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Lafarge Africa Plc
Lafarge Africa Plc, a subsidiary of LafargeHolcim, a regional dealer in building materials, on Monday announced over 173 per cent profit in its nine months of operations.
Investors in the equities market of the Nigerian Stock Exchange saw the value of their investments decline by N265bn on Thursday.
Lafarge Africa Plc has announced N8.43 billion in operating profit for the first quarter ended March 31, 2019, up 35 per cent from N6.26 billion in Q1, 2018.
The Federal Government has flagged-off its roads for tax-refund initiative with Dangote Construction handling a 16-kilometre Ofeme Community road network in Ohuhu in Umuahia North local Government, Abia State.
Trading at stock market was bearish yesterday as losses by 20 equities dragged the Nigerian Stock Exchange (NSE) All-Share Index by 0.21 per cent to close lower at 30, 609.06. Similarly, market capitalisation shed N26.5 billion to be at N11.18 trillion.
The equities market rebounded yesterday after opening the week on the bearish note on Monday due to bargain hunting in banking stocks.
Investors traded 450.139 million shares worth N9.397 billion in 2,858 deals compared with 149.653 million shares valued at N2.793 billion exchanged in 3,063 deals the previous day.
The board of Lafarge Africa Plc has approved the extension ofexisting shareholder loan of $315 million and a new Right Issue of up to N90 billion as part of efforts to reduce the company’s leverage and strengthen its profitability.
The Nigeria’s equities market fell further Wednesday as the bears tightened their hold after regaining control Tuesday. Consequently, the Nigerian Stock Exchange (NSE) All-Share Index depreciated by 0.45 per cent to close at 37,253.25, driving down the year-to-date decline to 2.59 per cent.
For increasing value on investment through dividend payout, shareholders of Lafarge Africa Plc, has commended the board for its 2017 performance, as they approve a total N13.01billion dividend.
Lafarge Africa Plc, on Tuesday said the company would leverage on its new Premium Board status to strengthen integrity in all areas of operation.
The Ogun State government has appealed to investors to invest in the abundant solid minerals available in the state.
Fashola added that the successful implementation of the debt payment solution would release money to states for more road construction and restore confidence in the construction industry, which would do more to stimulate production demand and economic growth.
Ashley Young has completed his move from Manchester United to Inter Milan on a six-month deal, with an option to extend for a further year.
The Interior Ministry of Ukraine tells VOA that a special task force involving U.S. and Ukrainian officials will be launched Monday to look into reports that the former U.S. ambassador to Ukraine had been subjected to surveillance and threats in Ukraine.
The Los Angeles Galaxy have signed Mexico striker Javier “Chicharito” Hernandez from Sevilla and will make him the highest-paid player in Major League Soccer, Sports Illustrated reported Friday. =
The wedding of Muhammad Garba Shehu and Zuwaira Umar Faruk, on Friday reconciled First Lady, Mrs. Aisha Buhari and Senior Special Assistant on Media and Publicity, Garba Shehu.
President Muhammadu Buhari has directed Abubakar Malami, attorney-general of the federation, to handle the case of Ibrahim Ibrahim, a Nigerian cleric on death row in Saudi Arabia.
Former Vice President and candidate of the Peoples Democratic Party for the 2019 election, Alhaji Atiku Abubakar, has said he was ripped off by a Nigerian consultant, John Chiamehen, who he hired for the planning, design, build-out and rollout of TV Gotel Africa to be based in Abuja.
The Federal Government has declared the security outfit by South-West states known as Operation Amotekun as illegal.
German Chancellor Angela Merkel met Russian President Vladimir Putin at the Kremlin on Saturday for talks set to focus on flashpoints in the Middle East.
Ukraine’s prime minister offered his resignation on Friday after audio was leaked of him reportedly criticising President Volodomyr Zelensky’s understanding of the economy.
Barrister Nyesom Wike, governor of Rivers, says he will not impose a candidate on the people of the state at the end of his second term.