Holcim Exits Nigerian Market After 65 Years, Sells Lafarge Africa to Huaxin Cement for $1bn
Cement maker Holcim has announced the $1 billion sale of its 83.8% stake in Lafarge Africa to China’s Huaxin Cement.
Cement maker Holcim has announced the $1 billion sale of its 83.8% stake in Lafarge Africa to China’s Huaxin Cement.
Baba Yusuf has emphasised the importance of structured implementation and stakeholder engagement in Tinubu’s proposed tax reforms.
Amid rising MPR, banks borrowed N9.97 trillion from the CBN in November, a sharp decline from October’s N18.09 trillion
Angola’s President Lourenço has invited Dangote to invest in refining, agriculture, and oil blocks as Lobito Refinery tender progresses.
TotalEnergies has announced plans to greenlight a $750 million gas project in Nigeria next year, boosting hydrocarbon production investments.
Tony Elumelu has signed a business cooperation agreement with French Finance Minister Antoine Armand, expanding UBA’s banking operations into France.
Foreign portfolio inflows reportedly rose by 72% in H1 2024, driven by reforms in Nigeria’s FX market, says CBN’s Cardoso.
The Nigerian stock market has gained N18.2 trillion in 11 months, driven by strong corporate earnings and foreign investor participation.
The best time to cut tax rate, to exempt low income earners and minimum wage earners from taxes is today, not tomorrow- Taiwo Oyedele
Industry leaders have demanded reforms, reduced operational costs, and strategic policies to rescue Nigeria’s aviation sector from decline.
NNPC’s EVP, Udobong Ntia, has called for improved governance, transparency, and efficiency in Nigeria’s upstream oil sector.
Zenith Bank Plc launches its Paris branch, strengthening trade and financial ties between Europe and Africa.
House of Reps has mandated the CBN Governor, bank GMDs over PoS user documentation and fraud prevention.
MEMAN has revealed that major marketers sourced 148m litres of petrol from Dangote refinery, averaging 2m litres daily over 10 weeks.
The Trade Union Congress (TUC) has cautioned the federal government against increasing the tax burden on citizens of the country, saying it may result in people evading tax payments. The
CBN has raised MPR to 27.5% amid persistent inflationary pressures, marking the sixth consecutive hike under current leadership.
Oil prices fell over 2% following reports of Israel-Hezbollah ceasefire progress, calming market concerns.
The SEC has confirmed Nigerian banks have raised N1.7 trillion from capital markets, enhancing financial stability and confidence.
NNPC has asserted alignment with NUPRC on crude oil figures, dismissing media reports alleging inconsistencies in production data.
Indian firm has committed $100 million to boost Nigeria’s healthcare sector, focusing on advanced diagnostics and affordable treatment options.
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