Lafarge Africa to raise N90bn fund for EGM

Posted by - August 30, 2018

In a bid to raise N90billion in fresh capital by way of rights to existing shareholders, the board of Lafarge Africa Plc. has informed Nigerian Stock Exchange (NSE), plans for an Extra-Ordinary General Meeting (EGM), on September 25, 2018, in Lagos. The company will also seek approval “to apply any convertible loan, shareholder loan or

Fidelity Bank Supports Lagos Security Trust Fund

Posted by - July 19, 2018

Fidelity Bank Plc has donated N50 million to the Lagos State Security Trust Fund (LSSTF), as part of its contributions to improving security of lives and property in the state. The cheque was presented by the bank’s Executive Director, Lagos and South-West, Mrs Nneka Onyeali-Ikpe to the Executive Secretary, LSSTF, Dr. Abdulrassaq Balogun, at a

Data Scandal: Indian Billionaire Promises to Fund Facebook Rival

Posted by - March 29, 2018

An Indian billionaire who promised to help fund a rival to Facebook said recently he had been “overwhelmed” with the response as the world grapples with concerns about data privacy. Anand Mahindra, whose Mahindra Group business empire spans everything from cars to real estate, sparked a flurry of brainstorming as Facebook reels from a scandal