AfDB Advocates Bridging Of Africa’s Capital, Bankable Projects   The Africa Development Bank (AfDB) says there is the need to bridge the gap between Africa’s available capital and bankable projects since it requires between 600 and billion dollars annually for development. AfDB’s “African Economic Outlook 2018’’, financing...

LASACO Issues 40bn Fresh Capital, Seeks Shareholders Approval The Board of Directors of LASACO Assurance Plc is seeking the approval of shareholders to raise additional capital by issuing of 40 billion ordinary shares of 50 kobo each by way of public offering, private placement or...

To Boost Profitability, Lafarge Africa Injects N90bn Fresh Capital   The board of Lafarge Africa Plc has approved the extension of existing 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...

Nigeria Air Needs $300m Initial Capital — FG   The new national airline, Nigeria Air, will require initial capital of between $150m and $300m, and the Federal Government is seeking a strategic partner to operate the carrier, according to a document seen by Reuters on Thursday. The...

NERC Scrutinises Discos’ Capital Spends Before Tariff Review   The Nigerian Electricity Regulatory Commission (NERC) would be taking a deeper look at how the 11 electricity distribution companies (Discos) have utilised the capital expenditure allowed for them in their respective existing tariffs before agreeing to sign...

Capital: Dangote Cement To Raise N150bn Via Commercial Paper Dangote Cement Plc (DCP) is to raise N150 billion fresh capital through the issuance of a Commercial Paper (CP). In a notification to the Nigerian Stock Exchange (NSE) yesterday, the biggest cement manufacturing firm in Africa,...