Capital Market

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 […]

SEC Says 437 Market Operators Meet Recapitalisation Deadline

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) on Sunday said 437 capital market operators (CMOs) has met the recapitalisation deadline as it advised investors to verify compliance status of their preferred CMOs by checking the list posted on the Commission’s website. The advice came from the […]

Editorial: As CBN mismanages the economy into a recession

By Emmanuel Asiwe/October 1, 2015 huhuonline.com It is scandalous and unacceptable that even after JPMorgan expelled Nigeria’s sovereign debt from its Emerging Market Bond Index (EMBI) early this month, neither the government nor the Central Bank of Nigeria (CBN) seem to have any clue on halting the slide into economic […]