BUA Cement sees 19% rise in profit
Nigeria’s BUA Cement has reported a 19.4 per cent rise in profit after tax to NGN72.3bn (US$189.5m) for 2020, compared to NGN60.6bn in the previous year. Revenue also advanced ...
Nigeria
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Lafarge Africa reports 99% growth in FY20
Lafarge Africa Plc has declared a 98.8 per cent YoY growth in profit to NGN30.8bn (US$788.7m) for the FY20, compared to NGN15.5bn reported in FY19. The growth is linked t...
Dangote Cement records strong pan-African cement volumes in FY20
Dangote Cement's regional performance in FY20 saw its domestic market of Nigeria return volumes of 15.73Mt, a rise of 11.5 per cent on the 14.11Mt recorded in FY19. Cement and ...
Dangote Cement Group reports FY20 revenues of NGN1034.2bn
Dangote Cement Plc has released its FY20 results, reporting group revenue up 16 per cent to NGN1034.2bn (US$2718.1bn) when compared with FY19. Group EBITDA totalled NGN71.3bn, ...
Dangote Cement confirms appointment of CFO
Nigeria’s Dangote Cement has confirmed the appointment of Guillaume Moyen as chief financial officer, with effect from 18 March 2021. Mr Moyen joined Dangote Cement in Febru...
Kalambaina Cement to launch second line in July
Nigeria's Kalambaina Cement (BUA Cement) is set to launch its 3Mta second line in July this year, which is expected to increase supply and stabilise the price of cement, accord...
Lafarge Africa to install baghouse at Ewekoro
Nigeria’s Lafarge Africa has committed US$8m to change its current electrostatic precipitator to a baghouse at its Ewekoro plant. As a result, the company is planning to shut...
BUA Cement sees 19% revenue increase
Nigeria’s BUA Cement has seen a 19.3 per cent increase in revenue to NGN209.47bn (US$549.5m) in 2020, compared to NGN175.51bn in the previous year. Operating profit also climbe...
Rising to the challenge
The COVID-19 pandemic has changed the way we live and the way we work. CBMI has successfully navigated the impact of the crisis by progressing with construction of the Kalambai...
Nigeria: search for new markets
While Nigerian cement volumes rose sharply in the 3Q20 amid the COVID-19 pandemic, there is limited room for strong volume and price growth. For the oligopolistic domestic ceme...