BUA reports surge in profits
BUA Cement Plc has announced its unaudited financial results for the first half of 2026, showcasing significant growth across all major indicators. The company recorded a 25.6 p...
Nigeria
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Nigerian cement prices continue to rise despite Huaxin takeover
Retail cement prices in Nigeria continued to increase in July 2026, with 50kg bags now selling for between NGN12,000 (US$7.80) and NGN15,000 (US$9.75), depending on the producer...
HBM Nigeria reassures market following Huaxin takeover
HBM Nigeria Plc has sought to reassure customers, investors and other stakeholders following its rebranding from Lafarge Africa after Huaxin Building Materials' acquisition of H...
Nigerian Senate backs Huaxin's acquisition of Lafarge Africa
Nigeria's Senate has approved the proposed US$1bn acquisition of Lafarge Africa by China's Huaxin Cement following a review by an ad hoc committee. The committee found no legal ...
Dangote Cement targets 20% emissions reduction
Dangote Cement has set a target to reduce its net CO 2 emissions intensity by 20 per cent as part of its wider sustainability strategy, the company announced at its 17th Annual ...
New Nigerian cement factory planned following limestone discovery
The government has decided to establish a new cement factory due to challenges associated with reactivating the moribund Nigercem plant in Nkalagu. Governor Nwifuru disclosed th...
Nigerian government urges cement producers to cut prices
Nigeria's Minister of Works, David Umahi, has called on the country's cement producers to reduce cement prices, warning that rising costs are increasing pressure on infrastructu...
Lafarge Africa officially renamed HBM Nigeria
Lafarge Africa Plc has officially changed its name to HBM Nigeria Plc , reflecting changes in its shareholder structure and marking a new phase in the company's development. The...
Dangote Cement enhances fleet safety measures across Nigeria
Dangote Cement Transport has expanded its tech-backed safety programmes. The initiative strengthens governance, accountability, and driver training. Silva announced automated in...
Nigeria housing crisis looming as cement prices hit NGN15,000
The Real Estate Developers Association of Nigeria (REDAN) has warned of a looming housing crisis as soaring cement prices threaten national homeownership. According to REDAN Pre...