Capital Market

Lafarge Africa Unit Increase Stake to 85% in UNICEM

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Lafarge Africa Plc, formerly Lafarge Cement WAPCO Nigeria Plc said on Wednesday its unit, Nigerian Cement Holdings B.V.  (NCH) has increased its stake in United Cement Company of Nigeria (UNICEM) to 85 percent by acquiring another 15 percent stake. Nigerian Cement Holding’s 50 percent […]

NSE Defers Commencement Date for Request for Suspension at the Instance of the Issuer

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) in a notice dated Monday March 02, 2015 said it has deferred the effective date for the commencement of  Amendments to the Listings Rules of The Exchange”, titled “Request for Suspension at the Instance of the Issuer”, The NSE said its giving […]

Nigerian Stocks Rally Third Consecutive Day, Index up 1.10%

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Tuesday rallied for the third consecutive day as the Nigerian Stock Exchange all-share index (NSE ASI) climbed up 1.10 percent to close at 30,601.13 points, while market capitalisation increased by N111.43 billion to close at N10.21 trillion. With this gain, current market […]