Shareholders’ Approve Lafarge's Proposal On N90bn Rights Issue Shareholders of Lafarge Africa Plc on Tuesday approved the proposal by the company to raise N90 billion via a Rights Issue and the restructuring of its outstanding short term $315 million shareholder loans. With its ambition to grow...

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...

Lafarge Africa Seeks To Boost Profit, Cut Debt By 2020   Lafarge Africa Plc, the continent’s second-biggest producer of cement, plans to cut debt in the next two years as it seeks to boost profit before resuming expansion, the company’s Chairman, Mr. Mobolaji Balogun, said. The cement...

Bond Issuance: Lafarge Africa Shareholders Approve N100bn   Shareholders of Lafarge Plc yesterday at the annual general meeting (AGM) in Lagos approved plans by the company to issue a N100 billion bond later in 2018. The proceeds of the bond would be used to refinance the company’s...

UBA , Access, Lafarge Join NSE’s Elite Premium Board     The Nigerian Stock Exchange (NSE) said it will be migrating from Monday 16 April Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc to its Premium Board. In a...

After Tax: Lafarge Africa Reports N35bn Loss In Full Year 2017     Lafarge Africa Plc, a sub-Saharan African building materials company, on Monday announced a loss after tax of N34.601 billion for the year ended December 31, 2017, compared with a profit after tax of N16.898...