The Chief Executive Officer, Eczellon Capital Limited, an investment bank, Mr. Diekola Onaolapo, has said foreign investors are rushing to invest in Nigeria and other emerging markets in Africa because of the high returns they offer. Contrary to the general belief that foreign investors are leaving the country, Onaolapo said […]

Nigeria’s biggest company by market capitalization, Dangote Cement (DANGCEM.LG), expects to double its cement production capacity across Africa this year to 40 million metric tons ( 44.092 million tons), its chief executive said on Monday. Devakumar Edwin told the Reuters Africa Investment Summit in the commercial hub of Lagos that […]

India’s Sun Pharmaceutical Industries Ltd (SUN.NS) said it will buy Ranbaxy Laboratories Ltd (RANB.NS) in a $3.2 billion all-share deal, creating the world’s fifth-largest generic drug maker from two firms struggling with quality issues in the lucrative United States market. Ranbaxy, India’s biggest drugmaker by sales and 63.4 percent owned […]