BUA Group consolidates cement subsidiaries
BUA Group, has announced the consolidation of its subsidiaries Cement Company of Northern Nigeria Plc (CCNN) and Obu Cement Company Plc. The move is part of its bid to deepen th...
Cement Company Of Northern Nigeria
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CCNN records 166% rise in revenue for 1H19
The Cement Company of Northern Nigeria has reported a 166 per cent YoY increase in sales revenue for the first six months of 2019, rising to NGN32.1bn (US$88.8m) from NGN12.11bn...
CCNN reports record net profit of NGN5.7bn in FY18
Cement Company of Northern Nigeria (CCNN) has released its FY18 results, reporting a net profit of NGN5.7bn (US$15.75m) , 77 per cent higher than in 2017. The earnings report is...
CCNN appoints new managing director
Cement Company of Northern Nigeria has named Yusuf Binji as its new managing director, with effect from 1 September 2018. He succeeds Ibrahim Aminu who joins the larger BUA grou...
CCNN appoints new independent directors
The Cement Co of Northern Nigeria (CCNN) has announced the appointment of Senator Khairat Abdulrazaq-Gwadabe and Shehu Abubakar as independent directors of the company. Effectiv...
CCNN record 39% increase in revenue for 2017
Cement Company of Northern Nigeria (CCNN) Plc has announced a 39 per cent YoY increase in revenue for the full-year 2017 period, to NGN19.59bn (US$54.41) from NGN14.09bn. Despit...
Nigeria: fuel shortages hit cement output
Shortages of oil and natural gas have caused cement producers in Nigeria to cut output, with some plants having to close temporarily, reports the Vanguard newspaper.
Nigeria: BUA Group to use local coal deposits at Sokoto
Cement Company of Northern Nigeria (CCNN), owned by the BUA Group, will use coal from local mines in Sokoto to generate power for its new 1.5Mta cement plant located in the nort...
Nigeria: cement prices in Lagos rise by over a third
The price of bagged cement in Lagos has risen sharply overnight, according to reports in The Nation. A 50kg bag now retails for between NGN2200 and NGN2300 (US$7-7.30), a rise o...
Nigeria: CCNN full-year profit rises 23.1%
The Cement Company of Northern Nigeria (CCNN), part of BUA Group, has declared a post-tax profit of US$9.64m for the 2014 financial year, increasing by 23.1 per cent YoY.