Capital Market

Nestle Names Syed Saiful Islam Executive Director

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) –Beverage makers, Nestle Nigeria Plc on Tuesday named Syed Saiful Islam executive director (ED) of the company following the resignation of Martin Kruegel, an ED, the company said in a notice to the Nigerian Stock Exchange (NSE). According to Nestle, Kruegel resigned from the […]

Lafarge Africa Concludes $1.35 billion Consolidation

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) -Lafarge Africa Plc, formerly, Lafarge Cement Wapco Nigeria Plc on Tuesday announced the completion of its $1.35 billion consolidation according to the is the 6th largest entity listed on the Nigerian Stock Exchange (NSE). The deal saw Lafarge Africa acquiring Lafarge group’s shareholdings in […]

Alibaba raises IPO price range to $66 to $68 a share

Alibaba raised the range for its initial public offering to $66 to $68 a share on Monday, according to a Securities and Exchange Commission filing. The e-commerce giant had previously said in a filing its IPO price would be in the range of $60 to $66 per share. The company […]