Lafarge Africa posts US$9.5m quarterly loss as price squeeze bites
Nigerian-based Lafarge Africa has seen revenues fall by 29 per cent to NGN52.4bn (US$263m) in the first quarter of 2016, leading the company to record an after-tax loss of NGN1....
Lafarge Africa
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Umar appointed new MD of AshakaCem
AshakaCem, a subsidiary of Lafarge Africa and member of the LafargeHolcim group, has appointed Alhaji Rabiu Abdullahi Umar as its new Managing Director. In a statement released ...
Nigeria: Lafarge Africa sees FY15 growth of 2.5%
Lafarge Africa recently released its FY15 financial results, which showed a 2.5 per cent YoY growth in revenue and a 20 per cent decline in profit after tax, PAT, over the same ...
Lafarge Africa Plc profit slips 6.5%
Lafarge Africa Plc has reported a profit after tax of NGN29bn (US$145.7m) for the nine months ended 31 September 2015, compared with NGN31bn recorded in the corresponding of 2014.
Lafarge Nigeria unit takes control of UNICEM
An affiliate of Lafarge Africa has completed a 100 per cent acquisition of Nigeria's third-largest cement manufacturer, United Cement Company of Nigeria (UNICEM). Lafarge said i...
Nigeria: BUA Cement signs US$600m expansion deal with Sinoma
BUA Group has signed US$600m worth of contracts with China's Sinoma International Engineering Co to double capacity at its Obu cement plant. The plant currently produces 3.5Mta,...
Lafarge Africa to supply Nigerian electricity grid
Lafarge Africa said on Friday it had applied to Nigeria's energy regulator for a licence to generate 260MW of electricity to supply to the country's grid. Nigerian Electricity R...
Lafarge Africa partners PINE to rebuild North East Nigeria
Lafarge Africa Plc has launched a partnership with the Presidential Initiative for the North East (PINE) on the rehabilitation and rebuilding of the region’s economy following t...
Lafarge Africa 1Q revenue rises 15% YoY
Lafarge Africa Plc reported revenue of NGN57bn (US$286.36m) in the first quarter of this year, 15 per cent higher than the corresponding period of 2014. Profit after tax was NGN...
Ashaka board recommends Lafarge buy-out offer to minority shareholders
The board of directors of Ashaka Cement has advised minority shareholders to accept the buy-out mandatory tender offer (MTO) by Lafarge Africa.