The market capitalisation of the listed equities on the Nigerian Stock Exchange rose by 12.71 per cent or N1.582tn in the second quarter of 2014, erasing losses made in the first quarter. The market capitalisation, which stood at N12.44tn on March 31, climbed to N14.028tn at the end of the […]
Author: InvestAdvocate
Lafarge Shareholders Endorse $1.35 Billion Merger with South African Unit
By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-Shareholders of cement maker, Lafarge Cement Wapco Nigeria Plc has endorsed the $1.35 billion merger with Lafarge’s wholly-owned South African subsidiary, Lafarge SA. Olusegun Osunkeye, chairman of Lafarge Wapco on Wednesday informed shareholders of the company at its annual general meeting (AGM) that the Nigerian unit […]
CBN Increase Capital Base for Finance Houses to N100 Million
By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday said it has increased the minimum capital requirement for finance houses in Nigeria to N100 million from N20 million. This is contained the revised guidelines for finance companies in Nigeria April 2014 by the CBN and posted on […]