Capital Market

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 […]

Unity Bank Extends N19.2 Billion Rights Issue, to July 09

By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-Nigeria’s mid tier lender, Unity Bank Plc on Monday said  it has extended its Rights Issue offer to Wednesday July 09, 2014. The bank in a notice to the Nigerian Stock exchange (NSE) said the Securities and Exchange Commission (SEC) has approved the extension of the […]

Nigerian Equity Market All-Share Index Gain 2% to Close Week

By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-All share index (ASI) and market capitalisation at the Nigerian equity market on Friday gained 2.00 percent (2%) to close the week at 43,031.81 and N14.209 trillion respectively. Analysts at Cordros Capital said sustaining the bullish trading witnessed last week, the market closed in positive territory […]