More calls have gone to the relevant authorities to put efforts in place to ensure increased listing of multinationals in the capital market. Specifically, analysts have said that the National Assembly should enact legislation that would compel multinationals to list their shares on the Nigerian Stock Exchange. The move, according […]

Nigeria‘s biggest listed company, Dangote Cement, opened a $1 billion cement plant on Thursday, raising its production capacity in Africa ‘s most populous nation by more than 40 percent.   The new plant is situated in Ibese, Ogun State in southeast Nigeria , just outside the commercial hub Lagos . It […]

Nigeria’s United Bank for Africa (UBA) has suspended plans to sell shares to raise additional capital due to weak local market conditions, chief executive Phillip Oduoza said on Thursday.  “The Board and management has suspended our equity capital raising at this point in time pending when capital markets improve,” he […]