BUA boosts capacity by 6Mta
BUA Cement has received funding to develop two new production lines at its cement plant in Sokoto state, Nigeria. The US$500m funding will boost BUA’s total production capa...
Nigeria
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Rising cement prices hit housebuilding in Nigeria
Rising cement prices in Nigeria are hampering housing development plans across the country. According to a survey by The Guardian, prices of building materials have soared by ...
Clinker substitution takes hold in Africa
Ghana's cement producers have struck out on a decarbonisation and low-carbon cement path. By using local resources for raw materials and reducing the clinker factor, cement man...
BUA Cement posts 9.7% rise in net revenue in 1Q23
BUA Cement reports its net revenues rose by 9.7 per cent to NGN106.4bn for the quarter from NGN97bn (US$209.7m) in the same period a year ago. BUA Cement’s 1Q23 reven...
Lafarge Africa launches its Ewekoro bagging plant
Lafarge Africa ( Holcim group ) has launched a bag manufacturing plant in Ewekoro , Nigeria. The plant features cutting-edge and state-of-the-art machinery and equipment, ...
Dangote Cement volumes fall 14% in 1Q23
Dangote Cement has reported a 1.6 per cent YoY decline in group revenue to NGN406.7bn (US$883.2m) in the first quarter of 2023. Group EBITDA over the same period fell 12 per ...
Lafarge Africa 1Q23 sales up 1.3% YoY
Lafarge Africa has reported a 1.3 per cent YoY uptick in net sales to NGN91,821m (US$199.4m) in the opening quarter of 2023. Recurring EBIT over the same period was up 0.8 pe...
BUA Cement revenue rises by 9.7% in 3M23
Nigerian-based BUA Cement reported a revenue increase of 9.7 per cent to NGN106.9bn (US$232.2m) for the the three-month period ended March 2023 from NGN97bn in 3M22. Op...
BUA Cement's revenue increased by 40% in 2022
BUA Cement Plc of Nigeria reported that revenue increased by 40.3 per cent or NGN103.7bn (US$22 5.3m) in 2022 to NGN361bn from NGN257.3bn in 2021, given the combination of p...
Dangote Cement opens US$130m commercial paper offer
Dangote Cement is currently raising NGN60bn (US$130.7m) through the issuance of commercial paper, under its NGN150bn commercial paper programme, reports The Nigerian Observer...