Business

PZ Cussons Fix Over N326bn Remunerations for Directors

The Directors are Ifueko M. Omoigui Okauru (Chairperson), Dimitris Kostianis (CEO), Joyce Coker, Ballama Manu, Oluwatoyin Odutayo, Suleyman A Ndanusa, and Kareem Moustafa.

Published

2 years ago

November 26, 2024

OCHEFA

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PZ Cussons Nigeria Plc Board of Directors will be remunerated to the tune of over N326 billion in 2025 Financial Year.

The Directors are Ifueko M. Omoigui Okauru (Chairperson), Dimitris Kostianis (CEO), Joyce Coker, Ballama Manu, Oluwatoyin Odutayo, Suleyman A Ndanusa, and Kareem Moustafa.

The company disclosed this in a statement filed with the Nigerian Exchange Limited (NGX), for its 76th Annual General Meeting (AGM) scheduled to be held at the TranscorpHilton, FCT, Abuja, on Thursday, 28 November 2024.

It said that the shareholders to consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company: “THAT the Directors’ remuneration for the financial year ending 31 May 2025 be and is hereby fixed at N326,591,094 and sitting allowance be paid for additional meetings outside the fixed remuneration.”

The Company’s Secretary also notify the shareholders and stakeholders that the agenda for the AGM has been amended to rephrase resolution as follows: Ordinary Business

To lay before the meeting the Financial Statements for the year ended 31 May 2024, the Reports of the Directors, the Independent Auditors and the Audit Committee thereon.

To elect/re-elect Directors.a. To re-elect Mallam Ballama Manu, who is over 70 years old but eligible for reelection as a Director pursuant to section 282 of the Companies and Allied Matters Act 2020b.

To re-elect Mrs. Toyin Odutayo as a Director

To elect Mr. Kareem Moustafa as a Director

To authorise the Directors to fix the remuneration of the Auditors, etc.

Related Topics:Board of Directors Featured

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NPA initiate trucks movement code to ease traffic at Lagos ports

The initiative is designed to ensure that each truck is matched exclusively to its designated empty container, eliminate multiple allocations, improve traffic management and enhance operational efficiency within the port corridor.

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July 30, 2026

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The Nigerian Ports Authority (NPA) has introduced a movement code to streamline the movement of empty containers into seaport terminals and reduce traffic congestion caused by container trucks along the Apapa and Tin Can Island port corridors.

The Guardian reported that under the new policy, the movement code will serve as a unique identifier generated by a holding bay for every empty container uploaded to the Electronic Call-Up (ETO) platform.

The code must correspond with the details captured on the ETO system before trucks are granted access to port terminals.

In a notice issued to stakeholders, the NPA said the movement code has become a mandatory requirement for completing the truck-container matching process.

Truck drivers are required to obtain the code from designated holding bays before proceeding to the ports.

According to the authority, the initiative is designed to ensure that each truck is matched exclusively to its designated empty container, eliminate multiple allocations, improve traffic management and enhance operational efficiency within the port corridor.

Business

Okonjo-Iweala lauds Cardoso for stabilising Nigeria’s monetary environment

Okonjo-Iweala, gave the commendation on Thursday at the 7th Africa Emerging Markets Forum held in Abuja, with the theme: “Building Resilience Amidst Geo-economic Uncertainties.”

Published

2 days ago

July 30, 2026

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46 Views

The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has commended the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, for stabilising Nigeria’s monetary environment.

Okonjo-Iweala, gave the commendation on Thursday at the 7th Africa Emerging Markets Forum held in Abuja, with the theme: “Building Resilience Amidst Geo-economic Uncertainties.”

Speaking at the forum, Okonjo-Iweala commended Cardoso on the work that he and his team have done on currency and monetary policy stabilisation.

However, she emphasised that Nigeria must sustain broader macroeconomic reforms.

“Nigerians have to feel the dividends of reform in the real economy,” she added.

The forum brought together policymakers, business leaders and development partners to discuss strategies for strengthening Africa’s resilience amid growing global economic uncertainty.

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Naira Exchange Rates Thursday, July 30 : Black Market, CBN, Commercial Bank

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