By Peter OBIORA InvestAdvocate Lagos INVESTADVOCATE)- Newly merged world cement, aggregates and concrete firm, LafargeHolcim said on Friday it has acquired 50 percent stake in Lafarge Tarmac worth £992 million as part of divestment process, the company said in a statement. “As part of the preliminary steps to implement the […]
Capital Market
Stocks Extends Bearish Week to 7th Session, Index Down 2.15%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Thursday extended the bearish week-on-week streak to its seventh session as all share index (ASI) dipped 2.15 percent to 31,047.99 basis points, while market capitalisation lost N208.08 billion to close at N10.63 trillion for the four (4) trading sessions this week. Cordros […]
Naira drops to 242.5 against dollar
The naira dropped further to 242.5 against the United States dollar at the parallel market on Wednesday as artificial scarcity of the greenback continue to batter the black market, three weeks after the Central Bank of Nigeria restricted the sales of foreign exchange to importers. The naira, which hit 240 […]
