McNichols Consolidated Plc has reported an insider purchase of 109,500 shares at N0.51 per share which amounted to N55,845 by the Managing Director, Chimaraoke Ekpe Nwokoma.
In a filing with the Nigerian Stock Exchange, the purchase by Chimaraoke Ijeoma was carried out on November 26, 2020, and December 1, 2020.
The Company produces granulated sugar, cube sugar, icing sugar, baking sugar, chocolate powder, custard powders and corn flakes.
Details of the transaction
Chimaraoke Ekpe Nwokoma has broad experience in management consultancy, including extensive hands-on in leading businesses. He has assisted several companies in Nigeria to improve their performance under a management consultancy arrangement. He holds a B.Sc. degree in Business Management from Abia State University and an MBA from Lagos Business School.
Chimaraoke has facilitated several local and international courses in business management. He is a resource person to various organisations including the Lagos Business School where he facilitates entrepreneurship classes. Chimaraoke left Arthur Andersen/KPMG Professional Services at Senior Management level to set up McNichols.