BUA Cement records revenue growth of 27% in 2023
BUA Cement reports its full year 2023 audited financial statements and accounts, posting a strong revenue growth of 27.4 per cent to NGN460bn (US$282m) compared to NGN361bn i...
Nigeria
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Nigerian producers agree to lower prices
Nigeria-based Dangote , BUA Cement and Lafarge have agreed to lower cement prices in the country, despite rising production costs. According to This Day Live, the three ma...
Cement prices surge in Enugu, Nigeria
The price of cement has hit NGN13,000/bag (US$8.57) in Enugu, Nigeria, compared to around NGN5000/bag in January this year. According to Blueprint Newspapers, while Dangote Ce...
Nigerian cement prices rise by 30%
Cement prices in Nigeria have risen by 30 per cent in the last few days, reaching NGN6500 (US$5.44)/bag in some regions, reports The Guardian. The ripple effect across other b...
Dangote Cement attracts substantial investment
Dangote Cement has become the first company to be valued at NGN10trn (US$11.76bn) on the Nigerian stock market. The company’s share price advanced by 9.99 per cent on 22 Janu...
Bedeschi wins order for four complete storage lines
A China-based EPC company has appointed Bedeschi to supply four complete storage lines for a Nigerian cement producer. Through the intense activity of the office Bedeschi...
RIGA wins maintenance deals with Lafarge Africa
RIGA has been awarded for two maintenance contracts with Lafarge Africa Plc in Nigeria for two cement plants. The first contract is for the Mfamosing Cement plant in Calaba...
BUA Cement confirms 2024 cement prices
Chairman of the BUA Group, Nigeria, Abdul-Samad Rabiu, has confirmed cement prices will be held at NGN3500 per bag (US$3.90) from January 2024. He said the company would mak...
BUA's Sokoto Line 5 begins production
Production has begun at Line 5 of BUA Cement ’s Sokoto plant. The 3Mta expansion project forms part of the company’s plans to not only expand its production capacity but als...
A new era for Nigeria
Nigeria’s new president signals the dawn of a new era as the west African country aims to address long-standing macroeconomic imbalances. The domestic cement sector continues t...