Mangal Industries Ltd performs plant groundbreaking ceremony
Mangal Industries Ltd has performed the groundbreaking ceremony of a greenfield cement plant in Iluagba, Kogi State, Nigeria. Mangal Industries had signed a US$600m deal wit...
Nigeria
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Dangote volumes up 4% in 1Q22
Dangote has reported a 24.2 per cent YoY increase in group revenue to NGN413.2bn (US$995.4bn) in the opening quarter of 2022. Group EBITDA over the same period advanced by 18.6...
BUA sees jump in profit following new plant
BUA Cement increased sales in the 1Q22 by 58.5 per cent to NGN97bn (US$233.4m) following the commissioning of its new 3Mta Kalambaina Line 4 . Other income surged seven time...
Lafarge (Wapco) Cement Plc records profit of NGN17.55bn in 1Q22
Nigeria’s third-largest cement producer, Lafarge (Wapco) Cement Plc , has released its 1Q22 unaudited results reporting a profit of NGN17.55bn (US$42.2m) during the period, r...
BUA Cement fire results in loss of three lives
The management of BUA Cement PLC at the weekend announced a fire incident that occurred at a diesel storage tank farm situated in the vicinity of one of its plants in Sokoto...
Dangote: powerhouse of Africa and Nigeria
Through the use of financial ratio analysis, this month’s Technical Forum examines how Dangote Cement – the powerhouse of Africa and Nigeria – has managed to achieve a strong a...
Dangote Cement reports group revenue of NGN1383.6bn in 2021
Dangote Cement reported that for the year ended 31 December 2021, group revenue reached NGN1383.6bn (US$3.327bn), up 33.8 per cent on 2020. The group recorded a record EBITDA o...
Mangal Industries selects Sinoma to build 3Mta cement plant
An indigenous Nigerian firm, Mangal Industries had signed a US$600m deal agreement with Sinoma International Engneeering of China for the construction of a 3Mta cement plant an...
Nigeria’s hamstrung potential
Rapid cement capacity build-up over the last two decades and further new additions on the way mean that by next year, Nigeria will have the second-largest installed capacity in...
Kalambaina Cement sees successful start-up of Line 3 project
Sinoma CBMI has announced the successful start-up of its EPC project for Kalambaina Cement (BUA) in Sokoto, Nigeria. Work on the 3Mta Line 3 began in the 2Q19 and carried o...