UTC Nigeria Plc
Union Trading Company PLC commonly known as UTC PLC was a Swiss founded diversified conglomerate that was publicly listed on the Nigerian Stock Exchange. It was founded by Swiss traders that were affiliated with both Basel Trading Company and the Basel Mission and who wanted portions of their earnings to support the works of the mission. The traders already had business interest in India and Ghana prior to entering the Nigerian market. In Ghana, the group owned a thriving cocoa business before the beginning of World War I, years after the war, the group established its subsidiary in Nigeria in 1932. In Nigeria, the firm grew through acquisitions and trading, establishing various divisions including Dorman Long Nigeria, UTC Foods, Almagamated Metal Containers, HF Schroeder and a motors division. It increased importation of merchandise into Nigeria after World War II, during Nigeria's oil boom, UTC's revenues rose from 150 million francs to about 1.5 billion francs. But towards the ...
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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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Basel Mission
The Basel Mission was a Christian missionary society based in Switzerland. It was active from 1815 to 2001, when it transferred the operative work to , the successor organization of ''Kooperation Evangelischer Kirchen und Missione'' (KEM), founded in 2001. History From the outset the society set out to be Protestant but non-denominational. Arising from concerns about what would happen if Napoleon managed to seize the city of Basel, both Calvinists from Basel and Lutherans from Württemberg made a holy vow to establish the seminary if the city was spared. The Basel mission was the result. The first president of the society was the Reverend Nikolaus von Brunn. The mission was founded as the German Missionary Society in 1815. The mission later changed its name to the Basel Evangelical Missionary Society, and finally the Basel Mission. The society built a school to train Dutch and British missionaries in 1816. Since this time, the mission has worked in Russia and the Gold Coast ...
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World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdin ...
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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 ...
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Conglomerate Companies Of Nigeria
Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Conglomerate (record label), a hip hop label founded by Busta Rhymes * The Conglomerate (Australian group), a jazz quartet See also * Conglomerate Ridge, in the Ellsworth Mountains, Antarctica * ConGlomeration (convention) ConGlomeration was an annual multigenre convention held in or around Louisville, Kentucky between 2001 and 2019. ConGlomeration was an all-volunteer non-profit organization which, as part of its convention programming, conducted charitable activ ...