By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission SEC on  August 6, 2015 granted an approval-in-principle to the proposed merger of the power business subsidiaries of Transnational Corporation of Nigeria Plc, the Transcrop Ughelli Power Limited (a Wholly-owned SPV) and Ughelli Power Plc (owner and operator of Ughelli […]

Tue August 4, 2015/Reuters Dangote, Nigeria’s largest cement maker, plans to double investment in Zambia to around $900 million by building a second cement plant, the company’s vice-president said on Tuesday. Dangote has already built one cement plant at a cost of $450 million in Masaiti, some 500 km (300 […]

By Peter OBIORA InvestAdvocate New York (INVESTADVOCATE)-Newly merged world cement, aggregates and concrete firm, LafargeHolcim  said on Tuesday it has decided to initiate a squeeze-out process for all issued and outstanding shares of Lafarge S.A. “After surpassing the necessary 95 percent threshold in share capital and voting rights and following […]