risk management and corporate banking expertise with strong retail and digital banking capabilities to create a financial institution operating across the full suite of products for all customer segments.”…