{"id":197254,"date":"2025-05-02T06:23:05","date_gmt":"2025-05-02T04:23:05","guid":{"rendered":"https:\/\/southafricatoday.net\/africa-news\/west-africa\/nigeria\/nigeria-senate-panel-to-summon-nigerias-third-largest-cement-producer-over-proposed-sale-to-chinese-firm\/"},"modified":"2025-05-02T06:23:05","modified_gmt":"2025-05-02T04:23:05","slug":"nigeria-senate-panel-to-summon-nigerias-third-largest-cement-producer-over-proposed-sale-to-chinese-firm","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/west-africa\/nigeria\/nigeria-senate-panel-to-summon-nigerias-third-largest-cement-producer-over-proposed-sale-to-chinese-firm\/","title":{"rendered":"Nigeria: Senate Panel to Summon Nigeria&#8217;s Third-Largest Cement Producer Over Proposed Sale to Chinese Firm"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"story-body-text\" data-para-word-count=\"31\">Holcim AG, a global building materials company, is reportedly finalising a $1 billion deal to divest its 83.8 per cent stake in Lafarge Africa to Huaxin Cement Co., a Chinese firm.<\/p>\n<p class=\"story-body-text\" data-para-word-count=\"37\">The Senate Committee on Capital Market has said it would invite Lafarge Africa Plc for questioning over its proposed sale to a Chinese firm to ensure shareholder rights, and transparency of foreign dominance in Nigeria&#8217;s cement industry.<\/p>\n<p class=\"story-body-text\" data-para-word-count=\"7\"><strong>The Chairperson of the Committee, Osita Izunaso<\/strong><\/p>\n<p class=\"story-body-text\" data-para-word-count=\"39\">disclosed this during an&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/allafrica.com\/stories\/202505010371.html\" target=\"_blank\" rel=\"noopener\">Read more on AllAfrica.com<\/a><br \/>\n<br \/>South Africa Today Africa \u2013 West Africa <a title=\"Nigeria\" href=\"https:\/\/southafricatoday.net\/africa-news\/category\/west-africa\/nigeria\/\">Nigeria<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Holcim AG, a global building materials company, is reportedly finalising a $1 billion deal to divest its 83.8 per cent stake in Lafarge Africa to Huaxin Cement Co., a Chinese firm. The Senate Committee on Capital Market has said it would invite Lafarge Africa Plc for questioning over its proposed sale to a Chinese firm [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":197255,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[249],"tags":[258,256,8687,435,7559,257,4687,393,5761,8275,23900,8487,6397,8115,254,20068,39153],"class_list":["post-197254","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria","tag-africa","tag-africa-news","tag-cement","tag-chinese","tag-firm","tag-news","tag-nigeria","tag-nigeria-news","tag-nigerias","tag-panel","tag-producer","tag-proposed","tag-sale","tag-senate","tag-south-africa-today","tag-summon","tag-thirdlargest"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/197254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=197254"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/197254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/197255"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=197254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=197254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=197254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}