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Lafarge Africa Plc
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.
The Governor of Ekiti State, Dr. Kayode Fayemi, has said the state government has invested a staggering sum of N4.5 billion to shore up school enrolment in the last 11 months he returned as the state chief executive.
The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has warned youths against engaging in social media and Internet marriages.
An Upper Area Court, Mpape, on Monday, ordered that a 34-year-old butcher, Abu Mohammed, who allegedly raped a 25-year-old woman, be remanded in a correctional facility in Keffi, Nasarawa State.
The royal family of Ogwashi-Uku Kingdom in Aniocha South Local Government Area of Delta State has insisted that the installation of the new Obi (King), Ifechukwude Chukwuka Okonjo was not done in error.
A member of Imo State House of Assembly, Mr Frank Ugboma, has described his recent victory at the Election Petitions Tribunal in Owerri, as renewed hope for his party and the common man in the state.
American comedian, Kevin Hart, has been discharged from the hospital, 10 days after he was involved in a car crash.
A former Minister of Health, Prof ABC Nwosu, has said he will quit politics if the Peoples Democratic Party fails to win the governorship seat of Anambra State in 2021.
Alex Iwobi feels like he has found a "new home" at Everton following his Deadline Day move and discuses how he has adapted to Merseyside.
The National Youth Service Corps Coordinator in Kano State, Ladan Baba, says no fewer than eight foreign-trained graduates were refused registration due to incomplete and inconsistent documents.
Mourinho is yet to find employment despite departing Old Trafford in December, although the Portuguese had revealed he plans to wait until he is approached with the perfect role.