BUA Cement announces plans for bond sale
Nigeria’s BUA Cement has announced plans to sell a second tranche of bonds under its NGN200bn (US$525.6m) programme to finance its expansion plans, following the release of the ...
Nigeria
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Dangote Cement records robust EBITDA growth in 1Q21
Dangote Cement Plc announced group revenues of NGN332.7bn (US$874.4m) in the 1Q21, up 33.5 per cent. Group EBITDA rose by 55.8 per cent to NGN178bn, while Pan-African EBITDA rea...
Former Blue Circle director passes away
Anthony J Jackson, a former director of UK-based cement multinational Blue Circle Industries PLC, sadly passed away on 29 March at the age of 87. Mr Jackson was previously the C...
Dangote defends Nigerian cement prices
Dangote Group’s Executive Director, Devakumar Edwin, has confirmed that its ex-factory price for bagged cement in Nigeria is between NGN2450 (US$6.43) in Obajana and Gboko and N...
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 1...
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 to the c...
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 c...
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, u...
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 February ...
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, accordi...