December2, 2024/CSL Research Lafarge Africa Plc has notified the Nigerian Exchange (NGX) that its majority shareholder, Holcim Group, has entered into an agreement to sell its entire 83.81% stake in the company to Huaxin Cement, a leading Chinese cement manufacturer. The transaction, valued at approximately US$1 billion, marks Holcim’s exit […]
Investors Bite
AFC Receives Top Honours as Financial Adviser of the Year at the 2024 IJInvestor Awards
Every year, the IJInvestor Awards celebrates the best fundraising, deployment, and mergers and acquisitions activities within the energy and infrastructure sectors November 29, 2024/AFC Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has received top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards. Held […]
Nigerian Bourse Closes Week Lower -0.3% on Negative MPC Rate Hike
The domestic bourse closed the week lower as the market reacted negatively to the MPC’s interest rate hike. Consequently, the All-Share Index (ASI) declined by 0.3% w/w to 97,507.87 points. November 29, 2024/Cordros Report Global According to the Bureau of Labor Statistics (BLS), the United States Personal Consumption Expenditures (PCE) […]
