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Global Fleet Group
The Global Fleet Group is a large diversified conglomerate in West Africa. Overview The Global Fleet Group is a business conglomerate, that is headquartered in Lagos, Nigeria, with interests across a range of sectors in Africa. Current interests include oil and gas, airlines, magazines, insurance, hotels, resorts, real estate, petrol stations, manufacturing and banking. In the financial services sector, the Group owns 100% the shareholding in Energy Bank of Ghana and the former Oceanic Bank of São Tomé. Subsidiary companies The Global Fleet Group includes the following subsidiaries, among others: # Air Nigeria - Lagos, Nigeria - Formerly Virgin Nigeria # Nicon Insurance - |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virgin Nigeria
Air Nigeria (originally Virgin Nigeria Airways, and then Nigerian Eagle Airlines) was the national flag carrier of Nigeria, which operated scheduled regional and domestic passenger services. The airline's base was Murtala Mohammed International Airport in Ikeja, its head office was in Lagos Island, Lagos and the C&M building in Crawley, and its registered office was in Ikoyi, Lagos. The airline, which effectively replaced the defunct Nigeria Airways, was founded in 2004 as a joint venture between Nigerian investors and the Virgin Group. Virgin withdrew from the business between 2008 and 2010. Following two name changes, Air Nigeria announced on 6 September 2012 that it had made its staff redundant and ceased operations on 10 September 2012. History Origins Nigerian institutional investors owned 51% of the company and Virgin Atlantic the remaining 49%. The airline's inaugural flight was on 28 June 2005 from Lagos to London Heathrow, using an Airbus A340-300 aircraft. Virgi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Air Nigeria
Air Nigeria (originally Virgin Nigeria Airways, and then Nigerian Eagle Airlines) was the national flag carrier of Nigeria, which operated scheduled regional and domestic passenger services. The airline's base was Murtala Mohammed International Airport in Ikeja, its head office was in Lagos Island, Lagos and the C&M building in Crawley, and its registered office was in Ikoyi, Lagos. The airline, which effectively replaced the defunct Nigeria Airways, was founded in 2004 as a joint venture between Nigerian investors and the Virgin Group. Virgin withdrew from the business between 2008 and 2010. Following two name changes, Air Nigeria announced on 6 September 2012 that it had made its staff redundant and ceased operations on 10 September 2012. History Origins Nigerian institutional investors owned 51% of the company and Virgin Atlantic the remaining 49%. The airline's inaugural flight was on 28 June 2005 from Lagos to London Heathrow, using an Airbus A340-300 aircraft. Vir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
São Tomé
São Tomé is the capital and largest city of the Central African island country of São Tomé and Príncipe. Its name is Portuguese for " Saint Thomas". Founded in the 15th century, it is one of Africa's oldest colonial cities. History Álvaro Caminha founded the colony of São Tomé in 1493. The Portuguese came to São Tomé in search of land to grow sugarcane. The island was uninhabited before the arrival of the Portuguese sometime around 1470. São Tomé, situated about north of the equator, had a climate wet enough to grow sugarcane in wild abundance. 2,000 Jewish children, eight years old and under, were taken from the Iberian peninsula for work on the sugar plantations. The nearby African Kingdom of Kongo eventually became a source of slave labor as well. The island of São Tomé was the main center of sugar production in the sixteenth century; it was overtaken by Brazil by 1600. São Tomé is centred on a sixteenth-century cathedral, that was largely rebuilt in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oceanic Bank
Oceanic Bank International, commonly referred to as Oceanic Bank, was a bank in Nigeria that provided individual, commercial and corporate banking services. History Oceanic Bank was incorporated on March 26, 1990, as a private limited liability company with 100% equity ownership by Nigerian citizens, and licensed on April 10, 1990, to carry on commercial banking. The bank commenced business on June 12, 1990, at the Waterfront Plaza, Plot 270, Ozumba Mbadiwe Avenue, Victoria Island, Lagos. It was listed on the Nigerian Stock Exchange on June 25, 2004. In October 2010, Cecilia Ibru, the former head of Oceanic Bank, was sentenced to eighteen months and ordered to forfeit over US$1 billion for fraud. Following the sentencing of Mrs Ibru after she pleaded guilty to three-count charge bordering on negligence, reckless grant of credit facilities and mismanagement of depositors’ funds, the Bank was put into administration and subsequently acquired in 2011 by a rival bank, Ecobank. In J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and Togo in the east.Jackson, John G. (2001) ''Introduction to African Civilizations'', Citadel Press, p. 201, . Ghana covers an area of , spanning diverse biomes that range from coastal savannas to tropical rainforests. With nearly 31 million inhabitants (according to 2021 census), Ghana is the List of African countries by population, second-most populous country in West Africa, after Nigeria. The capital and List of cities in Ghana, largest city is Accra; other major cities are Kumasi, Tamale, Ghana, Tamale, and Sekondi-Takoradi. The first permanent state in present-day Ghana was the Bono state of the 11th century. Numerous kingdoms and empires emerged over the centuries, of which the most powerful were the Kingdom of Dagbon in the north and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Bank
Energy Bank Sao Tome e Principe, also referred to as Energy Bank STP, but commonly known as Energy Bank, is a commercial bank in Sao Tome. It is one of the eight commercial banks licensed by the Central Bank of São Tomé and Príncipe, the country’s banking regulator. , Energy Bank is a small financial services provider in Sao Tome. The bank’s total assets are estimated at about US$10 million. The shareholders’ equity is estimated at about US$6.8 million. History Energy Bank Sao Tome & Principe (STP), commenced operation as Oceanic Bank (STP) on 14 July 2008. Its second branch, in the proximity of the main market was opened on 11 May 2010. A one hundred percent acquisition of the bank was done by Global Fleet (United Kingdom), under the leadership of Dr. Jimoh Ibrahim, OFR - Chairman, which transaction transferred ownership and control of Oceanic Bank in June, 2011. Ownership The shares of stock of Energy Bank are privately owned. The major shareholders in the bank are (a) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petrol Station
A filling station, also known as a gas station () or petrol station (), is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold in the 2010s were gasoline (or petrol) and diesel fuel. Gasoline pumps are used to pump gasoline, diesel, compressed natural gas, CGH2, HCNG, LPG, liquid hydrogen, kerosene, alcohol fuel (like methanol, ethanol, butanol, propanol), biofuels (like straight vegetable oil, biodiesel), or other types of fuel into the tanks within vehicles and calculate the financial cost of the fuel transferred to the vehicle. Besides gasoline pumps, one other significant device which is also found in filling stations and can refuel certain (compressed-air) vehicles is an air compressor, although generally these are just used to inflate car tires. Many filling stations provide convenience stores, which may sell confections, alcoholic beverages, tobacco products, lottery tickets, soft drinks, snacks, coffee, newspapers, ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
