Business News

Tony Elumelu Meets President Obama to Develop African Entrepreneurship

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Tony Elumelu, renowned African Entrepreneur and philanthropist on Monday meet President Barack Obama to propose a new entrepreneur-led development model for Africa in Washington DC. Elumelu, Chairman of Africa’s global bank, United Bank for Africa Plc (UBA), and Founder, the Tony Elumelu Foundation, at a White House event hosted by United States […]

Verizon to buy AOL for $4.4B; AOL shares soar

May 12, 2015/CNBC Telecom giant Verizon announced Tuesday it will be buying AOL for $50 per share, or about $4.4 billion. (Tweet This) AOL’s stock was up more than 17 percent after the announcement. Verizon’s stock was down slightly. AOL co-founder Steve Case tweeted his approval. The transaction will be […]

Merger: Holcim Offers 9 New Shares for 10 Lafarge’s

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Holcim Ltd, one of the world’s leading suppliers of cement and aggregates said on Wednesday its offering  nine (9) registered bearing current dividend rights, for every ten (10) Lafarge Shares, bearing current dividend rights, according to the cement maker on the filing of a […]