By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Lafarge Africa Plc on Friday issued a ‘profit warning’ saying its half-year 2016 period is expected to be affected by the impact of the naira devaluation compared to the United States dollar resulting in an unrealised exchange loss. According to the board of directors of […]
Investors Bite
Investors dump stocks as risk aversion grows; yen up
July 8, 2016/Reuters By Saikat Chatterjee Asian stocks deepened losses and the Japanese yen strengthened against the greenback on Friday as investors dumped riskier assets and fled to safe havens after four police officers were killed and others wounded in the United States. Snipers opened fire on police during rallies […]
Oando Says $210 Million Recapitalisation, Partial Divestment of Equity Stake in Downstream Operations Concluded
July 4, 2016/NSE Nigeria’s leading indigenous energy group, Oando Plc said on Monday it has concluded a $210 million recapitalisation of its downstream operations by HV Investments II B.V., (“HVI”), a joint venture owned by Helios Investment Partners (“Helios”), a premier Africa-focused private investment firm and the Vitol Group (“Vitol”), […]
