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Nigeria: Senate Clears Lafarge Sale to Chinese Investor, Says Nigerians' Stakes Safe

10 Jul 2026, 08:18 GMT

[This Day] Senate on Thursday endorsed the proposed acquisition of Lafarge Africa Plc by Chinese firm, Hainan Huaxin Pan-African Investment Company Plc, declaring that the transaction poses no immediate national security threat and will not affect the 16.19 per cent equity held by Nigerian investors.