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Lekoil Limited
LEKOIL is a Cayman incorporated company, which is focused through its shareholding in Lekoil Nigeria on African oil exploration and production, with interests in Nigeria and offshore Namibia. The company was founded in 2010 by a former analyst from Alliance Bernstein and listed on the Alternative Investment Market of the London Stock Exchange in 2013. According with the company Website: , its ambition is to be the world’s leading exploration and production company focused on Africa. In realising this vision, the company will seek to maximise value for its stakeholders in a sustainable manner, by operating with integrity and leveraging local resources – to the benefit of the countries and communities in which they operate. History LEKOIL was founded in 2010 by Olalekan ("Lekan") Akinyanmi, a native Nigerian and former analyst for Alliance Bernstein, and a group of professionals from the finance and oil industry. LEKOIL initially struggled to secure any of the Nigerian o ...
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Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinct ...
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Lüderitz Bay
Lüderitz Bay or Lüderitzbaai (german: Lüderitzbucht), also known as Angra Pequena (, "small cove"), is a bay in the coast of Namibia, Africa. The city of Lüderitz is located at the edge of the bay. Geography The bay is indented and complex in structure. It opens to the Atlantic Ocean in the west. Lüderitz town is located in the southern shore of the inner eastern bay, which is known as ''Angra Pequena'' in Portuguese and opens towards the north. Further west Griffith Bay, a deep inlet, stretches southwards in the southern part. The bay west of 'Angra Point' is known as Shearwater Bay, the location of a proposed port for the export of amongst other things, coal from Botswana. This requires the construction of the 1600 km Trans Kalahari Railway. There are two islands facing Agate Beach in the northeastern part of the bay, Penguin Island and Seal Island. In the southern part of the bay, a course has been created to hold the Lüderitz Speed Challenge, an annual spee ...
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The Times
''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (founded in 1821) are published by Times Newspapers, since 1981 a subsidiary of News UK, in turn wholly owned by News Corp. ''The Times'' and ''The Sunday Times'', which do not share editorial staff, were founded independently and have only had common ownership since 1966. In general, the political position of ''The Times'' is considered to be centre-right. ''The Times'' is the first newspaper to have borne that name, lending it to numerous other papers around the world, such as ''The Times of India'', ''The New York Times'', and more recently, digital-first publications such as TheTimesBlog.com (Since 2017). In countries where these other titles are popular, the newspaper is often referred to as , or as , although the newspaper is of nationa ...
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Numis
Numis is an independent institutional stockbroker and corporate advisor with its main headquarters in the City of London. By the autumn of 2017, the firm had 195 stock market clients, and a February 2018 report by Adviser Rankings Ltd found that it was broker to eleven of the largest fifty firms in London's Alternative Investment Market. It currently employs around 235 staff in London and New York City. The firm was originally formed in 1989 as a merger between Hemsley & Co Securities and Raphael Zorn and was known by the name of RZH Ltd before rebranding as Numis in 2000. In 2016, Oliver Hemsley stood down as Numis CEO after 25 years. Alex Ham and Ross Mitchinson succeeded Hemsley as co-CEOs, with Ham running the firm's advisory and corporate broking arm and Mitchinson its equities In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' ...
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Mark Simmonds
Mark Jonathon Mortlock Simmonds (born 12 April 1964) is a Conservative Party politician in the United Kingdom. He was the Member of Parliament (MP) for Boston and Skegness in Lincolnshire, and was first elected in 2001, succeeding Sir Richard Body. He was re-elected in 2005 with a greatly increased majority before his subsequent re-election in 2010 – more than doubling his 2005 majority. In September 2012 he was appointed to the Government as a Parliamentary Under-Secretary of State for Asia and the Pacific. On 11 August 2014 he resigned this post and confirmed that he would step down as an MP at the 2015 general election. In October 2015, he was appointed non-executive director of the AIM-listed fertiliser company, African Potash. On 6 January 2020, Simmonds was appointed a non-executive director of the AIM-listed African oil exploration company, LEKOIL, a week before the company announced that it had been the victim of a US$184m fraud. Early life Born in Worksop, S ...
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Abu Dhabi Investment Authority
The Abu Dhabi Investment Authority ( ar, جهاز أبوظبي للاستثمار, ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi (in the United Arab Emirates) founded for the purpose of investing funds on behalf of the Government of the Emirate of Abu Dhabi. It manages the Emirate's excess oil reserves and is estimated to manage $790 billion. ADIA's operations have been characterized as secretive and opaque. History In 1967, Abu Dhabi emirate created the Financial Investments Board which operated within its Department of Finance and was responsible for managing the Emirate's excess oil revenues. However, in 1976, Sheikh Zayed bin Sultan Al Nahyan, the founding president of the United Arab Emirates, converted it into the Abu Dhabi Investment Authority. The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. At the time it was novel for a government to invest its reserves in anything other than Official gold res ...
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Advance-fee Scam
An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. If a victim makes the payment, the fraudster either invents a series of further fees for the victim to pay or simply disappears. FBI. The Federal Bureau of Investigation (FBI) states that "An advance fee scheme occurs when the victim pays money to someone in anticipation of receiving something of greater value - such as a loan, contract, investment, or gift - and then receives little or nothing in return." There are many variations of this type of scam, including the Nigerian prince scam, also known as a 419 scam. The number "419" refers to the section of the Nigerian Criminal Code dealing with fraud and the charges and penalties for such offenders. The scam has been used with fax and tradit ...
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State Of Qatar
Qatar (, ; ar, قطر, Qaṭar ; local vernacular pronunciation: ), officially the State of Qatar,) is a country in Western Asia. It occupies the Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it shares Qatar–Saudi Arabia border, its sole land border with Saudi Arabia to the south, with the rest of its territory surrounded by the Persian Gulf. The Gulf of Bahrain, an inlet of the Persian Gulf, separates Qatar from nearby Bahrain. The capital is Doha, home to over 80% of the country's inhabitants, and the land area is mostly made up of flat, low-lying desert. Qatar has been ruled as a hereditary monarchy by the House of Thani since Mohammed bin Thani signed a treaty with the British in 1868 that recognised its separate status. Following Ottoman Empire, Ottoman rule, Qatar became a British protectorate in 1916, and gained independence in 1971. The current emir is Tamim bin Hamad Al Thani, who holds nearly all executive and legislative ...
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Qatar Investment Authority
The Qatar Investment Authority (QIA; ar, جهاز قطر للإستثمار) is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In 2021, the QIA had an estimated $450 billion of assets. The QIA's structure and decision-making procedures have been characterized as non-transparent. Spending decisions regarding the fund have been linked to the emir and the prime minister (regardless of whether they sit on the board of the fund). On September 2017, the Research gate (blog post of Berlin) provided data about the functioning behind the Qatar Investment Authority’s investments and it was found out that QIA's participation in global capitalism as a fully state-owned business is a compelling and little-examined facet of the organization. By examining fine-grained ownership data, CORPNET can monitor these activities on a worldwide scale. Beyond Sovereign Wealth Funds, any stat ...
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Nigerian Stock Exchange
The Nigerian Stock Exchange (NSE) now Nigerian Exchange Group is a Nigerian stock exchange founded in 1961 in Lagos. As of November 2019, it has a total of 161 listed companies, with 8 domestic companies on the premium board, 144 companies on the mainboard, and 4 on the Alternative Securities Market (ASeM) board. In the Fixed Income market, the NSE has 84 FGN bonds, 21 state bonds, 27 corporate bonds, 1 supranational bond, and 53 memorandum listings. Mission The NSE mission is to enable businesses and investors to have reliable access to capital and provide secure saving systems and structure for effective and efficient business operations. History The Nigerian Stock Exchange was founded as the Lagos Stock Exchange, on September 15, 1960. The Lagos Stock Exchange is the oldest existing stock exchange in West Africa. There were seven subscribers to the Exchange’s Memorandum of Association: R.S.V. Scott, representing C.T. Bowring and Co. Nigeria Ltd.; Chief Theophilus Adebayo D ...
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Mirabaud Group
Mirabaud is an international banking and financial group based in Geneva, Switzerland. Founded in 1819, it gradually developed into the third largest private bank in the city. Six partners are involved in the group's day-to-day management. Mirabaud provides services in wealth management, asset management and brokerage to private clients and institutions around the world. History ''Mirabaud et Cie'' was founded in 1819 and is one of the oldest banks in Switzerland. Family-owned and operated, the bank has played a key part in the construction and development of the Swiss financial system, helping co-found the Geneva Stock Exchange in 1857. In 1973, it pioneered the development of Swiss hedge funds. In 1985, Mirabaud opened its first foreign bureau in Montréal, followed in 1990 by the reinforcement of its historical presence in London The first Asian office was opened in Hong Kong in 1997 and one year later, the bank reinforced its presence in Switzerland by opening its first s ...
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Nominated Adviser
A nominated adviser (NOMAD) is a firm or company which has been approved by the London Stock Exchange (LSE) as a nominated adviser for the Alternative Investment Market (AIM) and whose name has been placed on the register of nominated advisers published by the London Stock Exchange. The NOMAD project manages the admission of new issues to AIM and also acts as the effective Regulatory agency, regulator. Typically the NOMAD is a firm of investment bankers with experience of bringing companies to the market. The NOMAD performs this regulator role under licence from the LSE. This unique situation arises largely because the AIM is an exchange regulated market. External linksAIM rules for Nominated Advisers
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