By Peter OBIORA InvestAdvocateLagos (INVESTADVOCATE)-Oil marketing firm, Oando Plc on Thursday said it has increased its stake by 1.6 percent to 93.7 percent in its Toronto-listed unit Oando Energy Resources (OER). Oando said to increase its stake in OER, it converted a $218.9 million loan to the subsidiary into equity. […]
Capital Market
NSE equities value rose by N1.582tn in Q2
The market capitalisation of the listed equities on the Nigerian Stock Exchange rose by 12.71 per cent or N1.582tn in the second quarter of 2014, erasing losses made in the first quarter. The market capitalisation, which stood at N12.44tn on March 31, climbed to N14.028tn at the end of the […]
Lafarge Shareholders Endorse $1.35 Billion Merger with South African Unit
By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-Shareholders of cement maker, Lafarge Cement Wapco Nigeria Plc has endorsed the $1.35 billion merger with Lafarge’s wholly-owned South African subsidiary, Lafarge SA. Olusegun Osunkeye, chairman of Lafarge Wapco on Wednesday informed shareholders of the company at its annual general meeting (AGM) that the Nigerian unit […]
