If you are one of those very active social media enthusiasts on WhatsApp, Twitter or Facebook, then you must have come across the image below.
List of shareholders in MTN as at May 2019.
The list above purportedly contains the list of shareholders of MTN Nigeria including their shareholding and percentage holdings of the company.
Why this matters? The above list shows shareholders who are likely to sell to potential investors in the company. Without them selling, you can’t buy. Interesting to note that 90% of the shares of the company is owned by corporations who hold their shares for strategic reasons and may not sell in the nearest future.
Billionaires club: All the current shareholders of MTN have shares valued in the billions except for, Karl Toriola who owns just 920,000 shares worth about N100 million. The next least shareholder with 177 million shares has a valuation of about N19.3 billion.
Who might sell? From the list above, the shareholders likely to sell their shares in MTN are those under pressure to have some cash. The only person on that list that might be under some form of pressure is Pascal Dozie. The Business Patriarch has lost ownership of Diamond Bank to Access Bank and may need cash to sojourn into something else, perhaps FinTech.
Something else: MTN has about 7,495,486,950 unissued shares which if sold today will be worth about N810 billion ($2.2 billion) based on the last closing price. If it ever decides to have a public offer, then these are the shares it will sell. For now, these shares remain unissued until a public offer is announced. (Nairametrics)
Chelsea have been accused of lacking leaders by John Obi Mikel, with the former Blues star considering Maurizio Sarri’s squad to be short of inspirational figures.
Back when the Nigeria international graced the books at Stamford Bridge, a number of talismanic figures lined up alongside him.
John Terry, Frank Lampard and Didier Drogba were iconic performers who set the standard for those around them.
Others were, however, prepared to do their part, with Mikel among those willing to step up and make his voice heard.
He spent over 10 years in west London, winning two Premier League titles and the Champions League, and feels Chelsea have regressed in the two years since he departed.
Sarri’s side have secured another top-four finish, while reaching the finals of the Carabao Cup and Europa League, but questions have been asked of them throughout the 2018-19 campaign.
Mikel believes part of the problem is that not enough players are taking responsibility.
There may still be plenty of international stars in the Blues squad, but they lack the “edge” required to challenge for the grandest of prizes.
“When I watch them now, they’re fantastic players but I don’t see leaders,” Mikel told The Sun.
“During our time I could scream at Didier Drogba or Lampard.
“I was 24 or 25 years old but I could voice my opinion and it would be heard.
“Now when I watch them, there’s no one talking to each other, taking responsibility of being the leader.
“You need that edge and right now that’s what they’re lacking.”
Chelsea have the chance to prove that they have the stomach for a fight when taking on Arsenal in the Europa League final.
That contest, which has sparked plenty of controversy, is due to take place in the Azerbaijani capital of Baku on May 29.
Sarri’s side already have Champions League qualification secured through their Premier League standing, but will want to end the campaign with tangible reward for their efforts.
They may have to search for leaders within their existing squad as they face a transfer ban, imposed by UEFA, which they are appealing.
Seplat Petroleum Development Company Plc has paid N18 dividend per share to its shareholders for the 2018 financial year. The dividend payout amounted to N10.6 billion.
Austin Avuru, Seplat’s Chief Executive Officer, said the company’s operational and financial performance resulted in robust profitability and cash flow generation, which provided an extremely solid foundation for growth for the coming years.
The company’s Gross Earnings declined from N28 billion in the first quarter of 2018 to N24 billion in 2019. This marks a 14.28% decrease year on year.
Profit before tax reduced to N5 billion in 2019, from N17 billion in 2018, representing a downturn of 70.5%. Profit after tax, however, increased from N6 billion in 2018, to N10 billion in 2019, representing a boost of 66.6%.
Diluted earnings per share also jumped from N11.11 in 2018, to N17.56 in 2019.
Seplat Petroleum Development Company Plc is an oil and gas company, that explores for, develops, and produces oil and gas in Nigeria.
The company operates a portfolio of assets in the Niger Delta region, including a 45% interest in the OML 4 that covers an area of 267 square kilometers; a 45% interest in OML 38 that covers an area of 2,094 square kilometers; and a 45% interest in OML 41 that covers an area of 291 square kilometers.
Seplat also holds a 40% non-operated working interest in OPL 283 marginal field area and is located in the northern onshore depo-belt of the Niger Delta; a 40% in OML 53 that covers an area of 1,585 square kilometers and is located onshore in the northeastern Niger Delta; and interest in OML 55 that covers an area of 840 square kilometers and is located in the southeastern Niger Delta.
Seplat Petroleum Development Company Plc was founded in 2009 and is based in Lagos, Nigeria.
The company’s stock is currently trading at N520 on the Nigerian Stock Exchange, NSE
soon begin collection of Value Added Tax (VAT) on online transactions.
The chairman of the agency, Babatunde Fowler, made the disclosure in an interview with the News Agency of Nigeria (NAN) in New York on Saturday.
Mr Fowler said: “Soon, we will ask banks to impose VAT on online transactions for purchases of goods and services.
“Not that it is something new; it actually should be in existence.
“We will certainly follow up to make sure that every VAT that is due to be collected is collected.”
He explained that the move was part of measures by FIRS to meet its N8 trillion revenue target for 2019.
Mr Fowler said the agency had started taking action against companies and businesses that refused to embrace the Federal Government’s tax amnesty programme.
According to him, FIRS hopes to generate between N750 billion and N1 trillion from the clampdown, which includes closure of defaulters’ bank accounts.
“We are going after everybody. I am sure you have heard that we have placed lien on some accounts of defaulters that have a billion naira turnover annually.
“So certainly, we are not leaving anyone out of the tax net,” he said.
It gave tax defaulters a one-year period of grace to declare and settle their unpaid taxes.
There have been complaints by some taxpayers of being wrongly targeted by FIRS in the clampdown.
Mr Fowler admitted there were problems, but blamed them on “administrative error,” arising from the huge number of accounts involved.
“Well, there is certainly one or two instances where we made administrative error, but when you are looking at over 50,000 accounts, there is a tendency that sometimes an error might be made.
On plans by the Joint Tax Board to raise the country’s tax population to 45 million, Mr Fowler said the agency was relying on multiple information sources.
These, according to him, include the country’s Bank Verification Number database and sister agencies with relevant information. (NAN)