Lotus Capital to launch 100m units of Lotus Halal ETF Berger paints embarks on major upgrade
Lotus Capital Limited has announced the successful hosting of the signing ceremony of its proposed initial offer for subscription of 100 million units of the Lotus Halal Equity Exchange Traded Fund (ETF).
This followed the receipt of the Securities and Exchange Commission (SEC) clearance of the offer.
Lotus Capital is a full-service, Halal investment management company specialising in Shari’a compliant asset management, private wealth management and financial advisory services with the specific objective of meeting the investment needs of ethical individuals, businesses, and organisations across West Africa. The board of directors of Berger Paints Plc has embarked on a major upgrade and re-engineering of the company’s organisation and human resource management infrastructure.
Speaking at the annual general meeting of the company in Lagos, Chairman of Berger Paints Nigeria Plc, Mr. Clement Olowokande, said: “Efforts are ongoing to boost the company’s managerial capacity and make the company more nimble and adaptable to take advantage of emerging opportunities in the economy. Of particular importance to us is the implementation of the local content policy in the oil and gas sector and the prospect it holds for us, given the strategic alliances and partnership we have formed with some of the largest manufacturers of paints in the world.”