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Showing posts from August, 2025

Ellah Lakes PLC: Capital Raise, Agribusiness Expansion, and What Investors Should Know

If there is one stock that has generated a lot of buzz lately, it would be Ellah Lakes PLC. For investors who see potential in the company following the recent spectacular performances of companies in similar sector (Okomu and Presco) and are willing to take or have taken on a long position, for speculators and traders who are riding on the sector's boom to make quick capital appreciation, and for non believers in the company who make a case with past performance and do not believe in any near term breath of fresh air in the horizon, the buzz has continued to intensify. Are any of the groups right? That might not really matter, as long as whichever route one has followed aligns with one's investment philosophy. Ellah Lakes PLC is a growing indigenous agribusiness company. Established in 1980 as a fish farming enterprise, the company underwent a strategic shift in 2019 following the acquisition of Telluria Limited. It repositioned itself as a vertically integrated agro-industria...

Access Holdings PLC Appoints Substantive Group Managing Director/CEO

On the 28th of August, 2025, the investing public woke up to a publication from Access Holdings PLC (Accesscorp), the parent company of Access Bank PLC, announcing the appointment of a substantive Group Managing Director/Chief Executive Officer. This distantly follows the demise of the former GMD/CEO, Herbert Wigwe, one of the cofounders of the bank and holding company on February 9, 2024, more than 18 months ago.  Immediately following his demise, Ms Bolaji Agbede was then appointed as Acting Group Managing Director/CEO of Access Holdings PLC to manage and ensure stability of the corporation, a position she held until August 27 when the new announcement was made.  According to the publication which was made available to the Nigerian Exchange group, Access Holdings PLC appointed Mr Innocent Ike as the substantive Group Managing Director/Chief Executive officer of the company with effect from August 29, 2025 following the receipt of regulatory approval. He succeeds Ms Bolaji Ag...