As part of its Corporate Social Responsibility (CSR), cement giant, Lafarge Africa, has spent N168 million on projects in the Ewekoro Local Government in Ogun State, where one of its factories is located. Among the projects are health centres, block of classrooms, and electricity transformer sub-station. In addition, the company has given bursary awards of…

Stock market reversed previous day’s gains at the end of yesterday’s transactions, occasioned by price losses suffered by most highly capitalised stocks, as market capitalisation plunged by N39 billion. At the close of the transactions, the All Share Index (ASI) shed 109.21 absolute points, representing a dip of 0.35 per cent to close at 30,814.19…

That Nigeria has one of the highest number of children without access to education with about 13.2 million out-of-school children is no longer news. The statistics are staggering and hard to deny given the number of children hawking or begging on the streets everyday. Last month, an official of the United Nations Children Fund (UNICEF)…

Nigeria has the highest number of children without access to education with about 10.5 million (United Nations International Children’s Emergency Fund) children affected. The statistics are staggering and hard to deny given the number of children hawking or begging on the streets every day. In February this year, the National Bureau of Statistics (NBS) revealed…

Improved corporate performance lifted transactions on the equity sector of the Nigerian Stock Exchange (NSE) yesterday, as the All-share index appreciated by 0.7 per cent. Yesterday, the All-Share Index (ASI) gained 227.28 absolute points, representing a growth of 0.70 per cent to close at 32,664.63 points. Similarly, market capitalisation gained N83 billion to close at…

Following renewed profit taking by investors on the Nigerian Stock Exchange (NSE), equity transactions reopened for the week on a downward note, causing market capitalisation to dip by N16 billion. Specifically, at the close of transactions yesterday, the NSE-ASI was down by 43.98 absolute points, representing a dip of 0.14 per cent to close at…

Central Bank of Nigeria (CBN) huge fines on four deposit money banks over alleged illegal fund repatriation on behalf of MTN Nigeria weighed heavily on the local bourse yesterday, causing the All-share index to slide by 0.77 per cent. The Nigerian Stock Exchange-All Share Index (NSE-ASI) decreased by 272.27 absolute points, representing a 0.77 per…

The board of Lafarge Africa Plc, on Monday, wrote the Nigerian Stock Exchange (NSE), announcing plans for an Extra-Ordinary General Meeting (EGM), on September 25, 2018, in Lagos, to authorise the directors to raise up to N90billion in fresh capital by way of rights to existing shareholders. The company will also seek approval “to apply…

Hopes for a bulls’ run dimmed yesterday, following renewed profit-taking by investors at the Nigerian Stock Exchange (NSE), as the bears took centre stage again on equity transactions, reversing the Tuesday's positive sentiment, as market capitalisation depreciated by N57billion.

Lafarge Africa Plc has announced plans to raise up to N90billion by way of rights to existing shareholders, subject to all corporate and regulatory approvals. According to the company, the restructuring is aimed at leveraging position, improve its industrial operations as well as strengthen its profitability. Besides, reforms implemented by the firm to improve operational…

Continued share price depreciation on the equity sector of the Nigerian Stock Exchange (NSE), yesterday pulled the market capitalisation further down by N110 billion.

New grounds have broken on the real estate market as Lagos authorities have acquired the famous Elephant Cement House, a multi-storey office complex situated at Ikeja Central Business District at a cost of N3.1 billion.