Power costs drive Nigerian cement producers off-grid
Nigeria’s cement producers are increasingly relying on captive generation as unreliable grid supplies raise industrial energy costs, according to a report by Nigerian news platf...
Hbm Nigeria
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HBM Nigeria profit rises 57% in 1H26
HBM Nigeria Plc , formerly Lafarge Africa Plc, reported profit after tax of NGN208bn (US$145m) in the first half of 2026, up 57 per cent from NGN132.68bn in the year-ago period....
Nigerian cement prices continue to rise despite Huaxin takeover
Retail cement prices in Nigeria continued to increase in July 2026, with 50kg bags now selling for between NGN12,000 (US$7.80) and NGN15,000 (US$9.75), depending on the producer...
HBM Nigeria reassures market following Huaxin takeover
HBM Nigeria Plc has sought to reassure customers, investors and other stakeholders following its rebranding from Lafarge Africa after Huaxin Building Materials' acquisition of H...
Nigerian Senate backs Huaxin's acquisition of Lafarge Africa
Nigeria's Senate has approved the proposed US$1bn acquisition of Lafarge Africa by China's Huaxin Cement following a review by an ad hoc committee. The committee found no legal ...
HBM Nigeria targets massive 5.5Mt expansion
Newly rebranded HBM Nigeria Plc , formerly Lafarge Africa Plc, has announced an aggressive expansion strategy to add 5.5Mt of cement to Nigeria’s industrial capacity within the ...
Lafarge Africa officially renamed HBM Nigeria
Lafarge Africa Plc has officially changed its name to HBM Nigeria Plc , reflecting changes in its shareholder structure and marking a new phase in the company's development. The...