Mike Nwanolue News

Central Bank of Nigeria (CBN), Abuja

Nigeria's Too Big to Fail Bank Rules Spur Bond Sale Rush

Nigerian lenders are gearing up to sell the most debt in four years to bolster cash reserves, taking advantage of a drop in borrowing costs before the central bank increases how much capital they need to hold.

Lafarge

Lafarge to Merge Nigerian and South African Units in $1.35B Deal to Rival Dangote Cement

Lafarge SA, the French cement maker, will combine Nigerian and South African assets to form a new company, Lafarge Africa, to compete with Africa market leader Dangote Cement Plc.