Lafarge Africa sees net sales improve 27% YoY
Lafarge Africa Plc has reported a 27.3 per cent rise in net sales in FY22 to NGN373.2bn (US$812.9m), compared to NGN293.1bn in FY21. Recurring EBIT over the same timeframe ad...
Nigeria
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Dangote Cement's corporate social responsibility work gains recognition
Dangote Cement has scooped a number of awards in Zambia and Senegal in recognition of its corporate social responsibility actions. In Senegal the Conseil National du Patr...
Dangote Cement’s pan-African operations sales fall 8% in FY22
Dangote Cement ’s pan-African operations sold around 10Mt of cement and clinker in 2022, down 8.1 per cent from the 10.9Mt sold in 2021. “This is due to the continuous global ...
Dangote Group posts 17% revenue rise in FY22
Dangote Cement Group announced revenues us 17 per cent to NGN1618.3bn (US$3.51m) in FY22 and EBITDA up 3.5 per cent at NGN708.2bn. Profit after tax increased by 4.9 per cent ...
BUA Cement sees 12% increase in net profit in 2022
Nigeria-based BUA Cement reported a 40.3 per cent increase in revenues to NGN360,989m (US$7783.4m) in 2022 when compared with a revenue of NGN257,327m in 2021. Profit befor...
Dangote Cement names new CEO
Dangote Cement Plc has named Arvind Pathak as the company’s new chief executive/managing director. Mr Pathak will replace Frenchman Michel Puchercos, who will leave at the e...
Dangote announces new 6Mta Nigerian plant
Dangote Industries Ltd is building a new integrated 6Mta cement plant in Itori, Ogun state, Nigeria. According to press reports, the plant will be supplied by Sinoma Internat...
Dangote donates bags for agro-waste and alternative fuel payback
Dangote Cement’s Ibese plant has donated 25,000 of 100kg capacity bags for management of agro-waste in communities across Nigeria. Being burned or left rotten on the ...
Dangote Cement appoints new CEO
Dangote Cement Plc has named Arvind Pathak as the company’s new chief executive/managing director. Mr Pathak will replace Frenchman Michel Puchercos, who will leave his pos...
Nigeria: challenges abound
Despite the economy being challenged by the COVID-19 pandemic, Nigerian cement demand remained robust in 2020 and 2021. While the country’s longer-term potential remains intact...