Lafarge Africa rises to 3-week high after it sells South African unit

Pouring cement durung Upgrade to residential street

LAGOS, June 20 – Shares of Lafarge Africa rose 9.95% to a three-week high on Thursday after the cement maker said it had sold its loss-making South African operations.

The stock of the local unit of Franco-Swiss group Lafarge Holcim listed in Lagos, climbed to 10.50 naira, outperforming the weaker Nigerian All Share Index down 0.02%.

Previous articleHeavy rains, poor sunshine dampen Nigeria’s 2018/19 cocoa outlook
Next articleCOLUMN-OPEC’s market share is in long-term decline: Kemp
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.