Capital Market

BOC Gases Names Ben Mankiti Mabelane Director

By InvestAdvocate Lagos (INVESTADVOCATE) -BOC Gases Nigeria Plc has appointed Ben Mankiti Mabelane as a director, the gas servicing company said in an issuer’s announcement with the Nigerian Stock Exchange (NSE). The company says the appointment is sequel to the resolutions passed at the meeting of the board of directors […]

Nigeria to ease foreign currency restrictions in the long term -VP

October 4, 2015/Reuters Nigeria will keep its restrictions on foreign currency for now to preserve the country’s currency reserves amid plunging oil revenues, but will eventually relax them, the country’s vice president said. Africa’s largest oil producer has restricted imports since June to offset a fall in vital oil revenues […]

Lafarge Africa Says Affiliate NCH Now Owns 100% Stake of UNICEM

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Cement manufacturers, Lafarge Africa Plc has announced  Nigerian Cement Holdings B.V. (NCH), its 50 percent affiliate has completed the acquisition of the first 15 percent tranche stake in UNICEM, bringing NCH’s stake in UNICEM to 85 percent, according to the cement producer in an issuer’s […]