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Lafarge Africa to create 10b new shares

Lafarge Africa to create 10b new shares

Lafarge Africa Plc plans to create additional 10 billion ordinary shares of 50 kobo each to increase its authorised share capital to 20 billion ordinary shares. The cement company will thereafter float a rights issue to raise N90 billion. In a regulatory filing yesterday, Lafarge Africa stated that shareholders of the cement company have beenRead More
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Lafarge approves N13.01bn dividend

Lafarge approves N13.01bn dividend

Lafarge Africa Plc on Wednesday approved the payment of N13.01bn dividend, at N1.50 per share, to its shareholders, against the N5.75bn or N1.05 per share paid in the corresponding period of 2016. The company also assured its shareholders of enhanced growth in its operations and better dividend in the next 12 months through turnaround initiatives. […] …

Lafarge Africa trains construction workers

Lafarge Africa trains construction workers

Lafarge Africa Plc, has completed a two-day two Safety Awareness training programmes for over 70 employees of Brains & Hammers Limited and TEC Engineering Company (Nigeria) Limited, both in Kano. The health and safety training programmes are part of a broader commitment Lafarge Africa makes with its partners and customers to enable them improve theRead More
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Lafarge Africa optimistic on profitability

Lafarge Africa optimistic on profitability

•Restructures South Africa’s operations Lafarge Africa Plc is optimistic that the ongoing implementation of a turnaround plan at its South African business and continuing strong performance of the Nigerian business will quicken the return of the group to profitability. Lafarge had in 2015 consolidated its businesses, majorly in Nigeria and South Africa, to form LafargeRead More
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LafargeHolcim increases stake in Lafarge Africa

LafargeHolcim increases stake in Lafarge Africa

LafargeHolcim-the world leader in building materials and majority foreign core investor in Lafarge Africa Plc, has increased its equity in the Nigerian subsidiary to 76.32 per cent to control the much-needed three-quarters percentage shareholdings necessary for major corporate changes. A latest review of the shareholding structure of Lafarge Africa indicated that LafargeHolcim took advantage ofRead More
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Lafarge Africa to pay N13.01b dividend

Lafarge Africa to pay N13.01b dividend

The board of directors of Lafarge Africa Plc has recommended distribution of N13.01 billion to shareholders as cash dividend for the 2017 business year. The dividend represents 43 per cent increase on the dividend payout for the 2016 business year. For the second consecutive trading session, Lafarge Africa’s share price rose by 35 kobo toRead More
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