BUA Cement CFO Jacques Piekarski resigns
BUA Cement 's Chief Finance Officer and Executive Director, Jacques Piekarski, has resigned. Mr Piekarski held the post since 2 October 2020 following a position as Group CFO fo...
Nigeria
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BUA Cement reports revenue growth in 1Q24
Nigeria-based BUA Cement has released its unaudited financial statements for the three months ended 31 March 2024. The company has posted revenue of NGN161,131m (US$114.4m) over...
Dangote reports 101% revenue surge in 1Q24
Dangote Cement has reported group revenue of NGN817.4bn (US$659m) in the first quarter of 2024, ended 31 March, marking a 101 per cent surge YoY. EBITDA advanced by 66.6 per cen...
Dangote boosts revenue by 36% in 2023
Dangote Cement has reported revenue of NGN2.208trn (US$1.365bn) in 2023, up 36.4 per cent from the NGN1.618trn posted in the previous year. Operating profit over the same period...
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 in 2...
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 manufact...
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 Ceme...
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 bui...
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 January...
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 Far Ea...