Tuesday, April 8, 2025

Companies

Huaxin offers Lafarge minority investors 20% premium after Holcim exit

The Chinese firm acquiring Swiss company Holcim’s 83.81% stake in Nigeria-based Lafarge Africa Plc has disclosed its offer details to the cement-maker’s minority shareholders. Huaxin...

Transcorp Power board approves ₦75m salary for chair, ₦50m for directors

At its twelfth Annual General Meeting (AGM) held on Wednesday Transcorp Power Plc approved a remuneration package that sets the chairman’s salary at ₦75...

China’s Canmax signs lithium deal with Nigeria’s Kebbi state

A Chinese battery materials company, Canmax Technologies, has entered into an agreement to invest $200 million in lithium mining operations in Nigeria. The deal, formalized...

TotalEnergies expects lower Q1 2025 profit after strong 2024

TotalEnergies Nigeria Plc has projected a profit after tax (PAT) of ₦2.4 billion for the first quarter of 2025, a significant decline from the...

Nigeria’s move to raise telecom tariffs sends MTN to 6-month high

The Nigerian government has confirmed there will soon be an increase in phone, SMS, and data tariffs, sending MTN stocks to their highest levels...

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