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Shareholders’ Approve Lafarge’s Proposal On N90bn Rights Issue

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

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...

FAAC To Probe N90bn Revenue Underpayment By FIRS

FAAC To Probe N90bn Revenue Underpayment By FIRS   The Federation Account Allocation Committee has expressed its readiness to probe the N90bn allegedly underpaid into the Federation Account by the Federal Inland Revenue Service. The Chairman, Commissioners’ Forum of FAAC, Mahmood Yunusa, said this in a chat...

We’ve Raised N90bn Towards 2018 Budget – DMO

We've Raised N90bn Towards 2018 Budget - DMO     The Debt Management Office on Thursday said it had raised N90bn towards the implementation of the 2018 budget. A statement issued by the office in Abuja said it conducted the fourth monthly FGN Bond auctions for the year...