Business News

LafargeHolcim Receives Revised Divestment Order from Indian Regulator

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – World’s building materials and cement producers, LafargeHolcim on Monday announced that it has received a revised order of the Competition Commission of India (CCI) for the divestment of its interest in Lafarge India, including three (3) cement plants and two (2) grinding stations […]

LafargeHolcim Says Wolfgang Reitzle to Exit, Nominates Beat Hess New Board Chairman

By InvestAdvocate Lagos (INVESTADVOCATE)- World’s building materials and cement producers, LafargeHolcim on Monday announced that Wolfgang Reitzle will exit as chairman of the board and has nominated Beat Hess new chairman. “He has informed the board that he will not stand for re-election at the company’s May 2016 Annual General […]

Banks Loan to Oil & Gas Sector Hits $5.7 Billion- CEO Seplat

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – Banks loan to the oil and gas sector of the Nigerian economy is estimated to have reached $5.7 billion within the past five (5) years, Austin Avuru, chief executive officer (CEO) of the first dual listed Nigerian oil and gas upstream firm, Austin […]