December 2, 2024/InvestmentOne Update ASI as at 12.00pm: +0.17% Top Gainers and Losers: HMCALL (+9.54%), ROYALEX (+8.77%), REGALINS (-9.80%) and LASACO (-9.75%). Sector Performances: Industrial (+0.90%), Consumer Goods (+0.25%), Banking (-0.41%) and Oil & Gas (-0.30%). Market activity: In today’s trade, total volume and value increased by 47% and 16% […]
Author: InvestAdvocate
The Fierce Urgency of African Energy Banks
Image Credit: AEC December 2, 2024 By NJ Ayuk, Executive Chairman, African Energy Chamber. For more than a year, the African Energy Chamber (AEC) has been pushing back against steadily building pressure to halt new foreign investments in Africa’s oil and gas industry. To prevent catastrophic climate change, environmental organizations, […]
Flash Note: Huaxin Cement Acquires Majority Stake in Lafarge Africa Plc
December2, 2024/CSL Research Lafarge Africa Plc has notified the Nigerian Exchange (NGX) that its majority shareholder, Holcim Group, has entered into an agreement to sell its entire 83.81% stake in the company to Huaxin Cement, a leading Chinese cement manufacturer. The transaction, valued at approximately US$1 billion, marks Holcim’s exit […]
