Dangote Cement's revenue rises 17% to NGN808bn in 1H22
Dangote Cement reported group revenue of NGN808bn (US$1.942bn) in the 1H22, a rise of 17 per cent YoY. Group EBITDA rose by 6.3 per cent to NGN373.2bn and profit after tax fell ...
Nigeria
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BUA to expand Kalambaina plant
BUA Cement is reportedly in talks with the International Finance Corporation (IFC) over a loan to expand its integrated cement plant in Kalambaina, Sokoto State, Nigeria. Accord...
BUA approves dividend and sets 2023 deadline for current expansion projects
BUA Cement Plc shareholders have approved dividends of NGN88.047bn (US$96.3m) for the financial year ended 31 December 2021 at NGN2.60k per ordinary share of 50k each. This appr...
Dangote Cement partners with UNEP
Dangote Cement has formed a partnership with the United Nations Environment Programme, the National Environmental Standards and the Regulations Enforcement Agency as part of its...
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 with Si...
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 times to...
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, repr...
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 . T...
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 an...