New entrants to help meet Nigeria's increasing cement demand
This week Nigeria has caught attention with announcements of new cement capacity. Not only has Dangote Cement cut the tape on its US$1bn cement plant near Okpella in Edo State, ...
Lafarge Africa
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Lafarge Africa Plc opts for 52 LNG trucks
At Lafarge Africa Plc (Holcim group) has reaffirmed its commitment towards affordable and clean energy, through the launch of a new set of 52 LNG-fuelled trucks. The implementat...
Lafarge Africa reports 99% growth in FY20
Lafarge Africa Plc has declared a 98.8 per cent YoY growth in profit to NGN30.8bn (US$788.7m) for the FY20, compared to NGN15.5bn reported in FY19. The growth is linked to the c...
Lafarge Africa to install baghouse at Ewekoro
Nigeria’s Lafarge Africa has committed US$8m to change its current electrostatic precipitator to a baghouse at its Ewekoro plant. As a result, the company is planning to shut do...
Lafarge Africa to sell 35% stake in Ghana operations
Following an emergency meeting of its Board of Directors, LafargeHolcim-owned Lafarge Africa Plc reached an agreement to offload its 35 per cent holding in Ghana-based Continent...
Lafarge Africa sees revenue increase 10%
Lafarge Africa has reported a 10.3 per cent YoY increase in revenue to NGN179.88bn (US$464.57m) for the 9M20, against NGN163.1m in the year-ago period. Its profit after tax from...
Lafarge Africa looks to scale-up Nigeria's road infrastructure
LafargeHolcim Africa hosted a webinar on approaches to rapidly upscaling Nigeria's Economic Infrastructure, yesterday. Nigeria’s Honourable Minister of Works & Housing Guest of ...
Nigeria in focus
Nigeria, Africa's biggest cement market, is still pushing the bar in terms of profits for cement companies at a time when other countries are struggling to overcome the financia...
Lafarge Africa sees net profit rise 157% in 1Q20
Lafarge Africa has reported a 9.8 per cent increase in net sales to NGN63.97bn (US$178.93m) in its unaudited results for the first quarter of 2020, compared to NGN58.02bn in the...
Lafarge Africa narrows loss to NGN8.8bn in 2018
Lafarge Africa reported a NGN8.8bn (US$24.4m) loss in 2018, compared with NGN34.39bn in the previous year. The company’s audited results have been released, showing revenue of N...