The world is changing fast and to keep up you need local knowledge with global context.
LAGOS (Reuters) – Nigeria’s Transcorp Hotels, part of the Transcorp conglomerate, plans to start marketing its initial public offering from Sept. 24 to raise 8 billion naira ($48.8 million), marketing documents seen by Reuters show. Transcorp Hotels plans to offer 800 million ordinary shares to new investors at 10 naira per share. The sale will … Read more
JSE chief executive Nicky Newton-King (47) has been a fixture at the JSE for the past 14 years. Her succession to the hot seat was well planned – serving as Russell Loubser’s deputy for seven years before taking the reins when he retired in at the end of 2011. An erstwhile member of the World Economic Forum’s … Read more
LAGOS (Reuters) – Lafarge Africa, a unit of the world’s largest cement firm, said on Friday its half year profit to June rose 29 percent to 17.75 billion naira ($109.61 million), compared with 13.80 billion naira in the same period of last year. Gross earnings rose to 55.35 billion naira, from 49.48 billion naira in … Read more
LAGOS (Reuters) – Total Nigeria, the local unit of France’s Total, said on Wednesday its half year to June pre-tax profit fell 12 percent to 3.42 billion naira ($21.13 million), compared with 3.90 billion naira in the same period last year. Gross earnings in the local fuel marketer however climbed to 120.15 billion naira from 117.29 billion … Read more