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 of...
Nigeria
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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 and...
Nigeria’s hamstrung potential Premium
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 on thr...
BUA Cement announce passing of company secretary
The Board and Management of BUA Group regret to announce the passing of Ahmed Aliyu (1975-2021), company secretary and chief legal adviser of BUA Cement Plc. Ahmed was also the ...
BUA Cement signs contract for third power plant from Wartsila
Nigeria’s BUA has signed an agreement with Wärtsilä for the delivery of a 70MW dual-fuel power plant for its Obu Line 3 project in Edo state. The gas power plant will be the thi...
Dangote Cement records 34% rise in group revenue
Nigeria’s Dangote Cement has announced a 34.2 per cent YoY increase in group revenue to NGN1022bn (US$2.49bn) for the first nine months of the year, compared with NGN761.4bn in ...
BUA Cement records 23% increase in profit
Nigeria’s BUA Cement has reported a 23.2 per cent increase in profit after tax to NGN65.91bn (US$160.54m) in the first nine months of the year, compared with NGN53.5bn seen in t...
Wartsila extends O&M agreement with Lafarge Africa
Wärtsilä has signed a five-year Operation & Maintenance (O&M) agreement with Nigeria's Lafarge Africa Plc. The agreement covers the 100MW Lafarge Ewekoro power plant and is an e...
Dangote Cement appoints new deputy group MD
Nigeria’s Dangote Cement has appointed Philip Mathew as its new deputy group managing director and CEO, with effect from 15 September 2021. Mr Mathew has 34 years of working exp...