Nigeria‘s biggest listed company, Dangote Cement, opened a $1 billion cement plant on Thursday, raising its production capacity in Africa ‘s most populous nation by more than 40 percent.   The new plant is situated in Ibese, Ogun State in southeast Nigeria , just outside the commercial hub Lagos . It […]

Nigeria’s United Bank for Africa (UBA) has suspended plans to sell shares to raise additional capital due to weak local market conditions, chief executive Phillip Oduoza said on Thursday.  “The Board and management has suspended our equity capital raising at this point in time pending when capital markets improve,” he […]

KPMG Professional Services has advised shareholders, especially members of audit committees of companies, to monitor the activities of companies in their purview closely. According to the company, this is in line with the expected adoption of the International Financial Reporting Standards by quoted companies as from the 2012 accounting year. […]