In a bid to celebrate high performers and support the business growth of its trade partners, one of the leading cement manufacturers, Lafarge Africa, has rewarded its trade partners for excellent performance in the year 2018. The customer appreciation awards which held in three cities namely Gombe, Ibadan, and Enugu, celebrated customers who distributed Lafarge […]
Read More Lafarge Africa Plc has revealed plans to raise ₦89.2 billion by way of a rights issue of 7.4 billion shares. The firm, in a statement on Tuesday signed by its Company Secretary, Adewunmi Alode, said the Securities and Exchange Commission had cleared it to open its announced N89.2 billion rights issue. Alode said the N89.2 […]
Read More Lafarge Africa Plc, the continent’s second-biggest cement producer, plans to raise as much as ₦90 billion ($249 million) through a share sale in Nigeria that will be used to lower its debt levels. The company’s Chief Financial Officer, Bruno Bayet, was quoted by Bloomberg as saying that the sale would take place by the fourth […]
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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 maker expects its leverage ratio, which measures the level of debt incurred by a business against its assets, to […]
Read More 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 the […]
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Building construction experts from Lafarge Africa Plc, the Standards Organisation of Nigeria (SON) and others in the housing industry have said the engagement of non-professionals and artisans in the construction of buildings is responsible for building collapse. They spoke in Abuja at a stakeholders’ forum organised by SON for the Northcentral Zone. The Technical Services […]
Read More Lafarge Africa Plc at the weekend closed application list for its ₦131.65 billion rights issue, rounding off the subscription to its major capital raising aimed at deleveraging its balance sheet and rebuilding a more supportive capital base. Lafarge Africa had on November 24, 2017 launched an offer to raise ₦131.65 billion through a rights issue […]
Read More French cement group Lafarge paid close to 13 million euros ($15.2 million) to armed groups including Islamic State militants to keep operating in Syria from 2011-2015, human rights lawyers said on Tuesday. They were speaking at a news conference on the course of French prosecutors’ preliminary inquiry into Lafarge’s operations launched in June on suspicion […]
Read More Lafarge Africa Plc has said it will be investing over ₦132 million to train hundreds of truck drivers in the country in furtherance of its commitment to safety in its operations. According to the company, the first batch of 200 drivers will be part of a three-year strategic training plan for 600 drivers. The Director […]
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Lafage Africa Plc has returned to profitability and has concluded plans to issue ₦25 billion in Commercial Papers from a 60 billion programme in October and list on the Financial Market Derivative Quote, FMDQ OTC Exchange platform. The company made this known when it released its financial results for the third quarter ended September 2017. […]
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One of the big four consultancy firm, Ernst & Young of Nigeria, has said that the bid process for the external auditor assignment of Lafarge Africa Plc was competitive. EY, in an email post said, “The selection of external auditor by Lafarge Africa was through a competitive selection process where EY, the existing auditor, was […]
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Seventy-five Nigerians including students and professionals are going to be part of the finalists joining hundreds of their colleagues from the Middle East and Africa for the LafargeHolcim regional awards for Sustainable Construction in Nairobi, Kenya this week. Organized by the LafargeHolcim Foundation for Sustainable Construction, it is the most significant global competition in sustainable […]
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