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 ...
Lafarge Africa
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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...
Lafarge Africa to rebrand as HBM Nigeria
HBM, short for Huaxin Building Materials, follows the sale of Holcim's 83 per cent stake in Lafarge Africa to Huaxin Cement in December 2024. The name change will require amendm...
Nigerian cement profits surge as export ambitions grow
Nigeria’s three largest cement producers — Dangote Cement , BUA Cement and Huaxin Cement-owned Lafarge Africa — have all reported strong financial results for 2025, reinforcing ...
Lafarge Africa surpasses NGN1trn revenue
Lafarge Africa Plc , a subsidiary of Chinese company Huaxin Cement , has reported net sales of NGN1.07trn (US$0.71bn) in 2025, up 53 per cent YoY, marking the first time the com...
Lafarge Africa reaffirms two expansion projects
Lafarge Africa Plc has reaffirmed its commitment to expanding cement production in Nigeria through new capacity projects at its Sagamu plant in Ogun State and Ashaka plant in Go...
Lafarge Africa reports profit rise for 3Q25
Lafarge Africa Plc has reported a 144 per cent YoY increase in profit after tax to NGN75bn (US$52.25m) for the third quarter of 2025. Net sales rose to NGN264bn, a 43 per cent i...
Nigeria's MSM Group to build 12Mta plant in Kebbi
MSM Group, led by chairman Muazzam Mairawani, has announced plans to construct a state-of-the-art cement plant in Kebbi State costing about NGN900bn (US$600m) per phase, marking...
Lafarge Africa unveils low-carbon ready-mix concrete
The new concrete is designed for use across a wide range of construction projects – from residential projects to transport infrastructure. Speaking at the launch in Abuja, the G...
Huaxin’s acquisition takes the competition to Dangote’s door
Last week Huaxin announced that it had completed the acquisition of Holcim’s 83.81 per cent stake Lafarge Africa , seemingly concluding a US$773m deal for Nigeria’s third-larges...