Cement Company Of Northern Nigeria Plc (CCNN.ng) 2016 Annual Report


first_imgCement Company Of Northern Nigeria Plc (CCNN.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released it’s 2016 annual report.For more information about Cement Company Of Northern Nigeria Plc (CCNN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Cement Company Of Northern Nigeria Plc (CCNN.ng) company page on AfricanFinancials.Document: Cement Company Of Northern Nigeria Plc (CCNN.ng)  2016 annual report.Company ProfileCement Company of Northern Nigeria Plc manufactures and sells cement in Nigeria under the brand name Sokoto Cement. The company produces CEM II type cement which is used by the home building and construction sectors in Nigeria for making cement blocks as well as for plastering and concrete works. CEM II type cement is renowned for its high early strength, rapid setting and low heat of hydration which is ideal for major construction works. The cement brand name is taken from the founder of the company, the Premier of the then Northern Region, Alhaji Sir Ahmadu Bello, Sardauna of Sokoto. It was incorporated in 1962 and started producing cement in 1967 to meet the demand for cement needed for the expansion of Kalambaina Plant. Cement Company of Northern Nigeria Plc was privatised and a member of Heidelberg Cement Group, Scancem International ANS of Norway, was elected core investor and technical partner in 2000. A Nigerian-based firm, Damnaz Cement Company Limited, became the new core investor in 2008 when Heidelberg divested its stake in the business. BUA International Limited acquired Damnaz Cement Company and became the majority shareholder in Cement Company of Nigeria plc and its technical partner. The company’s head office is in Lagos, Nigeria. Cement Company of Northern Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

Stock market crash: 2 FTSE 100 shares I’d buy in a crisis to get rich and retire early


first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. It looks like global markets could be in panic mode again. Both the FTSE 100 and S&P 500 fell almost 5% this week, at the time of writing. Volatility increased after further Covid-19-related lockdowns were announced in parts of Europe. Also, there is uncertainty surrounding the outcome of the US election and the timing of further economic stimulus.Are we in the midst of a stock market crash? I’d say that stock markets don’t tend to like uncertainty, so it’s quite reasonable to be cautious. If we do get further stock market weakness, I’d see it as a good opportunity to top up on some quality FTSE 100 shares for my Stocks and Shares ISA.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Fear can grip investors when we see stocks down 5% in one day. Stock markets can be volatile at times. I’d say that it’s important to keep a cool head and think rationally. If I liked a FTSE 100 stock when it was trading at £5, has anything fundamentally changed if it starts trading at £4? If the answer is no, then perhaps it is on sale. It may provide a good long-term buying opportunity. Top of the FTSE 100 chartsOne such FTSE 100 company that I would buy in a stock market crash is Ashtead (LSE: AHT). It’s a well-managed international equipment rental company. Ashtead sits at the top of the FTSE 100 leader board for stock performance over the past 10 years. Incredibly, it has returned over 2,100%.With such phenomenal performance, how much more can it have to offer? Much more, in my opinion. It operates the second-largest equipment rental brand in the US. Its Sunbelt Rentals brand comprises 86% of Ashtead group’s revenue.Both US election candidates have indicated a focus on infrastructure. Ashtead looks well-placed to benefit from an increase in government spending in this sector over the coming years.Ashtead benefits from a 12% return on capital and 22% operating margin. It even provides a dividend income. With a long and healthy track record, I’d consider this quality FTSE 100 company as part of my ‘get rich and retire early’ portfolio, especially on any further weakness in price.Resilient earningsAnother quality FTSE 100 share that I’d buy on further stock market weakness is Hargreaves Lansdown (LSE: HL.). Earlier this month, it announced that it had seen growth in clients, assets, and revenue over the past quarter. The number of net new clients grew by 31,000. Assets under administration grew by 3% and revenue increased by 12%.I’d say that this established investment platform demonstrates a resilient business model amid market uncertainty. Even with weakened market sentiment surrounding Covid-19, Brexit, and uncertainty surrounding the US election, this FTSE 100 firm has managed to grow.Since National Savings and Investments (NS&I) cut its interest rates in mid-September, Hargreaves Lansdown saw new investment flows back into the business. In the current low-interest-rate environment, I believe it should continue to benefit from investors looking for greater yields.Hargreaves Lansdown is a high-quality business, demonstrated with a return on capital of 65%. This is almost the greatest from all shares in the FTSE 100. Besides, it provides a generous dividend of 3%, which is most welcome in these uncertain times. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997”center_img Harshil Patel | Friday, 30th October, 2020 | More on: AHT HL I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Harshil Patel has no position in any of the shares mentioned. The Motley Fool UK has recommended Hargreaves Lansdown. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. Stock market crash: 2 FTSE 100 shares I’d buy in a crisis to get rich and retire early See all posts by Harshil Patellast_img read more

Famous win for Glasgow, upsetting Toulouse in France


first_imgThursday Jan 22, 2009 Famous win for Glasgow, upsetting Toulouse in France Glasgow Warriors achieved a famous victory in the Heineken Cup on the weekend as they took on French champions Toulouse in their own back yard. Winning 33-26, they shocked the home crowd and gained respect across the rugby world. Having not been beaten at Stade Ernest Wallon in two years and 15 matches, and with a quarter final in their sights, Toulouse were the odds on favourites. Glasgow were playing for nothing more than self-respect and the possibility of improving their seeding in future events. This was a true underdog story, and one that gives hope to those sides and players out there who lack the self belief to pull off the unimaginable. They came out firing with a sense of pride and passion rarely seen by the side that has struggled to achieve in the past. The final score is somewhat deceiving, as the visitors had a comfortable points cushion throughout. When Dan Parks kicked his first penalty, the crowd cheered, almost sympathetically. The reality of what was happening soon hit home though as the visitors scored two quick tries, and controlled the match right up until the last few minutes, when the French champions dramatically came back with a penalty try and a score from Vincent Clerc. Fourteen points of the lead was wiped away in two attacks. For a moment it looked as though the games greatest comeback could outdo one of its greatest shocks. But it was not to be, as Toulouses only consolation was the late penalty that gave them a losing bonus point. So it was victory for Glasgow, delighting coach Sean Lineen. “It makes you very proud of what the team did, very humble. “We’ve not been basking in the glow, but it’s always good now and then to stop and have a little look at what you’ve done. When you do something special you’ve got to be allowed to enjoy it.” Time: 08:09 ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Glasgow Warriors Related Articles 81 WEEKS AGO Dave Rennie to take over from Michael Cheika… 125 WEEKS AGO History made as both Scottish sides make… 312 WEEKS AGO Leone Nakarawa’s football pass during the… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueey10 Types of Women You Should Never MarryNueeyShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Watch Mathieu Bastareaud play at number eight in nail-biter between San Diego and New York


first_imgTuesday Mar 17, 2020 Watch Mathieu Bastareaud play at number eight in nail-biter between San Diego and New York While Major League Rugby in the USA has been called off, alongside most other rugby competitions that have been postponed due to the Corona virus, it gives us a chance to take some time out and enjoy a full match. On this occasion, it’s San Diego Legion vs New York United, with some big names in action.ADVERTISEMENTAhead of kickoff, San Diego were the only remaining undefeated team going into the week five match.But with former French international Mathieu Bastareaud and former England international Ben Foden in their ranks, NYCU were always going to pose a challenge.With Bastareaud, reportedly weighing in at 130kg, now a fully-fledged number eight, it makes for interesting viewing.This one went right down to the wire, so we won’t give away the score here. Enjoy. Posted By: rugbydump Share Send Thanks Sorry there has been an error News Related Articles 25 WEEKS AGO Exeter vs Toulouse is off as a number of… 25 WEEKS AGO Danny Cipriani leaves Gloucester with immediate… 25 WEEKS AGO ‘Aphiwe can’t believe it. We were starting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Same-sex marriage wins in Alabama


first_imgOutside the Jefferson County courthouse, Feb. 9, in Birmingham, Ala.The number of states that deny couples of the same sex the most basic human right to marry continues to shrink. Only 13 states are left. By federal court order, on Feb. 12, Alabama became the 37th state to begin issuing marriage licenses to same-sex couples.On Jan. 23, U.S. District Judge Callie Granade struck down Alabama’s marriage ban, which voters passed in 2006. State officials then asked the U.S. Supreme Court to stay Judge Granade’s ruling and prohibit county courts from issuing licenses until the high court rules on marriage equality cases from four other states later this year. The Supreme Court denied the stay on Feb. 9.After some county courts began granting marriage licenses to all couples,  Chief Justice Roy Moore of the Alabama Supreme Court ordered all probate courts to deny licenses to same-sex couples. In true Confederate fashion, Judge Moore raised the banner of “states’ rights.”Moore gained notoriety in 2002 for refusing to obey a federal court order to remove a huge monument to the Ten Commandments from the grounds of his courthouse. The Ku Klux Klan of Mississippi has issued a “call to arms” to “white Christians” to rally behind Judge Moore for “resisting [the] Imperialist Communist Homosexual agenda,” reported the Southern Poverty Law Center’s Hatewatch blog, on Feb. 10.On Feb. 12, Judge Granade ruled against Moore, stating that all probate courts must issue same-sex marriage licenses. At last count, all but 17 of Alabama’s 67 counties were honoring Granade’s order. This includes Mobile County, where Kim Gebauer and Regina Gebauer stayed all day for four days at the probate court until the clerk opened the window and gave them a license. The window had been closed after Moore’s order, making it also impossible for heterosexual couples to wed.Despite the latest federal ruling, the state Supreme Court agreed 7-2 to hear petitions from two right-wing Alabama groups seeking to retain the marriage ban.Given how much bigotry against lesbian, gay, bisexual, transgender and queer people still lingers in the Bible Belt South, couples such as the Gebauers are showing tremendous courage when they make their commitments in the public eye.In April, the U.S. Supreme Court will hear marriage rights’ cases from Ohio, Michigan, Kentucky and Tennessee, with a ruling expected in June. The Alabama win, the latest in a string of victories, has the LGBTQ movement even more convinced that same-sex marriage will soon be legal throughout the country. That may well be the case, but the movement and its allies should be prepared to rise up if a court decision comes down otherwise.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

#Watch Probationer Gardaí welcomed to Limerick City


first_imgAdvertisement Facebook Previous articleAnalog Devices Internationals 1200+ in Ireland at the forefront of innovationNext articleHigh skilled jobs at KEMP Staff Reporterhttp://www.limerickpost.ie RELATED ARTICLESMORE FROM AUTHOR WhatsApp Man arrested after buildings in Limerick city centre allegedly damaged by gunfire Probationer Gardaí have been added to Limerick City today, having been welcomed by Chief Superintendent Gerard Roche at Henry Street Garda Station in Limerick City.The probationer Gardaí, from Limerick, Sligo, Offaly, Galway, Clare, Tipperary and Kerry will take up roles in Henry Street and Roxboro Garda Station.Sign up for the weekly Limerick Post newsletter Sign Up Brendan O’Reilly, Probationer Garda originally from Sligo says he is looking forward to getting to know the locality, “I hope after the eight months we have done in college, we get a real grasp of the day-to-day dealings of being a member of the dealings of being a member of An Garda Síochána in modern day Ireland.” Linkedin Email Newcastle West Gardaí move center_img TAGSAn Garda SíochánaGardaHenry Street Garda Stationprobationer gardarecruitRoxboro Garda Station NewsCommunityVideo#Watch Probationer Gardaí welcomed to Limerick CityBy Staff Reporter – June 29, 2018 3436 Funeral tribute for the Limerick Garda known as ‘Robocop’ Twitter Gardaí across Ireland take on viral dance challenge Print Man and woman arrested after Gardaí seize cash and suspected drugs worth more than €28,000 New Garda operation to ensure public compliance with COVID-19 travel restrictionslast_img read more

Delhi Bar Council Temporarily Suspends Lawyer For Allegedly Pasting His Mobile Number On Public Walls For Soliciting Work


first_imgNews UpdatesDelhi Bar Council Temporarily Suspends Lawyer For Allegedly Pasting His Mobile Number On Public Walls For Soliciting Work LIVELAW NEWS NETWORK23 Nov 2020 8:08 AMShare This – xThe Bar Council of Delhi has temporarily suspended an Advocate’s license to practice on the ground of allegedly advertising his services/ soliciting work by pasting his mobile number on the public walls of entire South Delhi. The Council has suspended the license of one Shakeel Khan, who is enrolled as an Advocate with it since the year 1994, for “gross violation” of Rule 36 of Bar…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Bar Council of Delhi has temporarily suspended an Advocate’s license to practice on the ground of allegedly advertising his services/ soliciting work by pasting his mobile number on the public walls of entire South Delhi. The Council has suspended the license of one Shakeel Khan, who is enrolled as an Advocate with it since the year 1994, for “gross violation” of Rule 36 of Bar Council of India Rules which prescribes the Standards of professional conduct and etiquette. The provision requires Advocates not to solicit work or advertise, either directly or indirectly, whether by circulars, advertisements, touts, personal communications, interviews not warranted by personal relations, furnishing or inspiring newspaper comments or producing his photographs to be published in connection with cases in which he has been engaged or concerned. Khan is also said to have violated the provisions of the Delhi Prevention of Defacement of Property Act, 2007. Section 3 of the Act states that whoever defaces any property in public view by writing or marking with ink, chalk, paint or any other material except for the purpose of indicating the name and address of the owner or occupier of such property, shall be punishable with imprisonment for a term which may extend to one year, or with fine which may extend to fifty thousand rupees, or with both. “It has come to the notice of Bar Council of Delhi that Mr. Shakeel Khan, Advocate (Enrollment No. D/904/1994) is advertising as a specialist in divorce and Court matters, by pasting his mobile number on the public walls of entire South Delhi. It is in gross violation of Rule 36 of Bar Council of India Rules, and also, it is the violation of Delhi Prevention of Defacement of Property Act 2007′. The Council is of the view that an Advocate is the Officer of the Court and the legal profession is not a trade or business and it is a noble profession and have ethical norms and rules, which an advocate has to follow. Further Rule 36 prohibits an advocate from soliciting work, communication, advertising, circulation etc.,” an order issued by the BCD on November 23 read. The Council intimated that on conducting a preliminary enquiry it was found that there is one website also in which Khan has given his mobile number, which he has painted on the public walls. The order further disclosed, “The staff of Bar Council of Delhi also contacted Mr. Shakeel Khan on his mobile number, which prima-facie proves that Mr. Shakeel Khan has committed professional misconduct or other misconduct.” In view of the facts and circumstances, the Council has suspended Khan from practicing as an Advocate for a period of 8 weeks with immediate effect. In the meanwhile, a notice has been issued to him to show cause why his name be not removed permanently from the rolls of Bar Council of Delhi. Last year, the BCD had cautioned all Advocates registered with it against advertising their services and soliciting work. It had warned that Advocates found to be acting in contravention of Rule 36 shall be liable for ‘Misconduct’ prosecution under Section 35 of the Advocates Act. Section 35 of the Advocates Act prescribes that the disciplinary committee of a State Bar Council may reprimand, temporarily suspend or remove the name of an advocate from the State roll of advocates, if he is found guilty of misconduct. Click Here To Download Order Read OrderNext Storylast_img read more

Save Our St Joseph’s Hospital march this afternoon


first_img Google+ RELATED ARTICLESMORE FROM AUTHOR FT Report: Derry City 2 St Pats 2 Pinterest Harps come back to win in Waterford Twitter Google+ Derry draw with Pats: Higgins & Thomson Reaction A Save Our St Joseph’s Hospital Action Group march gets underway this afternoon at 1:30pm.The march is in response to what the group says is the constant spin that has been issued by Government.Chairperson of the group Fr John Joe Duffy says the time of fake grants and false promises has to come to an end.For the time being, a decision taken by the then Minister Kathleen Lynch in 2016 to replace beds at St Joseph’s, Lifford and Ramelton Community Hospitals with a new private hospital in Letterkenny still stands.Fr John Joe Duffy says the community now today needs to put on a united front:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/03/frjohnjoe1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. DL Debate – 24/05/21 WhatsApp Twittercenter_img Pinterest Save Our St Joseph’s Hospital march this afternoon Previous articleWorld Water Day marked with Think Before you Flush campaign in BundoranNext articleSecond man released on bail in Cookstown investigation News Highland AudioHomepage BannerNews Journey home will be easier – Paul Hegarty Facebook By News Highland – March 23, 2019 Facebook WhatsApp News, Sport and Obituaries on Monday May 24thlast_img read more

Troy students ‘pumped’ to return


first_img Penny Hoarder Issues “Urgent” Alert: 6 Companies Are… Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Patriot Health ZoneHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential Health32-second Stretch Ends Back Pain & Sciatica (Watch)Healthier LivingThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Although registration is still underway, Reeves said there does not seem to be a big drop in the number of students on campus.He said when dealing with large numbers of students there are always concerns but the university has make every effort to insure the safety of the campus during the pandemic.Masks are required in the buildings and encouraged at all times on campus.Classroom changes have been made to accommodate social distancing. Some classes are split so students are in class one day and on-line another. Troy students ‘pumped’ to return Print Article Pike County Sheriff’s Office offering community child ID kits By The Penny Hoarder Skip Remember America’s heroes on Memorial Day The students are self-tracking. COVID-19 tests are voluntary but recommended for students who show any signs of the coronavirus.Reeves said there has been one case of the coronavirus in a dormitory.That person is off campus and at home and those who might have been exposed are isolated off campus.The university has quarantine quarters available for those who need to be isolated.Reeves said students are self-tracking and the university campus has safeguards in place to reduce the risks exposure.“It was time for students to come back on campus and Troy University has offered our students the opportunity to be back,” Reeves said. “We will do all we can to make it through first semester.”Jayjohn said students have returned to campus with the mindset of staying on campus.“I haven’t seen anyone who is not wearing a mask,” Jayjohn said. “Everyone wants to stay safe and the guidelines that we must follow to do so are on social media. We all want some sense of normalcy.To achieve that sense of normalcy and to enjoy the college experience, will require that each person does his or her part, Jayjohn said.The SGA is searching for ways to offer events on campus that will bring that sense of normalcy to Troy University.To have opportunities for that college experience, Jayjohn said the students must “focus on the positive and be positive” and then, making it until Thanksgiving will be more than just a possibility. Reeves said it one way, “To make it through the first semester.”  Jayjohn said it another: “To make it to Thanksgiving.”Making it through first semester and to Thanksgiving would mean Troy University had successfully navigated through the challenges of COVID-19 and come out victorious on the other side.Reeves said it was good to see the campus back in full swing. Students had the option of being back in the classroom or taking classes on-line. Book Nook to reopencenter_img Email the author Neely excited to take over at Charles Henderson After moving up the coaching tree in Texas, former Troy Trojan Khadija Neely is looking forward to her first high… read more Published 5:14 pm Wednesday, August 12, 2020 Sponsored Content The Troy University campus was a-buzz with activity on Wednesday as students returned to campus following an unexpected “spring break” due to COVID-19. But, the campus scene was not one that anyone could have expected or imagined a few months ago. Students were wearing masks that muffled their voices as they scurried from place to place. There were no hugs or high-fives as students greeted each other but “We’re pumped” one young man said. “We’re here and we are pumped!”Amid the activity on campus, Dean of Students Herbert Reeves and SGA President Nicole Jayjohn stopped long enough on the Social Quad to talk about their hopes and expectations for the fall semester. By Jaine Treadwell You Might Like Latest Stories Plans underway for historic Pike County celebration Troy falls to No. 13 Clemsonlast_img read more

Signs of success, trouble for property lender Signature Bank


first_img Full Name* The ominous signs loom as the bank celebrates what chief executive Joseph DePaolo called an “unbelievable quarter” with record earnings and deposit growth, the publication reported.The bank is involved in the cryptocurrency market, with financial technology company Circle saying that Signature bank would hold billions in deposits related to USD Coin, the report added.Signature Bank’s stock price jumped 12 percent when the quarterly earnings were reported and has nearly tripled in the past 12 months.[Crain’s New York] — Cordilia JamesContact Cordilia James Signature Bank CEO Joseph DePaolo (Getty, Google Maps, iStock)Signature Bank saw record earnings and deposit growth last quarter, but also some red flags.Loan modifications related to Covid-19 rose to 7.1 percent of its loan book, up from 6.6 percent in the fourth quarter, Crain’s New York reported.It’s a sign that the property lender’s borrowers are struggling as the pandemic continues. Signature held $3 billion of troublesome loans rated “special mention” or “substandard,” compared to $1 billion as of Sept. 30, the publication said.Commercial property and apartment loans make up more than half of the company’s $50 billion portfolio, according to Crain’s. Signature Bank defines modified loans as those where interest but not principal is paid, and they aren’t classified as deferred.ADVERTISEMENTRead moreSignature achievement: Bank’s loan deferrals down to 9% Signature Bank: Collections down 50 percent in rent-stabilized apartments Signature Bank “pleasantly surprised” by multifamily rent collections Email Address* Tags Message* Real Estate LoansResidential Real Estate Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlinklast_img read more