Business News

Holcim, Lafarge Enter Binding Agreement with CRH on Divestments

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The top two (2) world Cement producers,  Holcim and Lafarge  said on Tuesday they have finalized agreement with Irish cement  producer CRH Plc to buy some of their assets for 6.5 billion euro ($7.07 billion) as part of the merger deal. The divestment deal […]

Wall Street opens lower as stronger dollar weighs

Tue May 26, 2015/Reuters Wall Street opened lower on Tuesday after the dollar jumped to a one-month high on data showing that U.S. business investment spending plans increased solidly for a second straight month in April. Federal Reserve Chair Janet Yellen said on Friday that the central bank could raise […]

PRESTIGE Names Srinivasan New Chairman, Kale, ED

By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, Prestige Assurance Plc said on Monday it has appointed G. Srinivasan as the new chairman of the board of the company and Chandranat Kale as executive director respectively. The company disclosed this in an issuer’s announcement with the Nigerian Stock Exchange (NSE). Prestige said the new […]