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 Internation...
Nigeria
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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 fields by f...
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 position...
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,...
Dangote Cement receives CDP rating upgrade
Dangote Cement Plc has had its CDP rating raised from B- to B in recognition of the cement producer’s commitment to climate change. The rating upgrade indicates that Dangote Cem...
Quarterly results propped up by steep price increases
The latest quarterly results reveal that cement producers are increasingly turning to price rises to offset the ongoing jump in energy costs, while they struggle to maintain mar...
Dangote wins three FMDQ awards
Dangote Industries Ltd and Dangote Cement Plc have picked up three accolades at the FMDQ Gold Awards - ‘Largest Corporate Bond Lodgment on FMDG’, ’Most Trusted Brand of the Year...
Dangote sees revenue advance 15% YoY in 9M22
Dangote Cement has reported group revenue of NGN1177.3bn (US$2.68bn) in the first nine months of 2022, up 15.2 per cent YoY. Group EBITDA over the same period advanced by 0.2 pe...
Lafarge Africa posts 23% rise in revenue in 9M22
Nigeria-based Lafarge Africa has seen its net income expand by 11.2 per cent YoY to NGN44.9bn (US$102.1m) in the opening nine months of 2022. This compares to NGN40.39bn in the ...
BUA Cement 's revenue rises by 41% in 9M22
BUA Cement ’s revenue in 9M22 increased by 40.5 per cent to NGN262.6bn (US$5.99m) from NGN186.9bn as at 9M21. Operating profit increases by 31.1 per cent to NGN99.2bn from NGN75...